According to a ranking produced by\u00a0Standard & Poor’s, in 2017, the Big Five are among the world’s 100 largest banks, with Toronto-Dominion Bank, Royal Bank of Canada, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce at 26th, 28th, 45th, 52nd and 63rd place, respectively.<\/p>\n In this article we will elaborate further on the top three largest banks in Canada;\u00a0Toronto-Dominion Bank (TD.TO), Royal Bank of Canada (RY.TO) and Bank of Nova Scotia (BNS.TO).<\/p>\n The\u00a0Toronto-Dominion Bank<\/b>\u00a0is a Canadian\u00a0multinational\u00a0banking and\u00a0financial services\u00a0corporation headquartered in\u00a0Toronto, Ontario. Commonly known as\u00a0TD<\/b>\u00a0and operating as\u00a0TD Bank Group<\/b>, the bank was created on February 1, 1955 through the merger of the\u00a0Bank of Toronto\u00a0and\u00a0The Dominion Bank, which were founded in 1855 and 1869, respectively. TD Bank Group is the\u00a0largest bank\u00a0in Canada by total assets and a top-10 bank in North America. Globally, it ranks as the 26th largest bank in the world, according to\u00a0Standard & Poor’s.<\/p>\n The bank and its subsidiaries have over 85,000 employees and over 22 million clients worldwide.<\/p>\n Shares of the company, which are\u00a0publicly traded on the TSX under the symbol TD and as well as on the NYSE as an ADR. are a component of the\u00a0S&P\/TSX 60 Index<\/b>\u00a0is a\u00a0stock market index.<\/p>\n Below chart shows the performance of the shares of the company form January 1995 up to close of the market on Friday, December 1, 2017.<\/p>\n The\u00a0Royal Bank of Canada<\/b>\u00a0is a\u00a0Canadian multinational financial services company and the second\u00a0largest bank\u00a0in Canada. The bank serves over 16 million clients and has 80,000 employees worldwide.\u00a0The company corporate headquarters are located in\u00a0Montreal,\u00a0Quebec.\u00a0The bank was founded in 1864 in\u00a0Halifax,\u00a0Nova Scotia. RBC is the largest Canadian company by revenue and market capitalization, its shares are\u00a0publicly traded on the TSX under the symbol RY and as well as on the NYSE as an ADR. and it is a component of the\u00a0S&P\/TSX 60 Index<\/b>\u00a0is a\u00a0stock market index.<\/p>\n Below chart shows the performance of the shares of the company form January 1995 up to close of the market on Friday, December 1, 2017. The Bank of Nova Scotia<\/b>, operating as\u00a0Scotiabank<\/b>, is a Canadian\u00a0multinational\u00a0bank. It is the\u00a0third largest bank\u00a0in Canada by deposits and\u00a0market capitalization.<\/p>\n The bank and its subsidiaries have over 89,000 employees and serves more than 23 million customers in over 55 countries around the world. Scotiabank offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking.<\/p>\n The bank was founded in\u00a0Halifax, Nova Scotia, in 1832, and moved its executive offices to\u00a0Toronto,\u00a0Ontario, in 1900.<\/p>\n Shares of the company, which are\u00a0publicly traded on the TSX under the symbol BNS and as well as on the NYSE as an ADR. are a component of the\u00a0S&P\/TSX 60 Index<\/b>\u00a0is a\u00a0stock market index.<\/p>\n Below chart shows the performance of the shares of the company form January 1995 up to close of the market on Friday, December 1, 2017. The Canadian top five Banks are recognized internationally for their financial strength. They tend to each feature prominently in global rankings by respected publications. The\u00a0World Economic Forum<\/a>\u00a0has, for example, ranked the soundness of Canadian Banks in first place globally for the\u00a0seventh<\/i>\u00a0consecutive year in its 2015-2016 report, citing the general health and sound balance sheets overall.<\/p>\n Below spreadsheet in descending order of their current market capitalization, we will compare the big three Canadian banks by their market capitalization, dividend yield and P\/E ratio.<\/p>\n![\"\"](\"http:\/\/www.pgmcapital.com\/wp-content\/uploads\/2017\/12\/big-five.jpg\")
<\/a><\/p>\nTORONTO DOMINION BANK:<\/h3>\n
<\/a><\/p>\n<\/a><\/p>\nROYAL BANK OF CANADA:<\/h3>\n
<\/a><\/p>\n<\/a><\/p>\nBANK OF NOVA SCOTIA:<\/h3>\n
<\/a><\/p>\n<\/a><\/p>\nPGM CAPITAL COMMENTS & ANALYSIS:<\/h3>\n