Cramer's Canadian Bank Invasion Stocks
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Date updated:10-05-2007

"The Canadians are coming! Investors should take note of TD Bank's acquisition of Commerce Bancorp because more Canadian buys of U.S. banks are on the way, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.Thanks to a strong Canadian dollar and great stock value, Canadian banks are primed to absorb American regional banks, which lately have been viewed as small institutions with little room for growth."

symbol name last price % change open
  • +
  • NCC
    10.91
  • $2.20
  • 0.00
  • $2.20

You could see TD and Bank of Nova Scotia sweeping in and taking the deposits of everyone from National City to Comerica to Key. Same with Bank of Montreal. These Midwestern-based banks have all been hobbled by residential real estate but have no problem whatsoever with keeping deposits.

People owning NCC also tend to own: BFKCHKCMCSACOPDBNDFJEWT

TheStreet.com Rating: D What is this?

  • +
  • KEY
    Keycorp
  • $5.76
  • +1.23%
  • $5.73

You could see TD and Bank of Nova Scotia sweeping in and taking the deposits of everyone from National City to Comerica to Key. Same with Bank of Montreal. These Midwestern-based banks have all been hobbled by residential real estate but have no problem whatsoever with keeping deposits.

People owning KEY also tend to own: AUYBPCSELMTLUNAPEGPWE

TheStreet.com Rating: D What is this?

  • +
  • NYB
    New York Cmmty Bn
  • $11.42
  • +2.51%
  • $11.23

They can buy, with cash and stock, banks as diverse as Astoria Financial or New York Community Bancorp or Hudson City Bancorp. Even Capital One may be for sale. These are all down on their luck but could, with Commerce Bancorp, take a huge amount of share in the one market that is still robust and staying robust -- New York City.

People owning NYB also tend to own: CARCOFCOPDOWFRNGISHD

TheStreet.com Rating: C+ What is this?

  • +
  • HCBK
    Hudson City Banco
  • $13.46
  • +2.36%
  • $13.25

They can buy, with cash and stock, banks as diverse as Astoria Financial or New York Community Bancorp or Hudson City Bancorp. Even Capital One may be for sale. These are all down on their luck but could, with Commerce Bancorp, take a huge amount of share in the one market that is still robust and staying robust -- New York City.

People owning HCBK also tend to own: CLJCPUTXCATCVXDNAGOOG

TheStreet.com Rating: B What is this?

  • +
  • CMA
    Comerica Inc
  • $28.68
  • +2.39%
  • $28.15

You could see TD and Bank of Nova Scotia sweeping in and taking the deposits of everyone from National City to Comerica to Key. Same with Bank of Montreal. These Midwestern-based banks have all been hobbled by residential real estate but have no problem whatsoever with keeping deposits.

People owning CMA also tend to own: CCOFDOWDUKGDHALHD

TheStreet.com Rating: D+ What is this?

  • +
  • MTB
    M&t Bank Corp
  • $64.24
  • +1.10%
  • $63.91

all have great reasons to invade the U.S. Likely targets were named as M&T Bank Corporation, BB&T Corporation and Fifth Third Bancorp.

People owning MTB also tend to own: BACBBTCCMAFITBJPMKEY

TheStreet.com Rating: C What is this?

  • +
  • BBT
    Bb&t Cp
  • $25.20
  • +0.48%
  • $25.22

all have great reasons to invade the U.S. Likely targets were named as M&T Bank Corporation, BB&T Corporation and Fifth Third Bancorp.

People owning BBT also tend to own: AMDCOPDUKFIBMMRKMSFT

TheStreet.com Rating: C What is this?

  • +
  • FITB
    Fifth Third Banco
  • $9.73
  • +3.29%
  • $9.51

all have great reasons to invade the U.S. Likely targets were named as M&T Bank Corporation, BB&T Corporation and Fifth Third Bancorp..

People owning FITB also tend to own: CACLECSCOGEGRKMPKR

TheStreet.com Rating: D What is this?

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