Canadian banks are making money, rated the highest in the world, and are often conservative enough for any investor. Yet they often still have prospects beyond Canada. Let’s take a look at the top banks in Canada.
Canadian bank stocks offer an excellent opportunity at a safe investment with an excellent dividend. They avoided the Great Recession through conservative practices in a safe environment. Along with honest valuations, modest P/E’s and a growing dividend they are stocks to consider retiring with.
They are all on sale now due in large part to a global dump in banks, headlined by talking heads like Jim Cramer, who advises his viewers and readers each day to not touch banks, even though he has mentioned Canadian banks are the best. Thankfully, these Canadian banks were smart enough to avoid Greek debt, unlike Bank of America (BAC) and Huntington (HBAN), among others.
If you are a Canadian take advantage of these banks you know and use each day. Talk to an investment representative at your branch and discuss options for investing in them. Some of them are also available through powerful DRIP plans, offering an excellent vehicle for long term investment. Americans should justto get in on the action.
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