Still a lot of upside!This bank stands to benefit the most from lower interest rates! I believe we are only in the beginning stage of recovery of this bank and their share price. They are executing exactly the strategy they outlined in their investor day! I honestly believe the analysts are being a little too cautious with their ratings. I've seen this movie a 1000 times! By the time the analysts give a Buy rating with higher price targets, much of the gains will already have taken place!
I think today is a good example that the market agrees with this perspective, given that most of the banks were down but this one was up significantly on no news. In my humble opinion it's still good value! I think in the coming quarters certainly into the second half of 2025, I would not be surprised to see a share price between $70 and $75! Stay invested collect the big dividends and the capital appreciation will be realized! (Interest rates have come down significantly in the Pacific Rim and they are beginning to come down in North America). GLTA!