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4 Rock-Ribbed Canadian Bank Stocks

Stocks in this article: BNS TD BMO CM

4. Canadian Imperial Bank of Commerce (CM)

Company profile: Canadian Imperial Bank, with a market value of $29 billion, is the nation's fifth-largest bank.

Dividend Yield: 5.02%

Investor takeaway: Its shares are up 0.3% this year, have a three-year, annualized return of 12.6% and a 10-year return of 13.5%. Analysts give its shares one "buy" rating, five "buy/holds," and 12 "holds," according to a survey of analysts by S&P.

Analysts' consensus estimate is that CIBC will earn $7.78 per share this year, (up 6% from last year) and grow earnings by 4%, to $8.13 per share, next year. S&P rates its shares a "buy" with an $80 price target, which is a 12.6% premium to the current price.

3. Bank of Montreal ( BMO)

Company profile: Bank of Montreal, with a market value of $37 billion, is the fourth-largest bank in Canada.

Dividend Yield: 4.8%

Investor takeaway: Its shares are up 7.3% this year, have a three-year, annualized return of 13.6% and a 10-year return of 13.6%. Analysts give its shares three "buy/hold," ratings, 12 "holds," three "weak holds," and one "sell," according to a survey of analysts by S&P.

S&P has it "buy" rated with a $65 price target, which is a 13% premium to the current price. It's expected to earn $5.59 per share this year and $5.93 per share in 2013.

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