Top 7 Canadian Bank Stocks that Pay Dividends

It sold at a premium to its peers for many years, but now RY is trading in line with them. The big banks are a safe, long-term investment. Based on valuation, he prefers BNS, but RY is a dominant player that pays around a 4.5% yield. (Michael Sprung)

Historically it has been the best performing. They will have issues going forward in auto loans. Not a lot exposed to investment banking. (David Driscoll)

(A Top Pick Feb 21/18, Down 2%) All the Canadian banks have been down this period, but based on relative valuation, he'd pick BNS now. Pays a good dividend. Its relative valuation has slipped because it is exposed to Latin America. That said, this is a core holding of his and he owns a lot…

Just sold his holding yesterday. Still likes financials, but prefers insurance or mixed use like Fairfax. Seasonality and headlines re housing mean banks are a bit of dead money. Better use of money elsewhere. Short-term, downside risk is about $95. (Hap (Robert) Sneddon FCSI)

If it breaks through $109.50, you'll go down to $105, and then the next spot is $98. Banks are predictable, not a big drop. Better places to deploy capital because of seasonality and rate slowdown. He'd look at it again around $100-105. Interest rates would really need to rise to see it break through. (Hap…

No reason to sell this. Yield pays 4.2% and it is priced competitively vs. the big banks. The ROE has been creeping up a bit. It's a much better bank than years ago, though they do have a lot of oil exposure that they have scaled back. (Michael Sprung)

LB vs. NB He prefers NB. LB is a lot smaller. You're comparing a regional bank vs. a full-service bank. NB participates in national markets and exposure to business banking. (Michael Sprung)

Got stuck at $40 and had a sell-off. $20-40 range, so there's plenty of upside here. He's worried about this sector, but CWB has already sold off, so he's not worried about it. (Elliott Fishman)