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  • Dennis Gartman: Next Great Trade Is Canadian Banks [View article]
    Rather, the valuation parity is not to the extent that he implies.
    Feb 24 13:16 pm |Rating: +1 -2 |Link to Comment
  • Dennis Gartman: Next Great Trade Is Canadian Banks [View article]
    The P/B and P/E ratios on all these Canadian banks are MUCH higher than their US counterparts. They have declined, yes, but the valuation gap is not to the extent that Gartman is leading you to believe.

    Most of the P/B ratios here are over 1X while the same ratios at US banks are <0.5X. None of these Canadian banks look like screaming buys to me.
    Feb 24 13:15 pm |Rating: +2 -3 |Link to Comment
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