The big Canadian bank stocks are solid core holdings for long-term total returns. Investors should buy opportunistically going into 2023. Just Released! 5 Stocks Under $49 (FREE REPORT) Stop Trading. Start Investing.
What are the best bank stocks in Canada?
Canada has some of the largest and safest bank stocks in the world. Below we’ll cover some of the top bank stocks on the Toronto Stock Exchange. The largest bank in Canada with $1.7 trillion in total assets. The oldest bank in Canada and the fourth largest by market cap. 1. Royal Bank of Canada
Is Canada's banking sector cheap right now?
The Morningstar Canada index and the S&P TSX Composite index are down 8.6% and 10.3% for the same time period. The six banks in our coverage universe have fallen between 4.8% (Royal Bank of Canada RY) and 13.3% (Bank of Nova Scotia BNS ). “The sector is cheap right now because of recession concerns.
Are Canadian bank stocks falling?
Bank buildings in Toronto's financial district. Canadian bank stocks may have further to fall. Photo by Peter J. Thompson/Financial Post Struggling bank stocks haven’t hit the floor yet because of the threat of recession and the uncertainty around interest rates, analysts say.
