The Big 6 Canadian bank draw so much attention that it is easy to forget about other financials stocks that the S&P/TSX has to offer. Let’s take a look at 3 today.
Laurentian Bank of Canada (TSX:LB) is a Montreal-based regional bank based in Quebec. The stock has increased 2.9% in 2017 and 20% year over year. Third quarter results released on August 29 saw net income rise 30% from Q3 2016. The stock boasts an attractive dividend of $0.62 per share representing a dividend yield of 4.1%.
First National Financial Corp (TSX:FN) is a Toronto-based lending institution. Mortgages under administration rose 3% year-over-year to a record $99.5 billion. Revenue was also up 15% from the second quarter of 2016 and net income rose to $68.8 million compared to $41.2 million. The stock has dropped 0.24% in 2017 and climbed 4.9% year over year. First National offers an impressive dividend of $0.15 per share – a 6.9% dividend yield.
Canadian Western Bank (TSX:CWB) is an Edmonton-based regional bank that operates primarily in the Western Canadian provinces. Shares of Canadian Western Bank has increased 9.6% in 2017 and 28% year over year. The bank reported its third quarter results on August 31. Net income was up 24% to $56.3 million and assets under management grew to $2 billion from $1.9 billion the previous year. The stock has delivered a solid streak of dividend-growth and a 2.9% dividend yield.
