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Royal Bank of Canada (RY $183.87)
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Toronto-Dominion Bank (The) (TD $100.78)
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Bank of Nova Scotia (The) (BNS $77.30)
Q: I own all three in my RRSP in equal position. Outside of my RRSP, I have large exposure to the US markets (>50%).
I'm thinking on consolidating banks by selling RY & TD to buy BNS. BNS is up from its previous lows but looks to be trading at reasonable multiplies.
Thoughts?
I'm thinking on consolidating banks by selling RY & TD to buy BNS. BNS is up from its previous lows but looks to be trading at reasonable multiplies.
Thoughts?