Royal Bank (RY.TO)

(A Top Pick June 30/17 Up 9%). Compared to the rest of the Canadian market, he is happy with this performance. He does not want to see a break below the low in February as this may question the pro-growth theme he sees in the market.

It's her biggest holding among the Canadian banks. Fantastic numbers. Royal and Scotia are her favourite Canadian banks.

He thinks it is the most expensive bank in North America, although it is the most profitable too. A good long term hold, but looking pricey compared to other banks. As mortgage rates go higher, it could be a signal for consumers to buy real estate, which would be a good bump to their earnings. He went into US banks instead.

Bank of Nova Scotia (BNS-T) or Royal Bank of Canada (RY-T)? He actually suggests a basket of banks. Maybe an ETF works here. If you have to prefer one name, he would pick TD Bank (TD-T)

Canadian Banks are great businesses. They are set up to win. It is always a good time to buy them. RBC specifically one of the largest banks and probably one of the best run Canadian banks. The number one driver is the Canadian economy.

RY has been moving up in a stair step formation. This correction is just part of the normal process for that type of long-term increase. After the TSX settles out from this correction, the TSX might rally well in the spring and a rally in the TSX will include the bank stocks. Their best season is into December, but they can continue to do well into the spring.

Long-term investors who have just held Canadian banks have made out like bandits. They’ve compounded rates of double digits and dividend growth, and he doesn't see that ending. Canadian banks should trade at more than 13X earnings. The overall market is trading at 19X earnings. He likes Canadian banks and feels you should overweight them in your portfolio.

(A Top Pick Dec 14/16. Up 17%.) She likes the banks as a group. They’ve started to pick up their price/share performance mid year. This has been one of the leaders in the group. Has about a 22% exposure in the US, which she likes. While the valuation is a little elevated versus historical averages, the earnings are coming through and are pretty stable. Their payout ratio is about 46% of earnings, and the targets are 40%-50%. They are going to continue to get that 7%-8% earnings growth.

There is a short call on this one. Canada’s largest company and one of the largest banks in the world. It is the undisputed leader in wealth management. It is a leverage play on domestic banking. It has a 3.6% dividend that grows at 10% compounded. It should be a core part of any Canadian portfolio. (Analysts’ target: $108.00).

Canadian banks for the last 25 years have outperformed Berkshire Hathaway. Canadian banks have been no-brainers. Thinks you are going to get 8%-10% returns going forward from both a stock appreciation and dividends.

You could own any of the banks. Sticking with a Royal or TD or any of the others, you are probably going to be pretty good. Thinks there is a little more upside and more safety in this bank. Expects it will be a few months down the road before there will be the impact of any rate increase. Dividend yield of 3.6%. (Analysts' price target is $101.)

It is one of his principal holdings in the financial services sector. We’ve seen all the banks doing fairly well recently and Royal Bank looks more expensive than the others now. If he was investing in banks today he might look elsewhere. You need to look at dividend growth. We could see a setback in the prices of the banks should the market have a precipitous fall.

He trimmed some in the spring around $98 and replaced it in the low $90s. It is a quality, quality bank and is a big beneficiary of bull markets. You can buy it here and a year from now it will be up. It is a solid, well run company. (Analysts’ target: $101.00).

RY-T vs. TD-T. They both look very attractive at these levels. From the beginning of September until the last week in November. This year rate increases are going to help. We are testing an all time high and they will likely head up.

He likes this very much. Had very good results in the 2^nd quarter, and is certainly benefiting from the US acquisition. A well diversified bank. Selling at the highest premium to the average PE multiple of the Canadian banks, which it tends to do.