One Year Performance of Large Canadian Bank Stocks

With two months to go this year, which of the five top Canadian bank stocks are leading?

Based on 2008 earnings, Royal Bank of Canada (RY) was one of the two Canadian banks on the 25 most profitable banks of the world list.

Royal Bank is the most profitable bank over the long-term as well. Royal Bank (RY) stock has performed consistently over the past years and currently the stock has a 3.79% dividend yield. RY has more than doubled from its March lows.

One-year performance of top five Canadian bank stocks:

click to enlarge

All the five Canadian banks have run up in a synchronized fashion over the past year. However as expected, Royal Bank (RY) is the best performer.

Comments

[Bingo 2:]

Simple explanation: the Canadian banks are run like banks- greed and unsafe practice has no place in their operation. They actually try to load money to folks who can repay it- What a concept!

Nov 02 11:36 AM

[surfgeezer:]

You forgot to mention they are also well regulated like our banks used to be.


On Nov 02 11:36 AM Bingo 2 wrote:

> Simple explanation: the Canadian banks are run like banks- greed
> and unsafe practice has no place in their operation. They actually
> try to load money to folks who can repay it- What a concept!

Nov 02 01:26 PM

[mbkelly75:]

RY has been a wonderful investment right along with Canadian REITs and CANROYs. The Loonie has been doing so well against the Dollar - getting dividends paid in it has done very well for me - even with the 15% taken off the top of them by Canada for taxes.

Nov 04 03:54 PM