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Bank of Nova Scotia (The) (BNS $105.06)
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Canadian Imperial Bank Of Commerce (CM $141.84)
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National Bank of Canada (NA $192.41)
Q: I would like to sell one of these bank stocks. In what order would you sell? Are there any of the Cdn banks that you feel are over priced or have less upside potential? Thanks for your exceptional service.
5i Research Answer:
Our sell order would be: NA, CM, BNS. We think the sector is OK. RY always gets a premium for its larger size and safety, but it is now 15x, which is certainly on the high side of history.