The Top 10 Safest Banks in North America 2013

The Global Finance magazine publishes their top bank rankings each year for various categories. The lists for this year were published last month. In this post lets take a quick look at the top banks in North America.

From the report in the magazine:

The banks were selected through a comparison of the long-term credit ratings and total assets of the largest banks. Ratings from Moody’s, Standard & Poor’s and Fitch were used.

The Top 10 Safest Banks in North America for 2013:

S.No.BankTickerDividend Yield as of Mar 15, 2013
1TD BankTD3.81%
2Royal Bank of CanadaRY4.10%
3Bank of Nova ScotiaBNS3.79%
4Caisse centrale DesjardinsN/AN/A
5Bank of MontrealBMO4.64%
7BNY MellonBK1.82%
9U.S. BancorpUSB2.28%
10Northern TrustNTRS2.18%


Source: The Top 10 Safest Banks in North America 2013, Global Finance

All the five major Canadian banks are considered to be the safest banks in North American by their independent analysis. In addition Quebec-based Desjardins Group’s Caisse centrale Desjardins also appears in this list.

Among the U.S. banks, none of the four super-banks made it to the list. BNY Mellon(BK), Northern Trust Corp(NTRS) and U.S. Bancorp(USB) are three good picks to ride the rebound in the banking sector. CoBank, ACB is an agricultural credit bank and is part of the US Farm Credit System. Based in outside of Denver, Colorado it serves farmers, ranchers and other rural customers. It operates as a cooperative bank and is not publicly-traded.

Note: Dividend yields noted are as of Mar 15, 2013

Disclosure: Long BMO, BNS, CM, RY, TD and USB

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