Canadian Banks are retailers.......in the business of making money on the money of their clients. In my opinion they are overly cautious but MUST protect there retail side as many are everyday working stiffs and purchase too much on margin at the wrong time. Banks giving an Outperform (to me) tells me investment is probably safe.
The Beacons of this world help me set set my possible expectations......when they raise there target....growth is expected to be beyond .....still waiting and watching both with dry powder and rum and coke/patience. foof