Q: What is the current stock price per book value of the above 3 banks? The
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
- Royal Bank of Canada (RY)
- Toronto-Dominion Bank (The) (TD)
- Bank of Nova Scotia (The) (BNS)
- Laurentian Bank of Canada (LB)
Q: Hello,
I have been holding Laurentien Bank for a few years thinking it was 'cheap' as it was trading below book value. It's done terribly should I hold/sell any recommendations on an alternative holding for the long term.
I have been holding Laurentien Bank for a few years thinking it was 'cheap' as it was trading below book value. It's done terribly should I hold/sell any recommendations on an alternative holding for the long term.
Q: Hi,
In a previous question you responded:
" We would rank the banks: TD, RY, BNS"
Should I sell my BNS and swap for TD or RY? I've held it for years and basically just received the dividends.
Thanks
In a previous question you responded:
" We would rank the banks: TD, RY, BNS"
Should I sell my BNS and swap for TD or RY? I've held it for years and basically just received the dividends.
Thanks
- Royal Bank of Canada (RY)
- Toronto-Dominion Bank (The) (TD)
- Bank of Nova Scotia (The) (BNS)
- Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ)
- ECN Capital Corp. (ECN)
Q: I have about 29.3% of my portfolio in financials. Is this too much? I'm above water on all except BNS with FSZ about even if I include the dividend. Which would you suggest dropping if I'm too heavy in this area & in what order? Thanks,as always for your wonderful guidance
Dave
Dave
- Sangoma Technologies Corporation (STC)
- Photon Control Inc. (PHO)
- Toronto-Dominion Bank (The) (TD)
- Dollarama Inc. (DOL)
- Brookfield Renewable Partners L.P. (BEP.UN)
- Air Canada Voting and Variable Voting Shares (AC)
- CAE Inc. (CAE)
- Kinaxis Inc. (KXS)
- InterRent Real Estate Investment Trust (IIP.UN)
- Real Matters Inc. (REAL)
- WELL Health Technologies Corp. (WELL)
- Berkshire Hathaway Inc. (BRK.B)
- Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
- Boyd Group Services Inc. (BYD)
Q: Hi i5,
According to "Buffett Indicator", when it's in the 70% to 80% range, it is time to throw cash at the market. When it moves above 100%, it's time to lean toward risk-off. Now Market Cap to GDP Ration > 100% means stocks in bubble territory. Do you think Canadian stocks may also in bubble territory? If US in bear market, do you think the above Canadian stocks which I am holding can be survived? Perhaps, should we start to off load which may be in danger during the bear market into cash, or switch among balance or income portfolio. Any suggestion?
According to "Buffett Indicator", when it's in the 70% to 80% range, it is time to throw cash at the market. When it moves above 100%, it's time to lean toward risk-off. Now Market Cap to GDP Ration > 100% means stocks in bubble territory. Do you think Canadian stocks may also in bubble territory? If US in bear market, do you think the above Canadian stocks which I am holding can be survived? Perhaps, should we start to off load which may be in danger during the bear market into cash, or switch among balance or income portfolio. Any suggestion?
Q: If you had extra money to add to 1 of these stocks which would you choose and why?
Thx for great service.
Thx for great service.
Q: I have some cash to deploy in RRSP and wonder if now would be a good time to go a little overweight on these banks. The prices look good to me but are they really being undervalued or is the real impact of the pandemic on banks going to be bad.
- Toronto-Dominion Bank (The) (TD)
- Desjardins 1-5 year Laddered Canadian Government Bond Index ETF (DCG)
Q: I have done well on Decartes, thanks to you! I am thinking of selling some of it and buying TD as it has been down. Do you think this is a good trade, I am thinking technology sector may cool off and financial may rebound next year. As Decartes is still climbing, do you think it would be better to hold for continued growth. Thank you!
- Bank of America Corporation (BAC)
- Citigroup Inc. (C)
- JPMorgan Chase & Co. (JPM)
- Royal Bank of Canada (RY)
- Toronto-Dominion Bank (The) (TD)
- Bank Nova Scotia Halifax Pfd 3 (BNS)
Q: top 3 american, top 3 canadian, banks to invest in ?, and a reasonable projection and why, or do you not recommend banks at this time?
thanks
thanks
- Toronto-Dominion Bank (The) (TD)
- Manulife Financial Corporation (MFC)
- TC Energy Corporation (TRP)
- Canadian Pacific Kansas City Limited (CP)
- CGI Inc. Class A Subordinate Voting Shares (GIB.A)
- Fortis Inc. (FTS)
- Restaurant Brands International Inc. (QSR)
- Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Q: Dear 5i team:
Your software indicates our family’s investments are too Canadian-focused. However, I prefer our “home bias”, for three reasons:
(a) most of our assets are non-registered, and the dividend tax credit is especially favourable for Canadian source dividends in a province such as ours (Ontario);
(b) I like supporting the companies that I invest in (e.g., we buy Peller family wines, since we own their shares);
(c) but most important, many of the “Canadian” businesses we own are surprisingly international; among our top 20 equity holdings are:
Alimentation couche-tarde (Circle K is world-wide);
Brookfield Asset Management (globally focused company that invests wherever the opportunities are);
CGI Group (revenues are 84% outside Canada per 2019 annual report);
CP Rail (significant U.S. revenues);
Fortis (65% of earning are in U.S.);
Manulife (growing Asian revenues);
Restaurant Brands International (most of Burger King and Popeye’s restaurants are outside of Canada);
Shopify (not sure, but suspect international revenues are growing faster than Canadian revenues);
TC Energy (dropped “Canada” from its name to reflect its growing U.S. presence);
TD bank (substantial and growing U.S. presence);
Anyways, the above-listed 10 stocks represent about one-third of our overall equity holdings (in absolute $ terms), but I would not consider these companies as being “100% Canadian”. I wonder whether your software could be rejigged to reflect the relative percent earnings (or revenue) contributions, broken down per Canada, U.S., Europe, Asia, and so forth. I suspect our home “bias” is not nearly as substantial as it appears.
Ted
Your software indicates our family’s investments are too Canadian-focused. However, I prefer our “home bias”, for three reasons:
(a) most of our assets are non-registered, and the dividend tax credit is especially favourable for Canadian source dividends in a province such as ours (Ontario);
(b) I like supporting the companies that I invest in (e.g., we buy Peller family wines, since we own their shares);
(c) but most important, many of the “Canadian” businesses we own are surprisingly international; among our top 20 equity holdings are:
Alimentation couche-tarde (Circle K is world-wide);
Brookfield Asset Management (globally focused company that invests wherever the opportunities are);
CGI Group (revenues are 84% outside Canada per 2019 annual report);
CP Rail (significant U.S. revenues);
Fortis (65% of earning are in U.S.);
Manulife (growing Asian revenues);
Restaurant Brands International (most of Burger King and Popeye’s restaurants are outside of Canada);
Shopify (not sure, but suspect international revenues are growing faster than Canadian revenues);
TC Energy (dropped “Canada” from its name to reflect its growing U.S. presence);
TD bank (substantial and growing U.S. presence);
Anyways, the above-listed 10 stocks represent about one-third of our overall equity holdings (in absolute $ terms), but I would not consider these companies as being “100% Canadian”. I wonder whether your software could be rejigged to reflect the relative percent earnings (or revenue) contributions, broken down per Canada, U.S., Europe, Asia, and so forth. I suspect our home “bias” is not nearly as substantial as it appears.
Ted
- Toronto-Dominion Bank (The) (TD)
- BCE Inc. (BCE)
- Enbridge Inc. (ENB)
- Pembina Pipeline Corporation (PPL)
- Brookfield Renewable Partners L.P. (BEP.UN)
- Inter Pipeline Ltd. (IPL)
- Keyera Corp. (KEY)
- Algonquin Power & Utilities Corp. (AQN)
- Alaris Equity Partners Income Trust (AD.UN)
- Polaris Renewable Energy Inc. (PIF)
- Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ)
- Shaw Communications Inc. (SJR.A)
Q: Please rate the above for the following criteria (best first):
Safety, valuation, dividend sustainability,long term strength,
thanks
Safety, valuation, dividend sustainability,long term strength,
thanks
Q: Good Morning peter & Team
High trading volume today and it's been treading water since March with lower highs and lower lows for the past month. Any explanation for the high volume and what do you think about TD moving forward?
Thanks for all you do
gm
High trading volume today and it's been treading water since March with lower highs and lower lows for the past month. Any explanation for the high volume and what do you think about TD moving forward?
Thanks for all you do
gm
Q: Is this a good time to be investing in banks? Any preference between TD and Royal?
Q: if I want to received dividend in US , will it be advisable to buy co. like Enb. in U$., or other dual listing companies, like RY,TD. or will it be better to simply buy equivalent US listed Co. instead. Thank you as always.
- Toronto-Dominion Bank (The) (TD)
- BMO Equal Weight Utilities Index ETF (ZUT)
- BMO Mid-Term US IG Corporate Bond Index ETF (ZIC)
- iShares Core Canadian Universe Bond Index ETF (XBB)
- PIMCO Monthly Income Fund (Canada) Series A (PMO005)
Q: My husband and I are in our mid 60's and were hoping to retire in the next 2-3 yrs (however we may need to postpone depending on how 2020/2021 goes). At the moment our asset allocation is 67% equities and 33% fixed income and we feel we need to shift toward fixed income.
2 questions:
1. Undercurrent conditions, would you suggest a 60/40 split,a 50/50 split or do nothing for next 6 months?
2. If it make sense to make some adjustments now, which of the following fixed assets would you add to and which equities would you recommend trimming: current fixed positions are 10% each in XBB, PMO005, ZIC; equities over 5% are TD(6%), ZUT(8%) and XIC (7%).
2 questions:
1. Undercurrent conditions, would you suggest a 60/40 split,a 50/50 split or do nothing for next 6 months?
2. If it make sense to make some adjustments now, which of the following fixed assets would you add to and which equities would you recommend trimming: current fixed positions are 10% each in XBB, PMO005, ZIC; equities over 5% are TD(6%), ZUT(8%) and XIC (7%).
Q: Hi 5i:
I am presently underweight Canadian financials with 8%
in TD across several RIFs. What financial would you recommend to bring me closer to TMX financial weighting. My portfolio is balanced otherwise. Thank you -
Tom
I am presently underweight Canadian financials with 8%
in TD across several RIFs. What financial would you recommend to bring me closer to TMX financial weighting. My portfolio is balanced otherwise. Thank you -
Tom
- Royal Bank of Canada (RY)
- Toronto-Dominion Bank (The) (TD)
- Bank of Nova Scotia (The) (BNS)
- Bank of Montreal (BMO)
Q: What are your thoughts on selling these two bank stocks I am about 25% down on both going on three years , thinking of buying Td or Ry.
Larry
Larry
- Toronto-Dominion Bank (The) (TD)
- Enbridge Inc. (ENB)
- TELUS Corporation (T)
- Brookfield Renewable Partners L.P. (BEP.UN)
- Alimentation Couche-Tard Inc. (ATD.A)
Q: Hi, folks
What would be 2-3 picks to help diversify this portfolio?
Thanks,
Robert
What would be 2-3 picks to help diversify this portfolio?
Thanks,
Robert
Q: I have ry and bns cm. I am thinking of selling cm and buy td instead. What are your thoughts for 3 yrs .
Thank you for your guidance as always!
Thank you for your guidance as always!
- JPMorgan Chase & Co. (JPM)
- Visa Inc. (V)
- Toronto-Dominion Bank (The) (TD)
- Bank of Nova Scotia (The) (BNS)
Q: I am looking to add one financial stock to me RRSP portfolio. I currently have TD as the lone finance company. I also have BNS , TD, BAM.A and VISA in other portfolios. Can you give me some names - US and CDN - that I can take into consideration. Preferably those with a safe, good and growing dividend. Your comments are greatly appreciated.
Thanks
Thanks