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Canadian (TSX) Banks Industry Analysis

UpdatedDec 01, 2023
DataAggregated Company Financials
Companies10
  • 7D1.6%
  • 3M-2.0%
  • 1Y-10.4%
  • YTD-5.1%

Over the last 7 days, the Banks industry has risen 1.6%, driven by gains from Royal Bank of Canada of 3.3%. However, the industry is down 10% over the past year. Looking forward, earnings are forecast to grow by 6.9% annually.

Industry Valuation and Performance

Has the Canadian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 Dec 2023CA$554.5bCA$195.9bCA$47.8b10.1x11.6x2.8x
Mon, 30 Oct 2023CA$510.2bCA$197.4bCA$51.6b8.9x9.9x2.6x
Wed, 27 Sep 2023CA$558.0bCA$197.4bCA$51.6b9.6x10.8x2.8x
Fri, 25 Aug 2023CA$565.1bCA$192.8bCA$52.2b9.8x10.8x2.9x
Sun, 23 Jul 2023CA$605.4bCA$192.7bCA$52.1b10.5x11.6x3.1x
Tue, 20 Jun 2023CA$579.7bCA$192.7bCA$52.1b10.1x11.1x3x
Thu, 18 May 2023CA$586.1bCA$192.7bCA$57.6b9.1x10.2x3x
Sat, 15 Apr 2023CA$592.5bCA$192.7bCA$57.6b9.7x10.3x3.1x
Mon, 13 Mar 2023CA$593.0bCA$191.9bCA$57.3b10.2x10.3x3.1x
Wed, 08 Feb 2023CA$638.9bCA$191.8bCA$65.6b9.3x9.7x3.3x
Fri, 06 Jan 2023CA$588.7bCA$191.8bCA$65.6b8.4x9x3.1x
Sun, 04 Dec 2022CA$616.2bCA$191.8bCA$65.4b9.8x9.4x3.2x
Tue, 01 Nov 2022CA$587.2bCA$185.3bCA$61.0b9.4x9.6x3.2x
Thu, 29 Sep 2022CA$579.3bCA$185.3bCA$61.0b8.8x9.5x3.1x
Sat, 27 Aug 2022CA$600.4bCA$187.2bCA$61.9b9.3x9.7x3.2x
Mon, 25 Jul 2022CA$586.2bCA$188.4bCA$63.0b9x9.3x3.1x
Wed, 22 Jun 2022CA$609.5bCA$188.4bCA$63.0b9.5x9.7x3.2x
Fri, 20 May 2022CA$629.1bCA$184.0bCA$58.9b10.4x10.7x3.4x
Sun, 17 Apr 2022CA$664.0bCA$184.0bCA$58.9b11.4x11.3x3.6x
Tue, 15 Mar 2022CA$695.1bCA$184.0bCA$58.9b11.4x11.8x3.8x
Thu, 10 Feb 2022CA$730.8bCA$180.6bCA$56.4b13x12.9x4x
Sat, 08 Jan 2022CA$698.7bCA$180.6bCA$56.4b12.4x12.4x3.9x
Mon, 06 Dec 2021CA$649.6bCA$180.6bCA$56.6b10.9x11.5x3.6x
Wed, 03 Nov 2021CA$647.9bCA$175.2bCA$55.3b11.7x11.7x3.7x
Fri, 01 Oct 2021CA$610.4bCA$175.2bCA$55.3b10.9x11x3.5x
Sun, 29 Aug 2021CA$623.5bCA$175.2bCA$55.3b11.2x11.3x3.6x
Mon, 05 Jul 2021CA$617.1bCA$167.1bCA$49.9b12.4x12.4x3.7x
Thu, 08 Apr 2021CA$569.9bCA$154.1bCA$41.9b13.8x13.6x3.7x
Sun, 10 Jan 2021CA$501.9bCA$151.8bCA$40.2b12.7x12.5x3.3x
Price to Earnings Ratio

12.2x


Total Market Cap: CA$490.3bTotal Earnings: CA$40.2bTotal Revenue: CA$151.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Banks Industry Price to Earnings3Y Average 11x202120222023
Current Industry PE
  • Investors are relatively neutral on the Canadian Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 11.0x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 6.0% per year over the last three years.
  • Revenues for these companies have grown 8.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

CA Market0.33%
Financials1.22%
Banks1.56%
Regional Banks2.56%
Diversified Banks1.55%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 11.0x.
    • Analysts are expecting annual earnings growth of 6.8%, which is higher than its past year's earnings decline of 21.8% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 9.4x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 17% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.8% 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
RY Royal Bank of CanadaCA$122.943.3%
+CA$6.2b		-8.4%PB1.6x
CM Canadian Imperial Bank of CommerceCA$56.555.3%
+CA$2.7b		-4.8%PB1.1x
BMO Bank of MontrealCA$113.663.0%
+CA$2.4b		-15.4%PB1.2x
NA National Bank of CanadaCA$94.284.5%
+CA$1.4b		-1.6%PB1.5x
BNS Bank of Nova ScotiaCA$61.001.4%
+CA$1.1b		-11.5%PB1x
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Latest News

BMO

CA$113.66

Bank of Montreal

7D

3.0%

1Y

-15.4%

NA

CA$94.28

National Bank of Canada

7D

4.5%

1Y

-1.6%

CM

CA$56.55

Canadian Imperial Bank of Commerce

7D

5.3%

1Y

-4.8%

RY

CA$122.94

Royal Bank of Canada

7D

3.3%

1Y

-8.4%

TD

CA$81.91

Toronto-Dominion Bank

7D

-1.7%

1Y

-11.3%

BNS

CA$61.00

Bank of Nova Scotia

7D

1.4%

1Y

-11.5%

LB

CA$26.55

Laurentian Bank of Canada

7D

2.4%

1Y

-18.1%

EQB

CA$78.95

EQB

7D

6.3%

1Y

31.4%

CWB

CA$30.42

Canadian Western Bank

7D

5.8%

1Y

25.3%