Written by Amy Legate-Wolfe at The Motley Fool Canada
Canadian bank stocks continue to be some of the best places for Canadians to park their cash. But that doesn’t mean it’s every single Canadian bank. As we’ve seen, some of them have had a harder time making a comeback from this downturn compared to others. Which is why today I’m going to focus on two Canadian bank stocks that deserve a buy.
So let’s get into why if you’re looking at buying the dip in Canadian bank stocks, I would consider Royal Bank of Canada (TSX:RY) and Canadian Imperial Bank of Commerce (TSX:CM).
RBC stock
First we have RBC stock, Canada’s largest stock by market capitalization. The bank has recently climbed to all-time highs nearing $150 per share. However, should there be a dip in share price, it could certainly be a great place to park your cash.
Let’s start with earnings. RBC reported net income of $4 billion for the…
