As a Canadian investor, one of the questions I get most frequently from foreign investors is what the big difference is between the Big Five Canadian banks (the “Banks”). Many investors and market commentators tend to lump them together into one large grouping with the tag line being, “The solid Canadian financial firms” or something to that effect.
To put these diverse businesses all into one homogeneous grouping would be to do them each a particular disservice because while they do share some similarities, they each have unique differentiating characteristics.
We will discuss each of the Banks in descending order of current market capitalization. The goal will be to show that investing in one Canadian bank is not the same as investing in another.
Read the full article on Seeking Alpha.
Full Disclosure: Ryan is Long TD, CM. Rick is Long RY, BNS.
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