This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

4 Rock-Ribbed Canadian Bank Stocks

2. The Bank of Nova Scotia (BNS)

Company profile: "Scotiabank," is the third-largest bank in Canada, with a market value of $58 billion.

Dividend Yield: 4.2%

Investor takeaway: Its shares are up 5.6% this year, have a three-year, average annual return of 14%, and a 10-year return of 15.7%. Analysts give its shares seven "buy" ratings, six "buy/holds," four "holds" and one "weak hold," according to a survey of analysts by S&P.

Analysts' consensus estimate is for earnings of $4.68 per share this year, and grow by 7% to $5.03 per share next year. S&P has its shares "buy" rated with a $60 price target, which is a 20% premium to the current price.

1. Toronto-Dominion Bank (TD)

Company profile: TD bank, with a market value of $71 billion, is the second-largest Canadian bank. Its second quarter revenue was up 11.5% year-over-year, to an all-time quarterly high.

Dividend Yield: 3.6%

Investor takeaway: Its shares are up 8.5% this year, have a three-year, average annual return of 17% and a 10-year annualized return of 16.3%.

Analysts give its shares six "buy" ratings, nine "buy/holds," two "holds," and one "sell," according to a survey of analysts by S&P.

S&P has it rated "buy," with an $85 price target, which is a 7.5% premium to the current price. It's expected to earn $7.25 per share this year, up 12% from the $6.45 per share of last year.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs