Canadian lenders are set for a dramatic expansion in P/E multiples, says Scotiabank's Kevin...


Canadian lenders are set for a dramatic expansion in P/E multiples, says Scotiabank's Kevin Choquette, believing the slowdown in the country's real estate market is more than discounted in bank stock prices. His favorite pick is Imperial Bank (CM) as it's restructured to lessen its reliance on mortgage banking.

Comments (5)
  • mcostigane
    , contributor
    Comments (44) | Send Message
     
    "believing the slowdown in the country's real estate market is more than discounted in bank stock prices"

     

    ahahaha good one Kev
    3 Apr 2013, 12:06 PM Reply Like
  • rocketman3
    , contributor
    Comments (51) | Send Message
     
    Imperial Bank ? Surely you mean CIBC.....
    3 Apr 2013, 02:56 PM Reply Like
  • ropren
    , contributor
    Comments (2) | Send Message
     
    CIBC = Canadian Imperial Bank of Commerce
    3 Apr 2013, 05:04 PM Reply Like
  • tobaccosand
    , contributor
    Comments (32) | Send Message
     
    I'm very happy with my CIBC, the dividends keep rolling in. I feel that the new management team is far, far better than the one from 10 years ago.
    CIBC is the bargain of the Big 5 banks.
    3 Apr 2013, 05:04 PM Reply Like
  • romilar
    , contributor
    Comments (778) | Send Message
     
    I'll stay with RY thanks.....Rom
    3 Apr 2013, 05:05 PM Reply Like
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