I've made a number or comments and predictions about Canadian bank shares over the past year or so. Have a look here, here, here, here, here, here, and finally, the post just below of March 1 where I actually predicted that yesterday's RBC and TD Q1 earnings would blow the doors off expectations.
Well, didn't that just play out. Yesterday RBC shares jumped $2.98 for a gain of 5.23% and TD gained $3.10 or 3.85%. Dollar wise, yesterday was my largest single day gain in my trading account. I'm reminded again what the guy said on BNN on February 16. "Canadian banks have outperformed the markets every year since 1967." Real tempting to just put it all in the banks and sit back watching them grow while cashing those nice dividend cheques. Hey, I could write a new blog...The Lazy Canadian Investor.
Well, didn't that just play out. Yesterday RBC shares jumped $2.98 for a gain of 5.23% and TD gained $3.10 or 3.85%. Dollar wise, yesterday was my largest single day gain in my trading account. I'm reminded again what the guy said on BNN on February 16. "Canadian banks have outperformed the markets every year since 1967." Real tempting to just put it all in the banks and sit back watching them grow while cashing those nice dividend cheques. Hey, I could write a new blog...The Lazy Canadian Investor.
Happy Friday and Happy Investing. Have a great weekend!
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