2 Ultra-High-Yield Bank Stocks to Buy Hand Over Fist and 1 to Avoid

If you're looking at the banking sector, you're probably better off heading north of the border. The U.S. banking crisis in the early part of 2023 should have been a wake-up call to investors. More often than not, taking a safety-first approach with dividend stocks is a better plan than focusing on the highest yield or the most exciting story.

One of the biggest differences between U.S. banks and Canadian banks is the amount of regulation they face. Simply put, Canada is far more strict. Today, if you are looking at dividend-paying banks, two enticing names are Toronto-Dominion Bank (TD) and Bank of Nova Scotia (BNS 0.51%). An example of a bank that may be best avoided, meanwhile, is Premier Financial (PFC).

Source: Motley Fool

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