Top 7 Canadian Bank Stocks that Pay Dividends

Hang on to it. This should be one of the ones you buy and hold rather than monitor closely. This is one of the stronger banks in Canada. This one has the advantage of being in the more profitable areas of banking than the others.

(A Top Pick May 10/17, Up 8%) Also a top pick today. Earnings grew 10% in the past year but the share price has been flat, so the PE has gone down. Looking ahead, earnings will be higher in 10 years, so current levels are at a good price.

Often the worst bank one year does the best the next. BNS is 50% Canada and 50% foreign operations. (Analysts’ price target is $79.17)

They increased their dividend. U.S. operations are attractive and they are expanding them. Better U.S. growth helps them. A good stock. Ranks BMO #4 of the big Canadian banks after TD, RBC and SB.

This has been disappointing for the past couple of years, but the dividend yield of 5% is good. He would not worry about holding this. His stop-loss would be $100.

He likes Canadian banks. NA has done very well. Good management. NA is heavily exposed to Canada, so he prefers TD or BMO because of their US exposure.

It is the only bank in North America with a unionized work force (37% of it). They are trying to come to an agreement so they can have more online services to customers. The other banks that are non-unionized have more flexibility. The valuation is cheap but so is CM-T. You could own LB-T but…

Has a long term Short on this. Looking back to the last downturn in 2008-2009, it took 17 quarters for them to get back to pre-recession provisioning levels. The current downturn in Alberta has been a lot longer and more protracted, so thinks the time horizon for provisions will probably be even longer than 17…