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Canadian (TSX) Diversified Banks Industry Analysis

UpdatedDec 08, 2023
DataAggregated Company Financials
Companies7
  • 7D0.9%
  • 3M1.5%
  • 1Y-7.1%
  • YTD-4.5%

Over the last 7 days, the Diversified Banks industry has risen 1.1%, driven by gains from Bank of Montreal of 4.8%. In the past year, the industry is down 7.2%. Earnings are forecast to grow by 8.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 08 Dec 2023CA$564.7bCA$193.2bCA$44.0b11.4x12.8x2.9x
Sun, 05 Nov 2023CA$537.8bCA$195.3bCA$50.9b10.4x10.6x2.8x
Tue, 03 Oct 2023CA$550.4bCA$195.3bCA$50.9b10.3x10.8x2.8x
Thu, 31 Aug 2023CA$569.3bCA$195.6bCA$51.2b10.8x11.1x2.9x
Sat, 29 Jul 2023CA$594.9bCA$190.7bCA$51.5b11x11.5x3.1x
Mon, 26 Jun 2023CA$555.3bCA$190.7bCA$51.5b10.1x10.8x2.9x
Wed, 24 May 2023CA$575.3bCA$190.8bCA$57.0b10.1x10.1x3x
Fri, 21 Apr 2023CA$597.0bCA$190.8bCA$57.0b10.2x10.5x3.1x
Sun, 19 Mar 2023CA$565.1bCA$190.8bCA$57.0b9.5x9.9x3x
Tue, 14 Feb 2023CA$637.6bCA$190.7bCA$65.2b9.3x9.8x3.3x
Thu, 12 Jan 2023CA$598.0bCA$190.7bCA$65.2b8.6x9.2x3.1x
Sat, 10 Dec 2022CA$599.1bCA$190.7bCA$65.2b8.8x9.2x3.1x
Mon, 07 Nov 2022CA$589.0bCA$184.2bCA$60.7b9.5x9.7x3.2x
Wed, 05 Oct 2022CA$590.8bCA$184.2bCA$60.7b9.1x9.7x3.2x
Fri, 02 Sep 2022CA$576.1bCA$184.2bCA$60.7b8.8x9.5x3.1x
Sun, 31 Jul 2022CA$594.5bCA$187.3bCA$62.6b9.3x9.5x3.2x
Tue, 28 Jun 2022CA$590.5bCA$187.3bCA$62.6b9.1x9.4x3.2x
Thu, 26 May 2022CA$637.3bCA$182.9bCA$58.5b10.6x10.9x3.5x
Sat, 23 Apr 2022CA$651.8bCA$182.9bCA$58.5b11.4x11.1x3.6x
Mon, 21 Mar 2022CA$706.2bCA$182.9bCA$58.5b11.7x12.1x3.9x
Wed, 16 Feb 2022CA$720.8bCA$179.6bCA$56.1b12.9x12.8x4x
Fri, 14 Jan 2022CA$710.1bCA$179.6bCA$56.1b12.7x12.7x4x
Sun, 12 Dec 2021CA$652.0bCA$179.6bCA$56.2b11.1x11.6x3.6x
Tue, 09 Nov 2021CA$649.1bCA$174.2bCA$55.0b11.5x11.8x3.7x
Thu, 07 Oct 2021CA$614.7bCA$174.2bCA$55.0b11.1x11.2x3.5x
Sat, 04 Sep 2021CA$612.7bCA$174.2bCA$55.0b11.2x11.1x3.5x
Mon, 02 Aug 2021CA$604.6bCA$174.2bCA$55.0b11.1x11x3.5x
Thu, 06 May 2021CA$579.3bCA$166.1bCA$49.6b11.9x11.7x3.5x
Sun, 07 Feb 2021CA$497.0bCA$153.2bCA$41.6b11.7x12x3.2x
Price to Earnings Ratio

12.5x


Total Market Cap: CA$499.2bTotal Earnings: CA$39.9bTotal Revenue: CA$150.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Diversified Banks Industry Price to Earnings3Y Average 11x20222023
Current Industry PE
  • Investors are optimistic on the Canadian Diversified Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.8x which is higher than its 3-year average PE of 11.0x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 3.3% per year over the last three years.
  • Revenues for these companies have grown 8.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Canadian Diversified Banks compare with similar industries?

CA Market-1.78%
Financials1.11%
Banks0.92%
Diversified Banks0.89%
Regional Banks3.65%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BMO Bank of MontrealCA$118.504.3%
+CA$3.5b		-6.1%PB1.2x
RY Royal Bank of CanadaCA$125.241.9%
+CA$3.2b		-4.3%PB1.6x
CM Canadian Imperial Bank of CommerceCA$58.453.4%
+CA$1.8b		-0.1%PB1.1x
NA National Bank of CanadaCA$94.550.3%
+CA$91.3m		-0.4%PB1.5x
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Latest News

LB

CA$25.84

Laurentian Bank of Canada

7D

-2.7%

1Y

-22.5%

BMO

CA$118.50

Bank of Montreal

7D

4.3%

1Y

-6.1%

Bank of Montreal (TSE:BMO) Has Announced That It Will Be Increasing Its Dividend To CA$1.51

Dec 05
Bank of Montreal (TSE:BMO) Has Announced That It Will Be Increasing Its Dividend To CA$1.51

NA

CA$94.55

National Bank of Canada

7D

0.3%

1Y

-0.4%

National Bank of Canada's (TSE:NA) Dividend Will Be Increased To CA$1.06

Dec 05
National Bank of Canada's (TSE:NA) Dividend Will Be Increased To CA$1.06

CM

CA$58.45

Canadian Imperial Bank of Commerce

7D

3.4%

1Y

-0.1%

RY

CA$125.24

Royal Bank of Canada

7D

1.9%

1Y

-4.3%

TD

CA$81.01

Toronto-Dominion Bank

7D

-1.1%

1Y

-10.5%

BNS

CA$60.90

Bank of Nova Scotia

7D

-0.2%

1Y

-11.3%