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Canadian (TSX) Diversified Banks Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies7
  • 7D0.5%
  • 3M16.4%
  • 1Y63.1%
  • YTDn/a

The Diversified Banks industry has stayed flat over the last week. The past year has been better, since the industry has gained 63% in that time. Looking forward, earnings are forecast to grow by 4.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026CA$1.3tCA$237.6bCA$68.1b19.1x18.5x5.3x
Tue, 07 Jul 2026CA$1.2tCA$237.6bCA$68.1b19x18.3x5.2x
Thu, 04 Jun 2026CA$1.1tCA$237.6bCA$68.1b17.1x16.7x4.8x
Sat, 02 May 2026CA$1.1tCA$238.4bCA$71.9b16.6x15.1x4.5x
Mon, 30 Mar 2026CA$952.8bCA$238.4bCA$71.9b15x13.3x4x
Wed, 25 Feb 2026CA$1.0tCA$230.5bCA$68.5b15.4x14.8x4.4x
Fri, 23 Jan 2026CA$986.1bCA$230.3bCA$67.4b16.4x14.6x4.3x
Sun, 21 Dec 2025CA$982.4bCA$230.3bCA$67.4b15.4x14.6x4.3x
Tue, 18 Nov 2025CA$903.9bCA$225.9bCA$65.7b14.7x13.8x4x
Thu, 16 Oct 2025CA$884.1bCA$225.9bCA$65.7b15.5x13.5x3.9x
Sat, 13 Sep 2025CA$861.8bCA$225.9bCA$65.7b15x13.1x3.8x
Mon, 11 Aug 2025CA$791.0bCA$218.2bCA$60.0b14.3x13.2x3.6x
Wed, 09 Jul 2025CA$781.1bCA$218.2bCA$60.0b14.2x13x3.6x
Fri, 06 Jun 2025CA$748.5bCA$218.2bCA$60.0b13.6x12.5x3.4x
Sun, 04 May 2025CA$707.7bCA$206.4bCA$50.7b13.2x14x3.4x
Tue, 01 Apr 2025CA$685.9bCA$206.4bCA$50.7b13x13.5x3.3x
Thu, 27 Feb 2025CA$720.8bCA$202.2bCA$48.8b14.2x14.8x3.6x
Sat, 25 Jan 2025CA$720.9bCA$201.3bCA$48.9b13.9x14.7x3.6x
Mon, 23 Dec 2024CA$707.2bCA$201.3bCA$48.9b13.8x14.5x3.5x
Wed, 20 Nov 2024CA$703.5bCA$204.1bCA$46.9b14.5x15x3.4x
Fri, 18 Oct 2024CA$693.3bCA$204.1bCA$46.9b14x14.8x3.4x
Sun, 15 Sep 2024CA$681.1bCA$204.1bCA$46.9b12.9x14.5x3.3x
Tue, 13 Aug 2024CA$614.6bCA$200.4bCA$48.8b12.3x12.6x3.1x
Thu, 11 Jul 2024CA$606.8bCA$200.4bCA$48.8b12x12.4x3x
Sat, 08 Jun 2024CA$613.3bCA$200.4bCA$48.8b12.3x12.6x3.1x
Mon, 06 May 2024CA$598.1bCA$196.7bCA$48.6b11.5x12.3x3x
Wed, 03 Apr 2024CA$620.7bCA$196.7bCA$48.6b11.8x12.8x3.2x
Fri, 01 Mar 2024CA$591.6bCA$195.5bCA$46.1b12.4x12.8x3x
Sun, 28 Jan 2024CA$596.4bCA$193.2bCA$44.0b12.1x13.6x3.1x
Tue, 26 Dec 2023CA$606.5bCA$193.2bCA$44.0b12.6x13.8x3.1x
Thu, 23 Nov 2023CA$559.3bCA$195.3bCA$50.9b10.8x11x2.9x
Sat, 21 Oct 2023CA$516.8bCA$195.3bCA$50.9b10.1x10.1x2.6x
Mon, 18 Sep 2023CA$575.9bCA$195.3bCA$50.9b10.8x11.3x2.9x
Wed, 16 Aug 2023CA$572.0bCA$190.7bCA$51.5b10.8x11.1x3x
Price to Earnings Ratio

11.1x


Total Market Cap: CA$572.0bTotal Earnings: CA$51.5bTotal Revenue: CA$190.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Diversified Banks Industry Price to Earnings3Y Average 13.7x202420252026
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 18.5x which is higher than its 3-year average PE of 13.7x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 9.8% per year over the last three years.
  • Revenues for these companies have grown 7.6% 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 Market2.38%
Financials0.92%
Banks0.48%
Diversified Banks0.49%
Regional Banks-1.53%
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
TD Toronto-Dominion BankCA$169.300.7%
+CA$2.1b		68.0%PB2.3x
RY Royal Bank of CanadaCA$294.590.4%
+CA$1.6b		61.5%PB3.2x
BNS Bank of Nova ScotiaCA$124.000.8%
+CA$1.3b		61.0%PB1.7x
BMO Bank of MontrealCA$253.240.7%
+CA$1.2b		63.2%PB2.1x
NA National Bank of CanadaCA$227.570.4%
+CA$314.7m		55.1%PB2.7x

Latest News

BMO
CA$253.24
Bank of Montreal
7D
0.7%
1Y
63.2%
TD
CA$169.30
Toronto-Dominion Bank
7D
0.7%
1Y
68.0%
Narrative Update • Aug 06

TD: Future Will Reflect AI Execution Capital Markets Strength And Valuation Debate

Toronto Dominion Bank's analyst price target has been updated from CA$159.57 to CA$163.00, reflecting broader Street research in which analysts have lifted targets on the stock following stronger than expected Q2 results, improved confidence in management execution, and solid contributions from capital markets and U.S. lending. Analyst Commentary Recent Street research on Toronto Dominion Bank shows a cluster of higher price targets following the latest fiscal Q2 report, with opinions split between strongly constructive and more cautious views on valuation and execution risk.
BNS
CA$124.00
Bank of Nova Scotia
7D
0.8%
1Y
61.0%
Narrative Update • Aug 05

BNS: Dividend Strength And AI Adoption Will Support Steady Fair Value

Analysts have modestly raised their price target for Bank of Nova Scotia to CA$117.62 from CA$115.21, citing recent Q2 report takeaways and updated fair value and P/E assumptions that are in line with broader Street target increases across the Canadian banking sector. Analyst Commentary Recent Street research on Bank of Nova Scotia shows a cluster of price target moves around the latest Q2 results, with analysts updating their views on valuation, earnings power, and risk around credit quality.
CM
CA$165.64
Canadian Imperial Bank of Commerce
7D
-0.2%
1Y
65.7%
RY
CA$294.59
Royal Bank of Canada
7D
0.4%
1Y
61.5%
NA
CA$227.57
National Bank of Canada
7D
0.4%
1Y
55.1%
LB
CA$40.25
Laurentian Bank of Canada
7D
-0.07%
1Y
31.8%