ICYMI Canadian bank stocks' reputation for outperformance takes a beating
could raise the domestic stability buffer yet again.
RBC is currently the only one he has rated outperform, but he acknowledged that this view could change if valuations start to reflect greater downside, if central banks pivot and if the outlook for the credit cycle becomes clearer.Canaccord Genuity analyst Scott Chan Adapted to the banks, that would mean going overweight Scotiabank, which had the lowest price return in 2022, and underweighting the top performer, RBC.
Chan argued that the bank stocks were still a fundamentally strong play over the long-term with diversified businesses and dividend yields; it’s just a matter of getting past the current downturn in the sector.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian bank stocks' reputation for outperformance takes a beatingBank stocks have earned a reputation for being outperformers, but a string of lacklustre results may be shaking investors\u0027 faith. Read more
Read more »
Canadian bank stocks' reputation for outperformance takes a beatingBank stocks have earned a reputation for being outperformers, but a string of lacklustre results may be shaking investors\u0027 faith. Read more
Read more »
Canadian bank stocks' reputation for outperformance takes a beatingBank stocks have earned a reputation for being outperformers, but a string of lacklustre results may be shaking investors\u0027 faith. Read more
Read more »
Canadian bank stocks' reputation for outperformance takes a beatingBank stocks have earned a reputation for being outperformers, but a string of lacklustre results may be shaking investors\u0027 faith. Read more
Read more »
Canadian bank stocks' reputation for outperformance takes a beatingBank stocks have earned a reputation for being outperformers, but a string of lacklustre results may be shaking investors\u0027 faith. Read more
Read more »
Hopeful BTC investors banking on a bull run may want to read this because…Bitcoin lacked demand despite the impressive run of the first ten days in 2023 A short term retreat could be likely depending on the CPI outcome as supply in profit spikes Expecting a return of the Bitcoin [BTC] bull market might sound too hasty despite the king coin resurgence above $17,000. CryptoQuant analyst, Cauceconomy opined […]
Read more »