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Canadian (TSX) Financials Sector Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies267
  • 7D-0.08%
  • 3M5.7%
  • 1Y12.3%
  • YTD7.8%

Over the last 7 days, the Financials industry has remained flat. As for the the longer term, the industry is up 12% over the past 12 months. As for the next few years, earnings are expected to grow by 8.8% per annum.

Sector Valuation and Performance

Has the Canadian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024CA$1.1tCA$577.2bCA$78.7b11.7x13.8x1.9x
Sun, 23 Jun 2024CA$1.0tCA$575.5bCA$78.6b11x13.1x1.8x
Tue, 21 May 2024CA$1.1tCA$570.5bCA$78.2b11.3x13.8x1.9x
Thu, 18 Apr 2024CA$1.0tCA$579.0bCA$80.1b11.2x12.7x1.8x
Sat, 16 Mar 2024CA$1.0tCA$596.9bCA$79.7b11.5x13.1x1.8x
Mon, 12 Feb 2024CA$1.0tCA$591.1bCA$81.6b10.5x12.4x1.7x
Wed, 10 Jan 2024CA$1.0tCA$584.6bCA$80.9b9.9x12.6x1.7x
Fri, 08 Dec 2023CA$962.4bCA$587.2bCA$80.9b9.6x11.9x1.6x
Sun, 05 Nov 2023CA$920.0bCA$584.1bCA$86.1b9.7x10.7x1.6x
Tue, 03 Oct 2023CA$923.6bCA$588.3bCA$84.5b9.6x10.9x1.6x
Thu, 31 Aug 2023CA$955.1bCA$603.6bCA$84.7b10.2x11.3x1.6x
Sat, 29 Jul 2023CA$991.8bCA$586.8bCA$82.2b10.8x12.1x1.7x
Mon, 26 Jun 2023CA$924.8bCA$586.4bCA$82.3b10.2x11.2x1.6x
Wed, 24 May 2023CA$956.2bCA$585.8bCA$87.7b10.5x10.9x1.6x
Fri, 21 Apr 2023CA$977.6bCA$553.2bCA$86.9b10.6x11.2x1.8x
Sun, 19 Mar 2023CA$910.6bCA$558.5bCA$86.4b10.2x10.5x1.6x
Tue, 14 Feb 2023CA$1.0tCA$558.4bCA$93.1b10.9x10.9x1.8x
Thu, 12 Jan 2023CA$960.3bCA$560.2bCA$95.4b10.5x10.1x1.7x
Sat, 10 Dec 2022CA$974.9bCA$558.0bCA$92.8b10.1x10.5x1.7x
Mon, 07 Nov 2022CA$928.7bCA$558.2bCA$90.6b9.8x10.3x1.7x
Wed, 05 Oct 2022CA$938.6bCA$563.4bCA$92.2b9.3x10.2x1.7x
Fri, 02 Sep 2022CA$923.4bCA$558.9bCA$92.0b9.1x10x1.7x
Sun, 31 Jul 2022CA$955.1bCA$615.2bCA$97.7b9x9.8x1.6x
Tue, 28 Jun 2022CA$934.1bCA$620.2bCA$99.5b8.9x9.4x1.5x
Thu, 26 May 2022CA$994.9bCA$614.9bCA$95.6b9.7x10.4x1.6x
Sat, 23 Apr 2022CA$1.0tCA$614.3bCA$96.2b9.7x10.8x1.7x
Mon, 21 Mar 2022CA$1.1tCA$609.9bCA$96.6b10.5x11.5x1.8x
Wed, 16 Feb 2022CA$1.1tCA$606.2bCA$94.8b11.2x12x1.9x
Fri, 14 Jan 2022CA$1.1tCA$588.5bCA$93.2b11.1x12.1x1.9x
Sun, 12 Dec 2021CA$1.1tCA$590.9bCA$93.5b10.2x11.4x1.8x
Tue, 09 Nov 2021CA$1.1tCA$568.8bCA$90.5b10.8x11.9x1.9x
Thu, 07 Oct 2021CA$1.0tCA$563.9bCA$90.5b9.6x11.1x1.8x
Sat, 04 Sep 2021CA$1.0tCA$561.4bCA$90.0b9.6x11.2x1.8x
Mon, 02 Aug 2021CA$981.2bCA$561.4bCA$90.0b9.8x10.9x1.7x
Price to Earnings Ratio

10.9x


Total Market Cap: CA$981.2bTotal Earnings: CA$90.0bTotal Revenue: CA$561.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Financials Sector Price to Earnings3Y Average 11.3x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 13.8x which is higher than its 3-year average PE of 11.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have declined 4.4% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Canadian Financials sector?

CA Market-0.31%
Financials-0.077%
Consumer Finance7.38%
Diversified Financial0.81%
Capital Markets0.73%
Mortgage Finance0%
Mortgage REITs0%
Insurance-0.077%
Banks-0.36%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 69.7x.
    • Analysts are expecting annual earnings growth of 71.8%, which is higher than its past year's earnings growth of 22.6% per year.
  • Investors are most pessimistic about the Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.4x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 72% over the next 5 years.
  • This is better than its past earnings growth rate of 23% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 6.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CM Canadian Imperial Bank of CommerceCA$69.891.8%
+CA$1.2b		21.5%PB1.3x
BN BrookfieldCA$64.041.1%
+CA$1.1b		39.0%PE76.1x
BMO Bank of MontrealCA$120.251.1%
+CA$919.1m		-1.1%PB1.2x
NA National Bank of CanadaCA$113.241.6%
+CA$609.3m		10.5%PB1.7x
GWO Great-West LifecoCA$41.481.5%
+CA$577.9m		2.9%PE11.8x
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Latest News

GSY

CA$196.48

goeasy

7D

8.1%

1Y

58.6%

BMO

CA$120.25

Bank of Montreal

7D

1.1%

1Y

-1.1%

FFH

CA$1,550.00

Fairfax Financial Holdings

7D

-3.5%

1Y

48.2%

RY

CA$151.52

Royal Bank of Canada

7D

-1.5%

1Y

16.4%

TD

CA$80.04

Toronto-Dominion Bank

7D

0.4%

1Y

-6.8%

GLXY

CA$15.47

Galaxy Digital Holdings

7D

-6.8%

1Y

153.2%

VBNK

CA$15.50

VersaBank

7D

-7.4%

1Y

36.7%

BN

CA$64.04

Brookfield

7D

1.1%

1Y

39.0%

NA

CA$113.24

National Bank of Canada

7D

1.6%

1Y

10.5%

MFC

CA$35.70

Manulife Financial

7D

-0.4%

1Y

35.7%

GWO

CA$41.48

Great-West Lifeco

7D

1.5%

1Y

2.9%

Market Cool On Great-West Lifeco Inc.'s (TSE:GWO) Earnings

Jun 30
Market Cool On Great-West Lifeco Inc.'s (TSE:GWO) Earnings

ELF

CA$1,170.00

E-L Financial

7D

-1.9%

1Y

25.7%

BNS

CA$62.96

Bank of Nova Scotia

7D

-3.0%

1Y

-4.3%

Bank of Nova Scotia (TSE:BNS) Will Pay A Dividend Of CA$1.06

Jun 14
Bank of Nova Scotia (TSE:BNS) Will Pay A Dividend Of CA$1.06

FIH.U

US$14.10

Fairfax India Holdings

7D

-3.4%

1Y

-0.7%

CM

CA$69.89

Canadian Imperial Bank of Commerce

7D

1.8%

1Y

21.5%

POW

CA$39.77

Power Corporation of Canada

7D

1.1%

1Y

6.9%