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Canadian (TSX) Diversified Banks Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies7
  • 7D0.6%
  • 3M0.01%
  • 1Y42.8%
  • YTDn/a

In the last week, Diversified Banks has been flat. The past year has been better, since the industry has gained 43% in that time. Looking forward, earnings are forecast to grow by 2.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026CA$970.5bCA$238.4bCA$71.9b15.3x13.5x4.1x
Sat, 21 Feb 2026CA$1.0tCA$230.3bCA$67.4b16.6x15x4.4x
Mon, 19 Jan 2026CA$996.6bCA$230.3bCA$67.4b16.3x14.8x4.3x
Wed, 17 Dec 2025CA$978.4bCA$230.3bCA$67.4b15.5x14.5x4.2x
Fri, 14 Nov 2025CA$914.4bCA$225.9bCA$65.7b15x13.9x4x
Sun, 12 Oct 2025CA$871.3bCA$225.9bCA$65.7b15.1x13.3x3.9x
Tue, 09 Sep 2025CA$851.0bCA$225.9bCA$65.7b15x13x3.8x
Thu, 07 Aug 2025CA$785.8bCA$218.2bCA$60.0b14.2x13.1x3.6x
Sat, 05 Jul 2025CA$781.0bCA$218.2bCA$60.0b14.1x13x3.6x
Mon, 02 Jun 2025CA$747.9bCA$218.2bCA$60.0b13.6x12.5x3.4x
Wed, 30 Apr 2025CA$692.8bCA$206.4bCA$50.7b13x13.7x3.4x
Fri, 28 Mar 2025CA$702.0bCA$206.4bCA$50.7b13.2x13.9x3.4x
Sun, 23 Feb 2025CA$712.7bCA$201.3bCA$48.9b14.2x14.6x3.5x
Tue, 21 Jan 2025CA$717.8bCA$201.3bCA$48.9b13.8x14.7x3.6x
Thu, 19 Dec 2024CA$717.3bCA$193.2bCA$49.5b13.8x14.5x3.7x
Sat, 16 Nov 2024CA$703.5bCA$204.1bCA$46.9b14.3x15x3.4x
Mon, 14 Oct 2024CA$685.3bCA$204.1bCA$46.9b13.7x14.6x3.4x
Wed, 11 Sep 2024CA$671.2bCA$204.1bCA$46.9b12.7x14.3x3.3x
Fri, 09 Aug 2024CA$604.1bCA$200.4bCA$48.8b12.2x12.4x3x
Sun, 07 Jul 2024CA$600.5bCA$200.4bCA$48.8b11.8x12.3x3x
Tue, 04 Jun 2024CA$617.2bCA$198.6bCA$48.7b12x12.7x3.1x
Thu, 02 May 2024CA$598.2bCA$196.7bCA$48.6b11.7x12.3x3x
Sat, 30 Mar 2024CA$623.9bCA$196.7bCA$48.6b12x12.8x3.2x
Mon, 26 Feb 2024CA$599.0bCA$193.2bCA$44.0b12.5x13.6x3.1x
Wed, 24 Jan 2024CA$593.9bCA$193.2bCA$44.0b12x13.5x3.1x
Fri, 22 Dec 2023CA$596.8bCA$193.2bCA$44.0b12.5x13.6x3.1x
Sun, 19 Nov 2023CA$554.1bCA$195.3bCA$50.9b10.8x10.9x2.8x
Tue, 17 Oct 2023CA$540.8bCA$195.3bCA$50.9b10.4x10.6x2.8x
Thu, 14 Sep 2023CA$566.8bCA$195.3bCA$50.9b10.7x11.1x2.9x
Sat, 12 Aug 2023CA$587.1bCA$190.7bCA$51.5b11x11.4x3.1x
Mon, 10 Jul 2023CA$570.1bCA$190.7bCA$51.5b10.5x11.1x3x
Wed, 07 Jun 2023CA$564.7bCA$190.7bCA$51.5b10.4x11x3x
Fri, 05 May 2023CA$572.2bCA$190.8bCA$57.0b10x10x3x
Sun, 02 Apr 2023CA$579.7bCA$190.8bCA$57.0b9.9x10.2x3x
Price to Earnings Ratio

10.2x


Total Market Cap: CA$579.7bTotal Earnings: CA$57.0bTotal Revenue: CA$190.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Diversified Banks Industry Price to Earnings3Y Average 13x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Diversified 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 13.0x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 8.0% per year over the last three years.
  • Revenues for these companies have grown 7.7% 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 Market0.31%
Financials0.47%
Banks0.62%
Diversified Banks0.62%
Regional Banks1.35%
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
RY Royal Bank of CanadaCA$224.510.7%
+CA$2.2b		35.2%PB2.4x
CM Canadian Imperial Bank of CommerceCA$134.531.5%
+CA$1.8b		62.1%PB1.9x
TD Toronto-Dominion BankCA$130.320.6%
+CA$1.4b		49.2%PB1.8x
BNS Bank of Nova ScotiaCA$96.630.8%
+CA$961.3m		38.8%PB1.4x

Latest News

RY
CA$224.51
Royal Bank of Canada
7D
0.7%
1Y
35.2%
BNS
CA$96.63
Bank of Nova Scotia
7D
0.8%
1Y
38.8%
LB
CA$40.18
Laurentian Bank of Canada
7D
-0.05%
1Y
46.5%
BMO
CA$189.47
Bank of Montreal
7D
-0.07%
1Y
36.0%
TD
CA$130.32
Toronto-Dominion Bank
7D
0.6%
1Y
49.2%

TD: Future Will Reflect Easing Mortgage Risks And Ongoing Share Repurchases

The analyst price target for Toronto-Dominion Bank has shifted slightly higher to CA$141.14 from CA$141.07, as analysts incorporate recent target increases across the Street, along with updated views on revenue trends, profitability, and future P/E assumptions. Analyst Commentary Recent Street research on Toronto-Dominion Bank points to a cluster of price target revisions that sit around the current consensus, with a mix of more optimistic and more cautious views on execution, valuation, and earnings durability.
NA
CA$181.23
National Bank of Canada
7D
-0.3%
1Y
50.4%
CM
CA$134.53
Canadian Imperial Bank of Commerce
7D
1.5%
1Y
62.1%

CM: Future Earnings Balance Will Hinge On Credit Costs And Capital Markets Performance

The analyst price target for Canadian Imperial Bank of Commerce has moved slightly to CA$143.75 from CA$143.97, reflecting a series of recent Street target increases that cite stronger than expected Q1 results, improving profitability metrics, and updated longer term earnings estimates across the Canadian bank group. Analyst Commentary Recent Street research on Canadian Imperial Bank of Commerce has been active, with several firms updating targets and views around the latest Q1 print and longer term earnings estimates.