Sold Bank of Montreal due to provision issues related to US commercial properties and credit loss trajectory.
Source Post
There Are 2 Top Canadian Bank Stocks — And the Race Isn't Even Close
The creator compares two top Canadian bank stocks, National Bank and Royal Bank, highlighting their recent strong performance and long-term positioning. While acknowledging other banks like TD and CIBC, the creator expresses a preference for National and Royal, despite them trading at all-time highs. The video aims to help viewers identify better companies and will delve into valuation later.
Linked Mentions
Tickers discussed in this post
Scotia Bank is not a preferred institution by the creator.
CIBC has shown a massive turnaround and strong recent performance, but its heavy exposure to the Canadian mortgage market makes it less preferred than National or Royal.
TD is a Canadian bank that is performing well in the short term but is not preferred over National or Royal for the long term.
Royal Bank is a top Canadian bank with excellent recent performance and strong diversification, despite trading at all-time highs.
National Bank is a top Canadian bank with strong historical performance and long-term positioning, despite recent price appreciation.
Linked Signals