The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
AP Source: China’s Sina plans New York IPO for Weibo microblog that would raise $500 million + MORE Feb 25th
HONG KONG – Chinese internet company Sina Corp. plans to spin off its Twitter-like microblog service, Weibo, in a U.S. initial public offering to raise $500 million, a person with knowledge of the deal said Tuesday.
The person, who requested anonymity because they weren’t authorized to s.... More »
Do BoC rates impact you? 10 questions answered + MORE Mar 9th
(Gary Waters/Getty Images)
Eight times a year, the Bank of Canada sets its key interest rate. This is a fancy way of saying it establishes an overnight target interest which is then used by banks to set the prime rate. This prime rate establishes how much it will cost to borrow, whether it’s a mor.... More »
Uber Releases an Amazing Credit Card… But Only to Americans Nov 8th
Image courtesy of Uber.com
It’s being called the “ultimate millennial credit card.”
But if you’re Canadian… you can’t have it. At least not yet.
Ride-sharing company Uber recently opened applications for its own rewards credit card. The Uber Visa promises competitive cash back rates and.... More »
Watch: How to open a bank account Sep 23rd
Looking for a better interest rate? Want more accessible ATMs? Tired of paying fees for things like bank drafts? Whatever your reason, changing banks or opening a new bank account can take just a few clicks—if you’re prepared. Watch this two-minute video to see what documents you’ll need (even.... More »
Shares in troubled Italian bank jump on rescue deal Aug 1st
MILAN – Shares in troubled Italian bank Monte dei Paschi di Siena have jumped as investors cheer a rescue deal from private investors that means the bank will not be nationalized.
Monte dei Paschi was by far the worst performer in stress tests of 51 European banks but sought to head off any sp.... More »
Top 20 U.S. value stocks
– moneysense.ca
Here’s a look at the top 20 U.S. value stocks listed on the S&P500. The group has climbed an average 58.4% since it was created early last year whereas the index only advanced 29.9% over the same period. Sixteen of the top 20 are financial stocks or conglomerates. For more on this list, see the Value Hunter column in Summer 2013 edition of MoneySense magazine.
Ticker
Price*
P/E
P/B
Yield
Leverage
GENWORTH
GNW
$10.44
13.38
0.32
0.00%
6.88
LINCOLN NATIONAL
LNC
$34.86
7.48
0.63
1.38%
14.86
ASSURANT
AIZ
$47.38
8.97
0.71
2.11%
5.62
SUNTRUST BANKS
STI
$30.46
8.02
0.80
1.31%
8.49
UNUM GROUP
UNM
$28.09
8.67
0.88
1.85%
7.21
JPMORGAN CHASE
JPM
$48.96
8.68
0.94
3.10%
12.11
WELLPOINT
WLP
$25.8.89
8.87
0.95
1.98%
2.46
HESS
HES
$69.30
7.97
1.06
0.58%
1.97
REGIONS FINANCIAL
RF
$8.81
10.25.8
0.82
1.36%
7.96
XEROX
XRX
$9.00
9.57
0.96
2.56%
2.59
CAPITAL ONE
COF
$59.51
10.98
0.84
2.02%
7.50
GOLDMAN SACHS
GS
$149.10
9.82
1.00
1.34%
13.50
XL GROUP
XL
$31.93
11.65
0.88
1…
