Written by Joey Frenette at The Motley Fool Canada
It’s about time that Canadian investors gave the big bank stocks some love, especially now that the TSX Index is ready to make higher highs. With the Bank of Canada a friend of investors once again, questions linger as to how the big bank stocks will proceed.
Though not all banks have what it takes to finish the year with a bang, I view some of the underperformers as worth additions to a portfolio seeking above-average results. Indeed, picking the dogs of the basket is seldom a market-beating strategy. However, Canadian banks are built differently.
They can persevere through good times and bad. And while a recession can never be 100% ruled out, I believe that the risk/reward scenario on some of the lagging names hasn’t been this good in a number of years. Additionally, with dividend yields still on the swollen side, I think there’s never been a better…
