07-22-2015, 05:54 PM
With Canadian banks being closely aligned with our oil industry it creates great valuations that seem to be available in this market, across our border in Canada. Recently, I purchased my first position in TD; however, I'm looking at the other big boys within the Canadian banking system. This could make good diversification in the long haul and a different way to allocate funds in this market rather then the oil/energy sector which I'm a little top heavy.
TD 40.13
p/e 12.47
eps 3.22
yd% 4.00
div 1.61
52 week range 39 to 53+
RY 58.62
p/e 11.74
eps 4.99
yd% 4.10
div 2.42
52 week rang 56 to 76+
CM 69.85
p/e 10.11
eps 6.91
yd% 4.9
div 3.52
52 week range 69 to 97+
BNS 48.32
p/e 10.75
eps 4.5
yd% 4.4
div 2.16
52 week range 47 to 68+
BMO 56.51
p/e 11.88
eps 4.76
yd% 4.4
div 2.52
52 week range 56 to 78+
As you can see Canadian banks are hitting at near 52 week lows and may create long term value to a portfolio. I read a lot about XOM/CVX/HAL/COP/RDS.B/BP/ but not a whole lot about these Canadian banks even though they seem to have a lot skin in the oil industry affecting their shares. Maybe I'm missing something but there seems to be great opportunity to be made, right? I'm talking about long term value not money made overnight.
TD 40.13
p/e 12.47
eps 3.22
yd% 4.00
div 1.61
52 week range 39 to 53+
RY 58.62
p/e 11.74
eps 4.99
yd% 4.10
div 2.42
52 week rang 56 to 76+
CM 69.85
p/e 10.11
eps 6.91
yd% 4.9
div 3.52
52 week range 69 to 97+
BNS 48.32
p/e 10.75
eps 4.5
yd% 4.4
div 2.16
52 week range 47 to 68+
BMO 56.51
p/e 11.88
eps 4.76
yd% 4.4
div 2.52
52 week range 56 to 78+
As you can see Canadian banks are hitting at near 52 week lows and may create long term value to a portfolio. I read a lot about XOM/CVX/HAL/COP/RDS.B/BP/ but not a whole lot about these Canadian banks even though they seem to have a lot skin in the oil industry affecting their shares. Maybe I'm missing something but there seems to be great opportunity to be made, right? I'm talking about long term value not money made overnight.