Bank stocks are shares of financial institutions that are licensed to receive and hold deposits and also loan money out to individuals and business. We’ve long recommended that most Canadian investors should own two or more of the big five Canadian bank stocks (TD Bank. Bank of Nova Scotia, CIBC, Bank of Montreal and Royal Bank). That’s mainly because of their importance to Canada’s economy. They are also key lower-risk investments for a portfolio. The big five Canadian bank stocks also have long histories of annual dividend increases.
We believe Canada’s bank stocks are well positioned to weather downturns in the Canadian economy. In addition, they trade at attractive multiples to earnings and have above-average dividend yields.
Conservative or income-seeking investors may want to emphasize utilities and Canadian banks in their portfolios, because of the high and generally secure dividends that these stocks provide.
We feel that high-quality bank stocks should be part of every investor’s portfolio. Banking stocks and the Canadian financial sector in general is known for its lower volatility, sound earnings—and they are among the safer investments you can make. For the best stocks for your total portfolio, follow TSI Network’s three-part Successful Investor strategy:
Discover how to put an extra strength in your portfolio with our specific advice on how to identify high-quality dividend stocks. It’s all in our newly updated report, Dividend Paying Stocks: How High Dividend Stocks Can Supercharge Your Income Investing. And it’s yours FREE!
Canadian bank dividends are the top reasons for investing in Canadian banks
Banks remain key lower-risk investments for almost any portfolio. As well, the big-five Canadian bank stocks all have long histories of annual dividend increases.
Canadian bank dividends are a major reason to invest in banks.
When… Read More
A bank stock with high dividends is one way to supercharge your portfolio, but select wisely
Canadian banks stocks have always been some of the best income-producing securities.
Below we share tips for finding and buying a top bank stock with high dividends.
The worry-free retirement plan
This is… Read More
We’ve recommended buying the five top Canadian bank stocks since the 1970s, but not everyone has agreed with that advice
Canadian banks have gone through periodic and sometimes lengthy slumps, like any other stock group. They occasionally make costly management errors. On rare occasions, they have… Read More
The success of eBay shows the importance of developing a powerful brand in a growing, competitive field, as the company continues to upgrade its websites and increase its revenue.
We advise investors to diversify their Finance sector holdings with … Read More
We advise investors to diversify their Finance sector holdings with non-bank stocks such as the four we analyze below. All are leaders in their niche fields, which helps cut their risk. Three are also spinoffs from larger firms. That has spurred their share prices.
EBAY… Read More
Don’t follow this investment rule if you want to profit in conservative investments
Most investor sayings or rules have some truth or logic or value to them, and that’s why investors keep repeating them. However, their truth or logic may be irrelevant… Read More
Fortis is one of those companies that seem to successfully expand through acquisition. The utility’s recent purchases have helped to diversify its geographical presence while also limiting its risk.
FORTIS INC. (Toronto symbol FTS; www.fortisinc.com) began supplying electricity to St. John’s,… Read More
Canadian National Railway has lowered its operating expenses thanks to lower fuel prices but also because of cost-cutting.
The Alberta wildfires and low commodity prices have hurt freight volumes at CN, but low fuel prices have helped the railway control costs.
CANADIAN NATIONAL RAILWAY CO. (Toronto… Read More
On the whole, investors have underestimated Canada’s top bank stocks for as long as I’ve been in the investment business. As a result, these stocks have often traded at attractive share prices. Because they were growing, and cheaper in many respects than other stocks, they… Read More
We continue to recommend that Canada’s big five banks make up the bulk of the Finance portion of your portfolio.
Investors should also diversify their Finance holdings with high-quality non-bank stocks, such as the three we analyze below.
GREAT-WEST LIFECO INC. $35 (Toronto symbol GWO;… Read More
Learn everything you need to know in 'The Best Blue Chips for Canadian Investors' FREE Special Report from The Successful Investor.
Canadian Blue Chip Stocks:
Bank of Nova Scotia, CP Rail, CAE Inc. and more.
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