Preferred BankFor safety of dividend, and potential upside which is your preferred bank stock and why? Coming out of the downturn, poorer-performing banks tend to do better compared to better performing banks.
We like banks like TD (for a long-term hold, well-managed bank, reasonable valuation) and BNS (most attractive in terms of total returns as BNS is not far behind in terms of operational efficiency, but BNS is trading at a meaningful discount). We would side with TD today if just one, with upside as the main goal. We would consider RY the 'safest' but it is also the most expensive. We would not have any concerns on the dividends from the big six banks. (5iResearch)