Post by
retiredcf on Jun 16, 2023 6:45am
Analyst Comment
Canadian banks.
Not trading at high multiples, around 1.1-1.5x book value. Great dividend yields, and all have increased over the last little while and will continue to do so. Lots of capital, except for CM, even if OSFI decides to increase required levels. Difficult macro environment, which is reflected in the banks.
TSX can't go up unless the banks go up, as banks are 30% of the index. Good time to buy. A year from now, banks will be substantially higher.
Highly regulated, in good shape, oligopolistic. They experience volatility due to events in the States, but we won't have a collapse in the banking industry.
Paul Harris
Be the first to comment on this post