Sector Report - Canadian Banking Trades

[PostStockWidget stock_valuation="" pricetype="live" manual_date="Dec. 21, 2012, 2:04pm GMT" symbolcodes="'NA.TO','TD.TO','CWB.TO','BNS.TO','BMO.TO'" symbolprices="91","50","50","50","50" div_align="right"]

Canadian Banks have performed well over the last six months since their collective ease during second quarter. While we did not specifically identify an entire sector move or investment, it turned out that approximately 25% of our Purple Chips Equal Weight model portfolio was invested in the banks until recently. The Bank of Montreal, a position we entered in early June remains our last sector holding and is currently closing in on the high valuation level, but has not yet reached the target. Average returns from the sector reach +20.5% in the six and a half months that the positions were held.

TOTAL RETURN - NATIONAL BANK +23.3% Links to original posts: Buy / Sell TOTAL RETURN - BANK OF NOVA SCOTIA +20.9% Links to original posts: Buy / Sell TOTAL RETURN - TD BANK +18.9% Links to original posts: Buy / Sell TOTAL RETURN - CANADIAN WESTERN BANK +18.8% Links to original posts: Buy / Sell