November, 2014 – InvestorLiterature.com Review
Written by Bruce Grantier. Posted in InvestorLit Updates
This is a Review of the major Canadian banks - a unique and very attractive sector with outstanding long-term performance, both in Canada and globally. In this Review we: 1/quote a long forgotten but important FAJ article which highlights the Canadian banks, 2/ comment generally on the superior performance of dividend stocks based on work by Jeremy Siegel of Wharton, 3/ quote some data from the websites of the major Canadian banks, 4/ show the very good performance of the Bank sector vs. the next two largest TMX sectors, and 5/ note a recent study by Professors Calomiris and Haber, of Columbia and Stanford respectively which discusses financial crises in Canadian vs. US banks, and why Canada has a much better crisis record than the US. We conclude by comparing the Canadian banks with two other excellent performers – Prem Watsa’s Fairfax Financial Holdings and Warren Buffet’s Berkshire Hathaway.