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Canadian Banks stocks - Good Buy !!!

theycallmebruce

Active member
Nov 17, 2002
1,107
1
38
I believe that Canadian Bank stocks are primed to go up in the very near future. Here is why. Basel Committee have reached an agreement on establishing a global bank reform to ensure a minimum standard on capital reserve to avoid future financial collapses. Canadian banks already exceed the reserve requirement and are primed to raise dividends, buy back shares and looking to acquire foreign acquisitions. The Basel announcement has already seen Bank stocks surge over the past couple of days. Dividends will increase in 2011. I see bank share prices rising anywhere between 10 to 15% over the next 4 to 6 months.
 

rafterman

A sadder and a wiser man
Feb 15, 2004
3,423
77
48
TD seems to get the most recommendations on BNN, in the recent past anyhow, out of the big six banks.
 

Timbit

Tasty and Roundish
Jan 7, 2002
1,696
29
48
In Ecstacy
IMO, Canadian banks stocks are very rarely a bad buy. That's what having a monopoly does for your business...

Timbit
 
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