What are the best banks?
Posted on Tuesday, March 24, 2009 by Risk Manager Jeff
Blame Canada!!
RY, TD, BMO, BNS, CM all beat the American banks, and now have the size and scope to take market share in the US Market and are yielding about 6-7%.
Citi now has a market cap of 16B. Bank of America, has a market cap of 46B.
BNS has a market share of 26B, and RY has a market cap of 42B.
Yes, the Canadian non-zombie banks can compete.
Like every bank right now, it's heavily overbought so I'm looking to build a larger position both for investment and trading.
Long BNS in retirement account
But I like all of them here.
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