Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Underperforming CIBC makes it the top bank stock for 2017 Add to ...

Subscribers Only

Canadian Imperial Bank of Commerce is the best Canadian bank stock to buy in 2017 though it has achieved this distinction by a whisker: it was the worst performing bank in 2016.

We’ve written a few articles pointing out that bank stocks have an uncanny ability to rebound the year after underperforming their peers. Buying last year’s worst-performer at the end of the year and holding it for the next year has delivered an average return of more than 16 per cent a year, for data going back to 2000.

Report Typo/Error

Follow on Twitter: @dberman_ROB

 

More Related to this Story

Topics

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular