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Best Banks In Canada

By Sarah Crown, 5BestThings.com Channel Writer
In this list we will review the best Canadian banks. We review these banks based on Most Profitable bank, Market Capitalization, Asset base and growth rates and most important customer service. .
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. Royal Bank of Canada (RBC)

Royal Bank of Canada (RBC)
RBC has a dividend yield of 4.43% and a PE ratio of 12.11.Outstanding shares total 1.4 Billion, dividend growth for the past 3 years is 20.85% which is more than double the industry average.

RBC offers full range of financial products and services to approximately 18 million customers, and overall good customer service 24/7 through phone

. Canadian Imperial Bank of Commerce (CIBC)

Canadian Imperial Bank of Commerce (CIBC)
CIBC is a leading Canadian-based financial institution with a market capitalization of $30.7 billion and a Tier 1 capital ratio of 13.9%. CIBC has two major businesses – CIBC Retail Markets and Wholesale Banking- focused in Canada and around the world. CIBC provides a full range of financial products and services to almost 14 million clients

The key factors that have brought CIBC success are customer service, regarding recent study CIBC customer service scored higher than any competitor , also CIBC has dividend yield of 5.85% and a market cap. of about $23B

. TD Canada Trust

TD Canada Trust
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group (TDBFG).

TD Bank Financial Group offers a full range of financial products and services to approximately 15 million customers worldwide through different lines including Canada and US personal and Commercial Banking , Wealth Management, Wholesale Banking including TD Securities,

TD has a dividend yield of 3.94% and about 804M shares outstanding

. Bank of Nova Scotia

Bank of Nova Scotia
Canada’s most international bank.. Scotiabank has continued to expand its global reach. Today, through our team of more than 70,000 employees, Scotiabank Group and its affiliates offer a diverse range of products and services, including personal, commercial, corporate and investment banking, to some 18.6 million customers in more than 50 countries around the world.

Scotiabank has 987.7 M shares to be exact.BNS has a dividend yield of 4.09% and a beta of 0.9.The 3-year dividend growth is 16.5%. BNS has lots of potential to grow due to its overseas operations

. Bank of Montreal

Bank of Montreal

BMO Financial Group serves more than 11 million personal, commercial, corporate and institutional customers in North America and internationally. the operating groups – Personal and Commercial Banking, BMO Bank of Montreal in Canada and Harris in the United States; Private Client Group, and the wealth management business; and BMO Capital Markets – share one vision: to be the bank that defines great customer experience.

BMO has a dividend yield of 6.06% and a 3-year dividend growth of 19%+. The bank wrote down a lot of money some months ago due to losses in the subprime meltdown

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