The WORST 2 Bank investments in Canada: 20 Years of Failure

[@beaviswealth]

📈📚 Join The Investing Academy ➤ bit.ly/theinvestingacademy Well all invest in the Canadian banks, either by owning stocks, ETFs, of through our pension plans and even the CPP. You'll be surprised out how poorly two of the big banks have done in comparison to the others. Enjoy the video.

[@redwater4778]

I bank BNS. I read news about BNS. In the 80s they opened branches in the Caymans. Then they closed them claiming to have lost 250 million. They have undergone similar banking ventures overseas, away from watchdogs. With similar results. now it's billions though. The question is, did they lose the money or skim it ?

[@BigGroupHug]

hello @brandonbeavisinvesting I'm looking at the TD Q12023 report and I see 75.5% of mortgages uninsured.

[@be-i-ng]

keeping in mind the risks of this economy, how does a single account holder protect their account without making it joint if they are to get maximum CDIC insurance spread over different accounts, in the same institution, by keeping their account separate - is there a right of survivor ship type form for GIC's and current, savings accounts?

[@maxpayne7419]

As a former customer of CIBC, their poor performance makes perfect sense. They are absolutely terrible.

[@devinbyrnes8058]

The Latin America helped BNS during the 2008 recession. Their share price was deeply discounted because people thought Latin America would be hard hit, but they weathered it best. That was a great pick up back then. BNS often goes on “sale”, so you can buy it and when it goes back up you can sell and rebalance your portfolio again (ETF’S).

[@beaviswealth]

Hey Devin. Appreciate the comment and for you sharing your thoughts. - Marc

[@galomolinafont]

9:05 a tiny correction the 4% you said was just for the Caribbean and Central America. At the same time, the pacific alliance stands for Mexico, Colombia, Chile, and Peru, which stands at 22% without taking into account the "other" category in total, 26% of their income is derived from the Latin American market, which is a sizable chunk and more significant than the 8% of the USA.

[@amerafzal8950]

Like many other comments, I agree it all depends on your investment strategy. At the moment, both CM & BNS have highest div yields and lowest PEs . Attractive entry point !

[@tc5991]

Over the years, buying Canadian banks when their dividends are over 5-6% and trimming your size when they are below 3-3.25% has been a good process for me. Then reloading to full size when back at 5-6% regardless of which bank one picks.

[@beaviswealth]

Really glad that strategy has worked out for you. If I have the time I'd love to actually back test that and see how it looks. A take on the dogs of the dow strategy perhaps? Thanks for sharing - Marc

[@leswhynin913]

I've done something similar. Buying low and then taking profits when the Canadian banks rise to their intrinsic value or above is a good strategy because they generally operate in a limited size domestic market (some exceptions with international growth)

[@jasonstupak4535]

Watched and liked, thanks Marc! I've worked with all the major banks, and the only one that wouldn't help us with business financing is CIBC. Many years later, our business is doing extremely well, and I haven't forgotten how CIBC treated us. RBC Royal Bank has been the best for us.

[@beaviswealth]

Interesting story, Jason. I've heard that over and over, and have gone through similar experiences myself over the years. Some short term decisions have long term consequences, right? Thanks for watching, as always. - Marc

[@shahier81]

Both of these banks actually pay higher dividend as well compared to other banks. That is the reason why I have them along with ENB. Price appreciation or depreciation does not really matter as long as I keep getting the dividends. Having a higher dividend payout also affects the share price as well as a lot of it is paid out in dividends. I guess it really depends what you are looking for higher returns or higher dividend payout

[@beaviswealth]

Thanks for watching and commenting. I think we'll have to disagree a bit on this, but I respect your input. I'm not in the camp that says capital depreciation isn't an issue, especially over a longer time period. Total return is what matters at the end of the day, IMO. I'll also add that a higher dividend doesn't directly affect the share price in a negative way as you suggest. Dividends are paid out of earnings, not share price. In fact, often share prices are driven up because investors are attracted to a high dividend. All that said, I appreciate you taking the time to comment and for watching the video. - Marc

[@EvanD787]

Agree with you man my 3 fav Canadian div stocks, Cibc, Bank of Nova Scotia and Enbridge

[@AceVenturaXii]

I really love these videos where mark breaks down these complicated topics. I truly look forward to them.

[@beaviswealth]

Always nice to see your comment and thanks for taking the time. - Marc

[@checkacola]

scotia bank has high dividends though, if you hold scotia bank for dividends it a sweet stock. Just don't expect to buy for 60 and sell for 120. TD and RBC are going to get slashed, even TD holds a lot of scotia bank shares

[@michaelairey59]

Next level financial analysis. Well done. By the way, my dad is from Powell River. He moved out east in the late 60’s. We used to visit every summer when I was growing up (circa 1980-1993), to visit my grandparents. It’s got a place in my heart.

[@beaviswealth]

Very cool Michael. I know some people with youngsters do come up and visit every summer. Hoping that we'll be able to repeat this with our grandchildren as the years go by. Thanks for watching and for sharing your story. - Marc

[@currypablo]

BNS has definitely underperformed against its peers....However, I bought 300 shares of BNS @ $55/share during the pandemic. Still up 18% on my BNS shares to this day. BNS also pays a hearty dividend, which boosts my yield.

[@beaviswealth]

Thanks for watching, Hardeep. - Marc

[@jean-marcfiliatrault266]

If over a 20-year period, a given stock underperforms its peers, as can be viewed on Morningstar, then buying such a stock, namely BNS, is more about what Buffett calls “stock picking” as opposed to “business picking”. Unless you know something fundamental has changed, such as a change in strategy AND change in management that will transform the company from a laggard to a winner. I haven’t heard any such thing for either BNS or CM. As for BN, it’s president for a long time was Louis Vachon. He changed completely the orientation of his bank. It used to be mainly (only?) a Québécois bank in many respect. It opened up on many fronts, including and more importantly on the hiring side… It showed with the best stock performance for any Canadian bank over the last 10 years+. Unfortunately, the guy retired last year. Will BN’s performance continue or, as some could say, revert to some kind of mean? Only time will tell.

[@lawrencewright2816]

Maybe because they are underperforming it means it’s time to buy them.

[@jamesbainton]

I never could figure out everyone's fascination with BNS, even when you show them the data. I had a similar thread on Twitter where everyone just assumes that BNS & CM are magically going to catch up. Team TD, RY, BMO & NA here.

[@beaviswealth]

Sounds great, James. Honestly, I do find it perplexing that these two have underperformed by such a wide margin, but that's where we're at. We'll check back in 2043 and see what's transpired. 🙂 - Marc

[@jamesbainton]

@@beaviswealth Yes, and it is just about every single metric for these two.

[@cooldude5058]

With CM and BNS, you have to time the market. They are not buy and hold stocks. You have to buy low and sell high and re-balance with BNS and CM as they under perform during bad times. I think currently both BNS and CM have good entry point, enjoy dividend while waiting for for them to appreciate when the interest rates go lower.

[@diverse_insightt.o6499]

I feel like it would look a lot different if you include dividends in total returns & Cibc only really fell off half way through 2022

[@beaviswealth]

Hi. The numbers I used in this video are total return, so they do include dividends. Totally agree that in any evaluation like this, you have to include income flow. thanks for watching!. - Marc

[@diverse_insightt.o6499]

@@beaviswealth Thanks for clarifying that for me Marc, honestly I can’t bring my self to buy TD stock because of the horrible experiences I’ve had with them they really don’t care about customers and I personally feel that can only get you so far, I talk with a lot of my friends who also have the same opinions, they other thing is their commission for stock trading is absurd I still have an account their with my investments but since 2020 I’ve started adding to Wealthsimple I know have more money in W.S then TD because as a younger investor I put 750 a week into the market and I realize by the end of the year my commission was almost equal to 1 weeks investment. I do have an easy trade account but I find it very frustrating that I can’t by VFV or ZQQ or XIC only td’s in house etf with 0 liquidity

[@cooldude5058]

@@diverse_insightt.o6499 Try National bank brokerage, good service and no commission. I transferred my accounts and am quite happy with the move. Wealthsimple is good too but their reporting is very limited. Also, for buying US stocks is not straightforward.

[@yugkataria980]

The stock reflects their service as compared to TD and RBC. Visit any of the branches and see the difference yourself.

[@jonisousa-guthrie3121]

This is exactly what I needed. Thank you Marc. I hope you will be offering future videos on investing in your 50s and 60s.

[@beaviswealth]

Hi Joni. Thanks for watching and for your suggestion. I can assure you plans are in the works to do exactly that. Please stay tuned. - Marc

[@mattgraham6223]

Please explain how you arrived at the 3.11% payout ratio for national bank.

[@themusic6808]

When it comes to banks you have to look at the size, scale and overall capacity in which they operate. TD and RBC are both recognized as global systemically important banks with massive positions in other large markets. Both have 150 plus years of operational history, successful mergers and acquisitions throughout, and TD is set to become the 6th largest bank in the US if they close on buying First Horizon bank. Not to say Scotia, BMO, or CIBC aren’t good in investment portfolios, but they’re probably not going to see the same level of growth as the first two.

[@davidandrews8007]

You would think there are good bank takeover deals in the U.S.

[@bmpinvesting7064]

This type of content is great, thanks for this excellent analysis and comparison Mark. Reassured and reinforced some of my own research. I recently bought some shares of Scotia around $64 a share as sort of a recovery/dividend play recognizing they have generally performed worse in recession conditions than their peers and their price started to reflect that. I think as rates ease this price has more room to run than some of the other banks at their current valuations, even despite weaker performance. exciting year ahead, please keep these vids coming!

[@beaviswealth]

Thanks for your comment. I agree, BNS is one of the more aggressive Canadian banks, and that implies some upside potential. At the end of the day it comes down to execution, and hopefully they'll get that job done. Cheers. - Marc

[@derekcox6531]

I hold Royal,td,and national. I don’t see a reason to abandon any of those anytime soon. My concern about Scotia is that they seem to not have a solid direction. On one hand I get the “potential” that exists in central and South America. BUT does the potential outweigh the political risk? In my estimation it does not. Not by a long shot! If anything,I see a lot of these countries swinging hard left to a less free market economy,and that’s not good for a banking institution. Great episode Marc!👍👍👍

[@beaviswealth]

Thanks for weighing in, Derek, as always. Great comment. - Marc

[@shannonbarthelette4749]

I remember the melt down in south America loans by cibc in the 80s. I worked there. Sorry no raises that year...

[@cszulu2000]

When you say compounded, do you mean that if you invest in them, you get 13% averaged out?

[@sunnybizz4857]

You're talking about individual banks stock? Do you see the same results with cibc's mutual funds and rrsp's?

[@Fred-gu4of]

I still think that scotia bank is a good buy due to the recent crash that they had

[@beaviswealth]

Fair enough, Fred. I'm puzzled as to why it's trailed so badly, but hopefully they can turn the ship around. Thanks for watching. - Marc

[@mikeafane7332]

Hey Brandon ! I’m an international student, and it’s time for me to choose a bank account and i hesitate between RBC, NBC and CIBC, do you have some advices ?

[@truecanadian1616]

What will be the real impact of RBC purchasing the Canadian arm of one of the most corrupt banks in the world, HSBC ???

[@andrewsharpe7630]

Great video, I learned things about the Canadian banks and BNS in particular that I did not know before. My largest holding is BNS; it was the first stock I ever bought and I bought it for the dividend. If I knew then what I know now about valuing businesses (2 years later) I probably wouldn't have bought BNS but RY/TD instead (or I would've bought more EQB!). I don't regret my choice though. After all, I have a 20-30 year time-frame and in 5-10 years I'll likely have so much more money contributed to my portfolio and placed in other/"better" companies that BNS will just be a small reminder of what chasing dividends over fundamentals look like.

[@MegsCarpentry-lovedogs]

Really good comment👍

[@beaviswealth]

Awesome, Andrew. Thanks for sharing your logic, and all the best as you move down this investing path. - Marc

[@nocucksinkekistan7321]

Learn to read instead of watching and you might do better

[@paulbelisle7213]

You have also mentioned that past performance is not necessarily a reflection of future performance.

[@andvfx]

Thanks, great video! I own TD and CM. I start owning CM because I was only checking largest dividend at the beginning. I start adding TD when I saw that CM was underperforming long term. TD is a bigger position than CM, however I added to CM just yesterday.

[@beaviswealth]

Thanks for your comment, Eloi. Interesting insight. Hope it all works out for each of these companies as time goes by. - Marc

[@jayr8134]

Awesome analysis Marc! Personally I bank with Scotia, mostly because they were one of the only banks that provided banking facilities for international students. So, there's that deep rooted loyalty that persuaded me into still being with them. However, I invest in TD bank (for over a year) and you guys had an impact in influencing me to go for TD for sure.

[@beaviswealth]

Thanks for sharing, Jay. I'm sure from a banking perspective, BNS is on par with the others, so that's awesome for you. Thanks for your comment. - Marc

[@noway742]

How about this from this bank.... kzbin.info/www/bejne/bZy9d4eaaquDZ80

[@marlanatomagan3380]

Ever since TD has rolled out their plans for going fully digital, how are their stocks doing now? 😅😅

[@arshS27]

What a content ! Wow . Can we have also something like this on telecom sector and may be insurance sector ?

[@beaviswealth]

Thanks so much. I appreciate your suggestion, and will add it to the list of possible topics for a future video. - Marc

[@davidouellette6833]

How much is covered bye derivatives

[@pwong0227]

As a retiree, I hold HCAL for monthly distribution. I quit owning individual bank stocks. Great video .

[@beaviswealth]

Sounds good, Peter. No problem with your strategy, for sure. - Marc

[@kdk200]

Just buy an etf like Zeb. Or be safer and get vdy which is basically half banks anyway

[@beaviswealth]

Thanks for sharing your thoughts. In case you haven't seen it, I did a video based on owning individual bank stocks or bank ETFS. I'm sure you'll enjoy watching it. Cheers. - Marc kzbin.info/www/bejne/iaKuh3qlqKqXn7c

[@peteryouwakim1425]

I noticed the new editing. This channel is growing! Good Job!

[@beaviswealth]

Thanks, Peter. I appreciate the feedback. - Marc

[@beamman3000]

Excellent and timely topic. It has given me more to use in evaluating the banks. Also second a comment about looking at the smaller banks, ie. EQB. Thanks!

[@beaviswealth]

Thanks, Mark. Appreciate your comment suggestion. - Marc

[@mostafamoghaddam8012]

I pay interest to CIBC by myself for the past ten years $140000 interest for $70000 How could they could be having bad preferences

[@sandeepketham]

great Video.. did you included Dividends in your calculation

[@beaviswealth]

Yes I did 👍

[@dough5611]

I am not sure if Mark has factored in the dividend reinvestment. As CM and BNS paid out more dividend and left less for reinvesting to the bank, thus, on surface, the chart may shown CM and BNS are underperformed. If one reinvesting the dividend back, the total performance may be similar. Thoughts?

[@beaviswealth]

Hi Doug. The returns in these illustrations are based on total returns, not just price return, yes. Hope that answers your question and thanks for watching. - Marc

[@renzenker2526]

What about performance charts that includes dividends over time?

[@beaviswealth]

Hi Ren. The charts I used in this video do include dividend distributions. They are total return. Cheers. - Marc

[@vyompatel4517]

Any tips on how one should approach the BAM-A.TO split into two separate stocks?

[@beaviswealth]

I've noticed a few questions like that.... will put that topic on the list of possible videos to create. Thanks for your suggestion. 👍 - Marc

[@mattduprau2028]

@@beaviswealth Hey Marc, this has been a big topic of discussion on blossom and in the yahoo comments under both tickers (BAM, BN). A video would be well received from those still confused about the split and difference between BAM and BN.

[@Mechone11]

Thanks Mark could not understand why BNS was going down when others were going up . I own TD ,BMO, and BNS. Bought a lot of BMO in 2008 crash at 25.00 one of my best stocks .Bought BNS at covid downturn ,now trading close to downturn

[@beaviswealth]

Thanks for sharing your holdings, Chris. Interesting sector for sure - Marc

[@TheMetamucil]

Great Video!!! It open my eyes on my BNS investment!!! I was considering buying more shares... but the long term chart change my mind on the fact that the underperformance is not gonna be temporary.

[@beaviswealth]

Thanks for watching and commenting. I find this interesting, and we'll see how it plays out. Hopefully these two companies can play catch up and get back into the groove. - Marc

[@chowdavarapusandeep6296]

Great analysis. I own bns, Ry and zeb(etf). When I compared ry and bns, I always wondered why bns is taking more hit than ry on a bad day. Thought to increase my stake in bns slowly, I will hold my current stake in bns and will look into td or ry or zeb. Thanks for the video

[@beaviswealth]

Thanks for watching and for commenting. All the best. - Marc

[@roberttaylor3594]

how about a show on the other banks besides the big 5?

[@beaviswealth]

I'll add that to the list, Robert. My forte is the bigs, cause that's where my money is, but I can always have a closer look at the competition as well. You never know. - Marc

[@davdride4850]

This is great info. About cdn banks

[@beaviswealth]

Thanks so much. - Marc

[@haidanwang8847]

Did you count the dividend in your chart?

[@beaviswealth]

Hello. Yes, the dividends were included for a total return number. Thanks for asking. - Marc

[@haidanwang8847]

@@beaviswealth Thank you!

[@commonsenserevolutionx1053]

A former CIBC employee retired after 40 years. Believe me when I say the first 20 years it was a fine, reputable, honest institution, with very happy customers. Last 20 years of my employment subsequent to retirement were very unhappy years. A decline in morale, customer focus and just sound business practice. Leadership a leading factor in failure. John Hunkin, I thought could never be outdone as an incompetent boob, but Victor Dodig has clearly outdone him. The CIBC focus is profit..not sound practice, not customer centric focus, not growth in business, certainly. The failure of leadership has taken a once proud institution, to the bottom of Canada’s banking pack and “ successfully” kept it there for at least 15 years.

[@advenvilla]

Back at it again with an amazing video! Thank you!

[@beaviswealth]

Thanks, Adven. Appreciate the support! - Marc

[@raphaelcouture7722]

I'm 20 and new on the stock market. Yet i have 7k invested mostly in an s&p500 canadian fund(vfv) and i'm planning to invest around 1500 each month. In your opinion, should i stick with s&p500 or switch to canadian banks like td/rbc/ry if i'm planning to keep adding for the next 15/20 years for a better performance (dividends+growth)? Thank you

[@XInfinity2024]

Good information. I am not a fan of the different camera size that you change to though out the video.

[@beaviswealth]

Thanks for watching, commenting and for your feedback. Appreciated. - Marc

[@rossmacdonald3880]

Great overview & insights Mark, much appreciated. 👍🍻

[@beaviswealth]

Thanks, Ross. Cheers. - Marc

[@johnmailey943]

AQN a good buy now Marc???

[@beaviswealth]

Hey John. For some, yes, for others no. Would need a fairly high tolerance for risk and a reasonable investment horizon. It's one of those high-risk high-opportunities right now. - Marc

[@daviddowling6376]

Scotia Bank started doing great right after you did this video. Can I give you a list of other stocks you can talk down. Just let me buy them first ha ha ha.

[@alexschiller3967]

Love these more advanced video, thanks!

[@beaviswealth]

Thanks, Alex. Appreciate that, and ya, more to come. - Marc

[@frankvonfrauner]

CIBC got the Costco credit card contract, they did at least one thing right.

[@turbofanlover]

Excellent vid, Marc. Thanks.

[@beaviswealth]

Thanks a ton. Hope you're well. - Marc

[@josephdewuhan]

You just need to have had accounts in these banks to know. I started with accounts in ICBC, quit it a few years later. Then with BNS and still with it due to historical reasons, so bad with my experience with them. I slowly switched most business with TD which is much better.

[@jessehamlin3420]

BNS and CIBC are clearly value traps. I own TD, RBC, NA, BMO and some EQB as well for growth.

[@beaviswealth]

Thanks for sharing Jesse. All good. - Marc

[@tomliu3594]

The root problem is capital market turnover are very bad

[@mantiqueirasmg6484]

Great analyse, brazilian investors also prefer canadian bank, the big 5, tks, from brasil

[@erictremblay9567]

Thanks Marc always good content

[@beaviswealth]

Thanks Eric. 👍 - Marc

[@sarthakuchiha]

Would have been nice to see their performance over last 5-10-20 years when taking dividend reinvesting into account as bns does pay out larger dividends.

[@beaviswealth]

Hi. The numbers I use in this video do include dividends. I used the total returns to be as equitable as possible with the results. Thanks for watching and commenting. - Marc

[@Ian-of9oi]

As a dividend investor I would have liked to see the dividends included. Can’t ignore dividends when talking about Canadian bank stocks.

[@beaviswealth]

Hi Ian. The dividends were included. 👍

[@pleum21]

What website I can use to look at total return ?

[@beaviswealth]

I use Koyfin for the most part, but I'm sure many sites will allow this. It might be toggle between something like 'include dividends', or something like that, depending on the site. With Koyfin, it's Price Return or Total Return, which then includes dividends. - Marc

[@SerenityTales2]

I learned a lot. Thanks !😊

[@beaviswealth]

You're welcome, thank you. - Marc

[@christopherbasham2179]

I bought NA at the turn of the century for 17 dollars. After my initial purchase I have been adding every since. However, one would consider the purchase of NA to be a speculative move. its value along with BMO has given me great returns. Nevertheless, I do hold stocks in all canadian banks except RBC .

[@beaviswealth]

Awesome, Christopher. NA over the past 20 years has been a winner. As you say, all of the banks have given good returns over that time, some more than others. That's the way it goes, right? Glad you've benefitted from the space. Cheers. - Marc

[@shannonbarthelette4749]

Can u 3xplain the cibc stock split last year?

[@beaviswealth]

Do you mean what is a stock split, or why did CIBC split? - Marc

[@shannonbarthelette4749]

@Brandon Beavis Investing I mean I know what a stock split is but why did cibc decide to split their stock last year? I think I had shares at about 89 a share and after the stock split I has double the shares at about 60 a share. I am wondering the rational for that? What it to make their stock look cheaper than the other banks? What other reasons would a bank chose to do a share split?

[@beaviswealth]

Hi Shannon. Other than the normal reasons companies occasionally split shares, I'm not aware of any overriding reasons for this most recent CM split. Good old fashioned liquidity logic, I'm sure. Interesting, and not related, I'm sure, was the sharp drop in share price shortly after the split. Coincidence, most likely, but it does muddy the waters. The price did drop to that $60 range post-split, which is what you were seeing. - Marc

[@MurrMan23]

I would say only since 2022 started, had CIBC drastically underperformed. It used to be a strong investment a few years ago.

[@beaviswealth]

Hi Murr. I'd love to agree with you, but if you look on a calendar year basis, CM has performed mediocre at best, and nearer the bottom of the pile on a number of occasions. Its last 'winning' year was back in 2006, so that's quite a while. But like I point out in the video, even if it had been the only Canadian bank you'd owned, you still would have made some good money, just not as much as the other banks. Really appreciate you watching and taking the time to comment. Cheers. - Marc

[@cooldude5058]

CIBC has very high exposure to Canadian residential real estate, one of the reason for their under performance in 2022-23.

[@florendogomezcasuga7043]

I like CM and BNS as a dividend kings. TD, NA, and RBC are really good.

[@beaviswealth]

Thanks for sharing your strategy, Florendo. Cheers. - Marc

[@reggie2261]

Why buy bank stock ? For dividends. Yes

[@CanuckDividends]

Good video and recap of the big banks. I always thought that BNS was a good choice, now I will have to reconsider and do more research on my own. Good info to chew on and ponder

[@beaviswealth]

Awesome. Thanks for always supporting the channel and I appreciate your comments. Cheers. - Marc

[@CrazyRedneck007]

BNS is a good choice, if you bought everything these guys suggested you'd be down massive on alibaba, tencent, and many others. Don't look at the past for the future

[@CanuckDividends]

@Dolfrat I didn't say that $BNS was a bad choice. it just needs a better look into the stock. I always do my own research and don't blindly follow one piece of advice.

[@beaviswealth]

It would be nuts if someone bought everything we've covered on this channel, which ranges from ultra-conservative to significantly aggressive, and everything in between. And for the record, this video didn't suggest anybody buy, or not buy, BNS. It just addressed the chronic underperformance of this stock and discussed some of the possible reasons. I also noted I own the two largest Canadian banks personally and shared some of my logic. You do what's right for you. - Marc

[@oldtechie6834]

I hold all large Canadian banks and NA is not large enough for me. I take dividends over capital gains.😃

[@abha801]

Thank you Marc 🙂

[@smartfunds1]

All of them are garbage investments except dividends which is nuts as well.

[@Backtoreality1873]

Thanks Mark - For what its worth I'm heavy into four of the big CA banks and have been since I started investing in Canada. I have a lot of CM & BNS and this made me think a bit. As an investor focussed on building an income portfolio I can one day live off of I'm seeing my own yields above 7% on these banks. If I wasn't on this path I'd be thinking twice about buying these but they provide a reliable 'safe' path for me to be financially independent. All in growth investors should probably take a different tack.

[@beaviswealth]

Hey Jason. Thanks for sharing your strategy and thoughts. Totally agree that everyone needs to determine what's right for them, and hopefully they follow a good path. All the best, and thanks for watching. - Marc

[@shaunsmith3625]

I own all 5 ever quarter I get 13 shares repurchased on the drip. Probably canadas strongest sector.

[@MountainFinance]

Some great analysis Marc ;-)

[@beaviswealth]

Thanks! Hope all is well. - Marc

[@winnjc9154]

I believe all CDN banks are worth investing in.. They seem to work in cycles..

[@nickiv.o.1215]

Thanks! Still pertinent.

[@juanlira7877]

Great analysis!

[@beaviswealth]

Thanks, Juan. - Marc

[@newbeetle98]

Is dividend included return (total return) same as return with dividend reinvested?

[@beaviswealth]

Great question. They are different. When the company pays a dividend, it can be reinvested in more shares of the same company or elsewhere. Depending upon which investment was made with each dividend, the end result would be different. But the basic 'total return' vs 'price return' calculation excludes dividends (or distributions) in the former, and includes them in the latter. Hope that helps. FYI, give your question, you might be interested in this video: kzbin.info/www/bejne/b4G8Yn9jZ7WYrsU Thanks for watching. - Marc

[@falsejaguar]

Yeah, they have underperformed. I'm buying both at these low prices though. I could easily be wrong though and ya history literally shows us where we are and where we've been, but not where we're going. Scotia has places to grow at least. We will see.

[@beaviswealth]

HI Tylerre. I hope you're right, and I'd love to see these two banks get their numbers up to be more competitive in the space. As you say, we will see. Thanks for watching. - Marc

[@Rob-ob3sh]

Great video Mark. Not too long and a good break down. TD is the bank I own and based on recent numbers BMO has done great and would rather hold them over RBC.

[@beaviswealth]

Awesome, Rob. Thanks for commenting. - Marc

[@travisloewen6191]

Great video Mark. I recently took a small position in BNS, largely because of the juicy dividend. You have me second-guessing myself now, lol. Looking at that yearly chart you posted early in the video, I'm now curious what average returns would be if you bought specifically during those bad years over the long haul. I'll have to do a bit of research myself now. Thanks for the homework! 😂

[@beaviswealth]

Hey Travis. Thanks for sharing your thoughts. I agree that your proposed analysis would be interesting. All the best - Marc

[@SatyaThatyaMithya]

Thank you.

[@ramican9155]

Good one!!!

[@beaviswealth]

Thanks!! - Marc

[@JorgePerez-hf3nv]

Wrong!!! ScotiaBank is probably the most solid bank for a simple reason: Latinoamérica is 50% is extremely profitable and there is not stoke market that impacts anything … that is the problem with the analysis that is done by a person that is located in north America and has no real clue on how Latin America works. Open the eyes and look deeper pretty sure you will learn something else …in other words some people are ignorant but they do not know :).

[@marcelmed4574]

Bank of Nova Scotia is pure garbage, they have fallen behind other banks. Old technology and from my personal experience terrible customer service. Find another bank

[@beaviswealth]

Hey Marcel. Thanks for adding your thoughts. - Marc

[@roberttaylor3594]

I've noticed that CIBC is a laggard. I bought them right after the covid fall because they fell the most so were the 'best deal' to me. But I switched it to BMO in may 2021 or so.That worked out from me, luckily. Think I should have some TD or RY...but I guess I do in some ETFs and split funds! For a while I had Canadian western bank and that did okay, but I sold it at some point that had something to do with Alberta and oil...

[@Rory-p1l]

Great content guys :) I do own a bit of CM, but also RY and TD. I'm looking to add to RY and TD in the near future.

[@beaviswealth]

Thanks for watching and commenting. 👍- Marc

[@cpavs8304]

I’ve lost so much money with Scotia bank with my investments.. it’s been terrifying

[@ricgunn1439]

I don't need to be told BNS is the under achiever as I've had it 20years. Still well ahead on it. Glad I've got all 5.😀.

[@themickles]

kinda funny that those are the 2 banks I bank with. Maybe its better for the customers but not for the investors

[@beaviswealth]

That's a coincidence, huh? Too funny. From the consumer perspective, glad they're treating you well. Cheers. - Marc

[@mahirhaque1801]

I like this video. It gave me a new perspective.

[@philbarrett2878]

Thanks for the video Marc, very informative. Have you heard of royal bank having a lot invested in Evergrand ? If so that make me a bit concerned. Aside from that I'm definitely going to take a closer look at Td and National. Thanks again

[@StocksNSquats]

Check out eqb.to online bank with higher margins and rapidly increasing its dividends. It is a smaller cap compared to the other banks at 2B

[@beaviswealth]

Thanks, Phil. I did read of some Evergrande exposure via BlueBay back in '21, but nothing that has risen to any level of concern. I know there was some chatter, but seems to have been speculation perhaps? Appreciate you watching the video, and thanks again. - Marc

[@kevinmendoza4402]

I’m buying $BNS and $RY 🚀📈

[@MegsCarpentry-lovedogs]

Marc! Stellar work done on these two deep dives! 💯Goodness gracious! 😲Amazing presentation delivery, as per your usual.✔ I own a lot of Canadian banks, mostly in DFN and PDV, to get full diversification. However, my portfolio's are Hybrid. Individual bank stocks are TD, BMO and BNS. I have to admit, I can sleep better at night having a lot of diversification in all the different sectors. Thank you again Marc. Well done!👍 Always a pleasure learning from you.🍁🇨🇦☺

[@beaviswealth]

Howdy. Love your diversification comment, cause that's usually the key. Of course it's possible to be over-diversified, but that's a topic for another day. Have a super day. - Marc

[@MegsCarpentry-lovedogs]

@@beaviswealth Hey there Marc, well...over diversified! 🙃 Yes Sir! Bring it on as one of your future presentations👍 Super keen to hear your take on the subject....again, more topics to look forward to when you are ready to present. FYI: I had a phone call with one of your collaborators, Adam Bornn, Parallel Wealth, yesterday. With your "teachings" and with Adam's financial "teachings" over the past few years things are set in motion to sort out a financial plan revolving around reducing taxes. Having you both is like a complete package to smarter financial managing! 💯 Wow! We Canadians 🍁 are very very very fortunate to have you both helping us. I am pleased to see both of you being successful in your youtube channels. Keep'er going there Marc, you are doing well...and, honestly, asking for suggestions from your viewers is so smart on many levels. Keeping in touch, East Canada, 🇨🇦Prince Edward Island☺

[@alexwong8851]

Thank you for the overview! I own all of the major banks including bns and cm so this was a good wakeup call. What are your thoughts on eqb?

[@beaviswealth]

Hi Alex. Thanks so much. I haven't owned nor looked at EQB, so I can't really provide any feedback, sorry about that. I have heard lots of people mention EQB, so I"m sure there's some info out there somewhere. All the best. - Marc

[@Zenfix1]

“You make most of your money in a bear market, you just don’t realize it at the time.” Shelby Cullom Davis

[@OfficialLongPham]

When you just loaded on BNS and CM T.T

[@beaviswealth]

😆

[@torenatkinson1986]

RBC is the worst Canadian bank for supporting fossil fuel investment. Just behind US banks JPMorgan, Citi, Wells Fargo, Bank of America. Scotiabank and TD are also in the top 10 worst banks since the Paris Agreement. I feel this is important information when trying to invest ethically.

[@rogeliomontenegro8259]

Has the market bottomed yet?

[@beaviswealth]

Wish I knew.... - Marc

[@mikebrake1196]

I respectfully totally disagree with you. I happen to like CIBC and BNS. And i like them because they pay great dividends and their lack of American investment .The political environment in the US makes it a fools paradise. The Royal Bank and TD just do not pay enough dividend . TD "s earnings are reliant on to much on credit card revenue that in tough times is going to bight their ass. BMO pays a good dividend but has to much exposure to oil for my liking.