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Canadian (TSX) Banks Industry Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies9
  • 7D-1.1%
  • 3M6.4%
  • 1Y-2.5%
  • YTD-9.6%

Over the last 7 days, the Banks industry has dropped 1.1%, driven by a pullback from Toronto-Dominion Bank of 1.6%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 1.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022CA$614.6bCA$184.3bCA$61.3b9.7x10x3.3x
Sat, 29 Oct 2022CA$589.0bCA$185.3bCA$61.0b9.3x9.7x3.2x
Mon, 26 Sep 2022CA$576.4bCA$185.3bCA$61.0b8.7x9.4x3.1x
Wed, 24 Aug 2022CA$607.2bCA$188.4bCA$63.1b9.4x9.6x3.2x
Fri, 22 Jul 2022CA$587.5bCA$188.4bCA$63.0b9x9.3x3.1x
Sun, 19 Jun 2022CA$600.5bCA$188.4bCA$63.0b9.4x9.5x3.2x
Tue, 17 May 2022CA$628.3bCA$184.0bCA$58.9b10.6x10.7x3.4x
Thu, 14 Apr 2022CA$662.5bCA$184.0bCA$58.9b11.3x11.3x3.6x
Sat, 12 Mar 2022CA$689.7bCA$184.0bCA$58.9b11.4x11.7x3.7x
Mon, 07 Feb 2022CA$725.2bCA$180.6bCA$56.4b12.8x12.8x4x
Wed, 05 Jan 2022CA$684.4bCA$180.6bCA$56.4b12.2x12.1x3.8x
Fri, 03 Dec 2021CA$648.4bCA$178.7bCA$57.2b11x11.3x3.6x
Sun, 31 Oct 2021CA$640.5bCA$175.2bCA$55.3b11.5x11.6x3.7x
Tue, 28 Sep 2021CA$620.3bCA$175.2bCA$55.3b11.2x11.2x3.5x
Thu, 26 Aug 2021CA$626.3bCA$175.2bCA$55.3b11.4x11.3x3.6x
Fri, 02 Jul 2021CA$617.1bCA$167.1bCA$49.9b12.4x12.4x3.7x
Mon, 05 Apr 2021CA$569.9bCA$154.1bCA$41.9b13.8x13.6x3.7x
Thu, 07 Jan 2021CA$501.9bCA$151.8bCA$40.2b12.7x12.5x3.3x
Wed, 30 Sep 2020CA$432.1bCA$151.6bCA$38.1b11.1x11.3x2.8x
Sat, 04 Jul 2020CA$419.3bCA$153.2bCA$40.3b9.9x10.4x2.7x
Tue, 07 Apr 2020CA$405.2bCA$163.7bCA$46.6b8.3x8.7x2.5x
Fri, 10 Jan 2020CA$509.6bCA$161.0bCA$45.3b11.3x11.2x3.2x
Price to Earnings Ratio

11.7x


Total Market Cap: CA$529.9bTotal Earnings: CA$45.3bTotal Revenue: CA$161.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Banks Industry Price to Earnings3Y Average 11.1x202020212022
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 11.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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 Market0.70%
Financials0.24%
Banks-1.07%
Regional Banks-1.06%
Diversified Banks-1.07%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 11.2x.
    • Analysts are expecting annual earnings growth of 1.0%, which is lower than the prior year's growth of 7.3% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 8.2% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings growth to stay flat 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$64.790.08%
+CA$45.3m
-8.3%PB1.3x
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Latest News

VBNK

CA$8.98

VersaBank

7D

-0.2%

1Y

-43.8%

RY

CA$133.78

Royal Bank of Canada

7D

-0.7%

1Y

6.4%

BMO

CA$131.38

Bank of Montreal

7D

-1.0%

1Y

-1.0%

TD

CA$89.53

Toronto-Dominion Bank

7D

-1.6%

1Y

-2.7%

CM

CA$64.79

Canadian Imperial Bank of Commerce

7D

0.08%

1Y

-8.3%

CWB

CA$25.85

Canadian Western Bank

7D

-1.1%

1Y

-29.5%

LB

CA$33.21

Laurentian Bank of Canada

7D

-2.3%

1Y

-10.1%