Out of all buy rated bank stocks with market cap of $10 billion or more, there were three Canadian banks occupying spots in our top 5 performing bank list. With year-to-date returns in the high teens, Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CM) and The Toronto-Dominion Bank (TD), take up the first three spots in the mentioned order. First Republic Bank (FRC) comes in as number four, and JPMorgan Chase & Co. (JPM) takes the fifth place.
Bank Name |
Ticker |
Country |
YTD % |
Market Cap. In billions $ |
Investment Rating |
| Bank of Montreal | BMO | Canada | 18.10 | 40.49 | B- |
| Canadian Imperial Bank of Commerce | CM | Canada | 17.48 | 29.74 | B- |
| The Toronto-Dominion Bank | TD | Canada | 15.40 | 79.96 | B- |
| First Republic Bank | FRC | U.S. | 15.19 | 11.02 | A |
| JPMorgan Chase & Co. | JPM | U.S. | 5.80 | 239.44 | B |
| Table data as of 8/8/2016 | |||||
Bank of Montreal, Canadian Imperial Bank of Commerce and The Toronto-Dominion Bank were all upgraded from C+ (Hold) to B- (Buy) within the last two months.
First Republic Bank received an upgrade from A- to A within the last few weeks. JPMorgan was upgraded to a B back in May 2016.