Q: Good morning.
I am considering purchasing CM for income and potential price and dividend growth. The Canadian banks seem quite safe and the yeild is attractive.
Your opinion and any other suggestions would be most appreciated.
Thanks.
I am considering purchasing CM for income and potential price and dividend growth. The Canadian banks seem quite safe and the yeild is attractive.
Your opinion and any other suggestions would be most appreciated.
Thanks.
5i Research Answer:
We would not have big concerns buying CM. It is priced very well, and the US banking crisis has made Canadian banks more attractive. No dividend is 100% safe but we think the dividend is fine and it has a good growth record. We can also suggest FTS, ENB, QSR.