Canadian Banks Predictions
Browse Canadian Banks market predictions and forecasts from well-known financial commentators. Each prediction is tracked from the date it was published to its estimated deadline, then graded correct or wrong based on the outcome.
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[9:21] I guess a little bit we are Amber and you know I I did see David Rosenberg's piece and I think there was a lot of validity to his thesis there. At the same time, you know, we're we're we're long um for for banks in particular. I would say that we're underweight banks and we've been using it at the margin as a source of cash. So our activity in banks in recent quarters has been to uh trim albeit modestly trim the banks
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[22:42] they're up, you know, 30%, let's say, this year. You can't extrapolate that every year. They've had massive multiple expansion on price to book, price to earnings. That's not going to happen uh as as easily in the next 12 to 18 months as the last 12 to 18 months.
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[23:34] I still think there's room to grow. They have to keep and and TD's on the cheaper end of most of them. And um I think you just have to consider if you see the revenue coming in the RE which we're seeing strong RE the strongest is coming you know basically RBC CBC kind of then there still might be room on the upside.
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[11:23] we think it would be healthy if they took a break here, but we still like them as long-term.
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[11:09] I think that um when you think about the pension landscape in Canada and some of the things that the pensions might start to do in terms of maybe look at the Canadian market uh a little bit differently than what they have over the last decade or so and maybe increase some of their allocations to Canada. Some of them have said publicly they're looking at uh this is no secret. Um the first stop might be Canadian financials where the liquidity is there and they have enough uh sort of large scale targets to kind of pad their portfolios. Uh and so um I think that should be a bit of a valuation kind of buffer for the sector as a whole.
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