just in case you dont get my post in the thread, you said Canadian banks are smaller. You're from Montreal? Where do you work and where do you get your info?!!
I posted:
I don't know where you get your info on Canadian banks being smaller. Maybe you could clarify: smaller than what? And by what measure?
I'd say that opposite is actually true. Because the big 5 Canadian banks are protected by charter legislation they don't face as much competition as they otherwise would and are actually massive.
For example, the market cap of the big 5 (in billions): Royal Bank $64, TD $48, Bank of Nova Scotia $47, CIBC $27, Bank of Montreal $24.
Comparatively, (again in billions): Goldman $70, Lehman $21, Merrill $44, Morgan Stanley $42, UBS $29, Credit Suisse $52, JP Morgan and Chase $42.
As you can see, Royal Bank is bigger than all the big americans except for Goldman, while TD and BNS are each bigger (by market cap) than Lehman, Merrill, MS, and JP
I posted:
I don't know where you get your info on Canadian banks being smaller. Maybe you could clarify: smaller than what? And by what measure?
I'd say that opposite is actually true. Because the big 5 Canadian banks are protected by charter legislation they don't face as much competition as they otherwise would and are actually massive.
For example, the market cap of the big 5 (in billions): Royal Bank $64, TD $48, Bank of Nova Scotia $47, CIBC $27, Bank of Montreal $24.
Comparatively, (again in billions): Goldman $70, Lehman $21, Merrill $44, Morgan Stanley $42, UBS $29, Credit Suisse $52, JP Morgan and Chase $42.
As you can see, Royal Bank is bigger than all the big americans except for Goldman, while TD and BNS are each bigger (by market cap) than Lehman, Merrill, MS, and JP