Equity analyst Steve Boland, managing director of diversified financials at Raymond James, said the meltdowns at Silicon Valley Bank and Signature Bank in the U.S. have highlighted the relative stability of Canadian banks, and investors should take note.
Allan Small, senior investment advisor at Allan Small Financial Group, said the Canadian bank stock selloff shouldn’t be a deterrent because it’s happening “for the wrong reasons,” in reaction to a bank crisis in the U.S. he considers unlikely to spread north.John Zechner, chairman at J. Zechner Associates, agreed that Canadian banks remain generally stable investment choices. But he noted that Canadian banks eyeing expansion into the U.S. are risker options right now.
Zechner said big, U.S. money centre banks have a more diverse, insured deposit base, similar to banks in Canada, and they have benefited from panicked regional bank customers in the U.S. scrambling to move their money elsewhere, making for a more attractive investment.
Disagree. The subprime mortgage lending housing crisis in CANADA will bring the banks down. All it’s going to take is RISE of UNEMPLOYMENT
No not really. I'm shorting the Bank Stocks.
Yes, Canadian Bank are good but TD and BMO have greater exposure to US.
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