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!
We believe that Canadian investors should hold at least one, if not two, of the big five Canadian banks stocks in their portfolios. Here is our most recent update on two of those banks.
TD BANK (Toronto symbol TD; www.td.com)… Read More
Here’s the text of the quarterly letter I recently sent to our Portfolio Management clients:
“Most investors find they improve their investment results when they invest conservatively. Speculating can pay off from time to time. But the gains are generally too small and/or… Read More
Every Monday we feature “A Stock to Sell” as our daily post. With every stock or investment we recommend as a sell, we give you a full explanation of why we advise against investing in it at this time. This week, we… Read More
Canadian Western Bank (symbol CWB on Toronto; www.cwbank.com) offers business and personal banking services across the four western provinces. It’s the biggest Canadian bank headquartered in Western Canada and the country’s eighth-largest.
The bank’s wholly owned subsidiaries include National Leasing Group, Canadian Western Trust Company, Valiant… Read More
During the 2008/2009 financial crisis, the U.S. and Europe provided huge support to their banks, to keep them solvent. Thanks to Canada’s stricter banking regulations, our big five banks (Bank of Montreal, Bank of Nova Scotia, CIBC, Royal and TD) survived the crisis without government… Read More
Vanguard Financials ETF, $46.65, symbol VFH on New York (Units outstanding: 45.3 million; Market cap: $2.1 billion; www.vanguard.com), holds a number of stocks among its top holdings that we recommend in Wall Street Stock Forecaster, including Wells Fargo, J.P. Morgan Chase and American Express.
It also… Read More
There’s a revolution brewing in Canada’s brokerage industry.
Canada’s provincial securities commissions are looking at three longstanding practices that help the brokerage industry and securities salespeople, but represent a steady drain on the finances of many investors.
Trailer fees and other “embedded” fees. Mutual fund buyers now… Read More
Dear Inner Circle member,
Lots of investment advisors and commentators are worth listening to. However, one essential fact about investing is that nobody can foresee the future consistently. So, it pays to listen to the people who are worth listening to, but don’t take their predictions… Read More
Financial Select Sector SPDR Fund ETF, $21.82, symbol XLF on New York (Shares outstanding: 851.4 million; Market cap: $18.6 billion; www.spdrs.com), holds a number of stocks we recommend in Wall Street Stock Forecaster as its top holdings, including Wells Fargo, JP Morgan Chase and American… Read More
In our flagship Canadian advisory, The Successful Investor, we recommend that when you select investments in the financial sector, you start by looking at Canada’s big-five banks.
But we also recommend diversifying your holdings with non-bank finance stocks. Two weeks ago, we covered one such stock… Read More
Learn everything you need to know in '7 Winning Strategies for Dividend Investors' FREE Special Report from The Successful Investor.
The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Information from Other Sources: For reasons such as improving personalization of our service (for example, providing better product recommendations or special offers that we think will interest you), we might receive information about you from other sources and add it to our account information. We also sometimes receive updated delivery and address information from our shippers or other sources so that we can correct our records and deliver your next purchase or communication more easily.
We do reserve the right, however, to collect and perform statistical analyses of the internet traffic to our website for our internal use. However, information collected does not allow us to identify any individual, and will not collect any personal information of the visitor. Furthermore, we do not sell, rent or loan to any outside parties the information collected and analyzed.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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TSI Network may provide personal and other information to a purchaser or successor entity in connection with the sale of TSI Network, a subsidiary or line of business associated with TSI Network, or substantially all of the assets of TSI Network or one of its subsidiaries, affiliates or lines of business.
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Except as provided herein, TSI Network will not sell or rent personal information about you to unaffiliated third parties.
We may disclose personal information you have provided through our websites, for the above purposes, to persons or companies that we retain to carry out and other activities for which you have registered or in which you have otherwise asked to participate. In particular, we may for these purposes transfer information to any country (including the USA and other countries which may not offer the same level of data protection as Canada). We also will disclose personal information if required by law, including compliance with warrants, subpoenas or other legal processes.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
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