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With Canadian bank stocks declining approximately 15 percent as a group over the past 3 months, Lorne Zeiler, VP, Portfolio Manager and Wealth Advisor, TriDelta Investment Counsel, was recently interviewed on BNN regarding his view that now is a good time for long-term investors to add exposure to Canadian bank stocks. Reasons for Mr. Zeiler’s bullish long-term view include compelling valuations (11.0X EPS 2015 expected earnings), high current dividend rates (4.0%+ for most Canadian banks, but payout ratios remain at approximately 45% of projected earnings), earnings stability and their strong business franchises.
Click here to watch the full interview.
