Best Canadian bank stocks

Canada’s banking and finance sector is a robust industry. If you’re not sure which bank stocks in Canada may be worth your investment, start your research with this list of the 10 best Canadian bank stocks as flagged by Finder’s proprietary algorithm.

Canadian bank stocks to watch in 2024

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Related: Investing in Financial Stocks

What you should know before buying the best Canadian bank stocks

There’s no single winning strategy to finding what experts might call the best bank stocks in Canada by performance, because the most important considerations are your own goals and circumstances. It’s not personal financial advice, and your personal objectives and financial situation have not been taken into consideration. Do your own research, and speak with an investment professional if in doubt.

Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increase and decrease in value.

• How did we pick the best Canadian stocks?

  We used Finder’s proprietary algorithm to rate Canadian bank stocks listed on the TSX based on price, performance, profit, revenue and dividends. Our fundamental analysis filters stocks by taking into account historical prices, dividends, revenue growth, (low) price volatility and profit margins. This might indicate a quality stock, but we do not guarantee the performance or returns of any investment.

  To avoid smaller, more speculative stocks, we only include companies with a market cap of more than CAD $200 million. In order to better compare historical data, we filtered out bank stocks that have been listed for less than 5 years. This methodology no doubt filters out some good stocks, so our decision to include or exclude a stock from our list does not indicate whether it’s a good or bad investment. For more information about our algorithm, check out our stock ranking page.

This list and data was compiled May 23, 2023. The algorithm was last updated March 3, 2022.

Buy bank stocks through an online broker

To invest in any of these bank stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started.

Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score the better the platform - simple.

Read the full methodology

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.