Canada’s banking and finance sector is a robust industry. If you’re not sure which bank stocks in Canada may be worth your investment, start your research with this list of the 10 best Canadian bank stocks as flagged by Finder’s proprietary algorithm.
Canadian bank stocks to watch in 2026
1: EQB Inc.
EQB Inc. (EQB.TO)
EQB Inc., through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. It accepts term deposits, guaranteed investment certificates, high-interest savings accounts, institutional deposit notes, and covered bonds, as well as specialized financing solutions.- Market cap: C$4.547 billion
- YTD performance: 17.28%
- 1 Year performance: 42.34%
- 5 Year performance: 160.73%
- P/E Ratio: 20.7642
- Headquarters: Canada
National Bank of Canada (NA.TO)
National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S.- Market cap: C$79.17 billion
- YTD performance: 189.5%
- 1 Year performance: 64.74%
- 5 Year performance: 150.38%
- P/E Ratio: 19.5792
- Headquarters: Canada
Royal Bank of Canada (RY.TO)
Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions.- Market cap: C$337.234 billion
- YTD performance: 135.91%
- 1 Year performance: 46.4%
- 5 Year performance: 127.98%
- P/E Ratio: 16.773
- Headquarters: Canada
Bank of Nova Scotia (BNS.TO)
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.- Market cap: C$128.513 billion
- YTD performance: 57.16%
- 1 Year performance: 51.92%
- 5 Year performance: 92.54%
- P/E Ratio: 15.4837
- Headquarters: Canada
Canadian Imperial Bank Of Commerce (CM.TO)
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.- Market cap: C$140.354 billion
- YTD performance: 40.23%
- 1 Year performance: 71.45%
- 5 Year performance: 218.99%
- P/E Ratio: 15.902
- Headquarters: Canada
Toronto Dominion Bank (TD.TO)
The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking; U.S.- Market cap: C$244.542 billion
- YTD performance: 105.6%
- 1 Year performance: 67.24%
- 5 Year performance: 102.63%
- P/E Ratio: 11.8089
- Headquarters: Canada
VersaBank (VB.TO)
VersaBank, a schedule I chartered bank, provides various banking products and services in Canada. The company offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, as well as deposit insurance products.- Market cap: C$401.738 million
- P/E Ratio: 15.3138
- Headquarters: Canada
Bank of Montreal (BMO.TO)
Bank of Montreal engages in the provision of diversified financial services primarily in North America. The company operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments.- Market cap: C$143.903 billion
- YTD performance: 118.23%
- 1 Year performance: 49.03%
- 5 Year performance: 104.55%
- P/E Ratio: 17.2707
- Headquarters: Canada
Laurentian Bank Of Canada (LB.TO)
Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, commercial, and institutional customers in Canada and the United States. It operates through Personal and Commercial Banking, and the Capital Markets segments.- Market cap: C$1.805 billion
- YTD performance: 29.05%
- 1 Year performance: 47.34%
- 5 Year performance: 63.72%
- P/E Ratio: 26.9
- Headquarters: Canada
What you should know before buying the best Canadian bank stocks
There’s no single winning strategy to finding what experts might call the best bank stocks in Canada by performance, because the most important considerations are your own goals and circumstances. It’s not personal financial advice, and your personal objectives and financial situation have not been taken into consideration. Do your own research, and speak with an investment professional if in doubt.
Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increase and decrease in value.
This list and data was compiled May 23, 2023. The algorithm was last updated March 3, 2022.
Buy bank stocks through an online broker
To invest in any of these bank stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
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