future growth and current capitalAug 4/09 9:10am ET (Reuters)
Toronto-Dominion Bank and Bank of Montreal may deliver double-digit negative total returns as their above-average U.S. credit exposures will weigh on valuation for the foreseeable future, analysts Brad Smith and Richard McCormick said in a note.
They, however, raised their price targets on six Canadian banks, including Royal Bank of Canada (RBC) , and said RBC and Bank of Nova Scotia offer the most appealing combination of future growth and current capital stability.