Canadian Banks – Best Performers

Based on a Total Return basis, income plus capital gains, the returns are as follows as of  the January 12th, 2018 close.

Bank

1 Yr          3yr          5yr         

10yr

National Bank

20.84

17.29 15.65

14.93

RBC

16.32

15.50 15.98

12.08

TD

13.21

16.31 16.57

12.04

CIBC

16.07

14.93 13.51

10.86

BMO

8.43

14.22 15.12

11.13

BNS

10.58

14.55 11.88

9.69

The performance numbers for periods more than one year are annualized.

The two most consistent out performers in this group are National Bank and RBC.

The two most consistent under performers over the time frames are BNS and Bank of Montreal

For a fairly cohesive group, these above performance numbers have produced wide differences over time.

In today’s world computer algorithms are frequently used to assume what investment performance is expected based on similar industry factors that affect all sector players.

These major performance differences must be explained by other factors such as:

  • Consistency and Quality of Management over time
  • Location and Performance of non domestic operations

 

 

Posted in Blog Post.

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