Q: I am fortunate to be up 50% on my CM stock. Looking forward I am wondering which of the big six banks have the best growth potential. I am thinking that CM has a more limited growth potential after such a big move, but I also have been trying to resist the urge to sell stocks with good gains. Your input would be helpful. Note that taxes are not a concern- the shares are in an RRSP.
5i Research Answer:
Bank stocks tend to revert to the mean, and after big surges there does tend to be some consolidation. BNS and TD, having lagged, 'might' have more potential, but both have so far proven frustrating. For now, we would see no reason to change what is working and would be fine keeping CM.