Post by
retiredcf on Jan 25, 2023 3:22pm
Analyst Comment
COMMENT
Canadian banks.(A Commentary)
25/01/2023
Canadian banks. Canadian banks are in a tough space right now, with slowing economy and housing. That will affect CM and BNS more. RY and TD are the gold standards of banks in Canada, and they trade at a valuation premium for that. It's always that tradeoff, valuation vs. growth & quality. He owns BMO, a nice happy medium. If you're a long-term investor, can't go wrong with TD either. New BNS CEO starts in February, and questions remain on this.
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Jamie Murray
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