Royal Bank (RY.TO)

She owns both. RY has far outperformed TD. RY remains her top Canadian bank. Likes the HSBC acquisition and its wealthy client base, integration has gone well. Though it's outperformed, still her preference.

We don't yet know what ultimate penalties in US will be for TD, its capital base can handle it. There may be a cap imposed on growth. Trading below 9x forward PE, lagged YOY. Stock price already reflecting the bad news. She'll continue to own. Substantial operations in Canada and outside US. Targeting immigration to Canada.

If he was going to own national banks, he'd most likely own RY or NA. And if not, then the ZWB strategy is a good one; covered calls give you more upside; yield's around 7.5%; pretty good income stream.

Not a ton of growth in the Canadian market, and not a ton of growth in Canadian banks. Own them for the income more than upside growth.

Wonderfully run. A great chart. They did a large acquisition when its peers were tied up. Banks in general have been beaten up, so RY's PE is a reasonable 12x PE. Likes it a lot.

RY is a bit pricey right now. 

If he could own only one, this would be it. Better managed, better strategy, more on point. See his Top Picks.

Best in show and firing on all cylinders. Capital markets really grew; all their businesses are growing. Loves that they bought HSBC, a great way to grow.

It's done well the past year, and taken away leadership from TD. You can take some profits, but longer term the Canadian banks do well, though they are in a holding pattern now.

As markets make new highs - banking is beginning to catch up. Running room for the business. Believes interest rates will remain high - good time to own Canadian banks. Excellent wealth management business as well. Would recommend buying. Very strong brand. 

Likes it. Canadian banks have dramatically underperformed over the last couple of years. Yet dividends are rock solid. All are in incredibly strong shape due to tight regulations. It's only a matter of time before attention comes back to Canada and takes advantage of banks. 

Despite low productivity, we're a growth country because of immigration. Value to be had.

Strong business - bear oligopoly of sector in Canada. Leading bank in Canada. Continues to own shares in business. Would recommend for the long term investors. Strong balance sheet and profit margins. Management team continues to perform well. 

More for the dividend and some small growth. For new money, probably better to add as a lump sum, rather than dollar cost averaging. This way, you get your dividend sooner.

Always one of her top holdings. In general, Canadian banking sector is a sound, long-term investment. Diversified geographically and operationally. HSBC acquisition is very attractive, synergies, opens door to international expansion and cross-selling.

Currently selling at premium to other banks in the market, but valuation is justified. RBC offers stability for investors in case markets fall. Very strong balance sheet and steady stream of earnings. Dividend ~4% is safe and reliable. Compliance issues behind company. Recent closing of HSBC Canada will generate profits going forward. Offers good value for long term investors. 

If you're going to buy in the space, BMO and RY are the two to consider. Accretion from acquisitions is working for both. BMO is 2 points cheaper. Still, he'd rather go with insurance -- MFC first, IFC second.

Banks are good to own for the long term. They did reduce their holdings 1 1/2 years ago. He wants to see how the digestion of its mortgage business runs through the financial system. Banks are getting the benefit of higher interest rates but the bulk of refinancing mortgages at higher rates is still to come over the next one to 1 1/2 years. He wouldn't add at this time.