Updated on October 3rd, 2025 by Bob Ciura The largest Canadian bank stocks have demonstrated resilience over the past decade, not only weathering recessions but also achieving impressive growth as economies recover. This makes them an attractive option for investors seeking stability and growth.<\/p>\n One of the standout features of Canadian bank stocks is their higher dividend payouts compared to many U.S. counterparts. This characteristic makes them particularly appealing for income-focused investors. Additionally, recent low valuations have enhanced their total return potential, making them even more attractive.<\/p>\n In this article, we will explore the \u201cBig 5\u201d Canadian banks: Canadian Imperial Bank of Commerce (CM), Royal Bank of Canada (RY), The Bank of Nova Scotia (BNS), Bank of Montreal (BMO), and Toronto-Dominion Bank (TD). We will rank these banks based on their expected returns over the next five years.<\/p>\n Note:<\/strong> Canada imposes<\/a> a 15% dividend withholding tax on U.S. investors. However, investing in Canadian stocks through a U.S. retirement account may waive this tax. Always consult your tax advisor for specific guidance.<\/p>\n The top five Canadian banks are known for their shareholder-friendly policies and attractive cash returns. For a comprehensive overview, you can access a full list of financial stocks<\/a>.<\/p>\n To download the complete list of approximately 210 financial sector stocks, including key metrics like dividend yields and price-to-earnings ratios, click the link below:<\/p>\n For more in-depth analysis, visit the Sure Analysis Research Database<\/a>, which ranks stocks based on dividend yield, earnings-per-share growth potential, and valuation changes.<\/p>\n The following sections rank the Canadian banks from lowest to highest expected returns over the next five years.<\/p>\n Use the table of contents below to jump to a specific stock:<\/p>\n Founded in 1817, Bank of Montreal is Canada\u2019s first bank and has evolved into a global financial services powerhouse. It operates around 2,000 branches across North America, generating approximately 45% of its earnings from the U.S.<\/p>\n In fiscal Q3 2025, BMO reported a 9.7% increase in revenue to C$9.0 billion, with net income rising 25% to C$2.3 billion. The bank’s common equity tier 1 ratio remained robust at 13.5%.<\/p>\n Download our most recent Sure Analysis report on BMO<\/strong><\/a><\/p>\n Established in 1961, CIBC provides a range of financial services to individuals and businesses. The bank reported a 10% increase in revenue to C$7.3 billion in fiscal Q3 2025, with net income rising 17% to C$2.1 billion.<\/p>\n Download our most recent Sure Analysis report on CM<\/strong><\/a><\/p>\n Scotiabank is the fourth-largest financial institution in Canada. In fiscal Q3 2025, it reported a 13% revenue increase to C$9.5 billion, with net income soaring 32% to C$2.5 billion.<\/p>\n Download our most recent Sure Analysis report on BNS<\/strong><\/a><\/p>\n Tracing its roots back to 1855, TD Bank is a major player in the financial sector with C$1.9 trillion in assets. In fiscal Q3 2025, TD reported adjusted revenue growth of 9.7% to C$15.6 billion.<\/p>\n
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Canadian Bank Stock #5: Bank of Montreal (BMO)
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Canadian Bank Stock #4: Canadian Imperial Bank of Commerce (CM)
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Canadian Bank Stock #3: Bank of Nova Scotia (BNS)
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Canadian Bank Stock #2: Toronto-Dominion Bank (TD)
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