In our latest video, Rob Wessel discusses the key issues facing TD Bank in light of its recent challenges related to anti-money laundering. In particular, Rob identifies four key issues and three possible scenarios on where TD Bank stock could go from here.
Insights: Canadian Banks
Canadian Banks: Rob Wessel on BNN Bloomberg
Rob Wessel was on BNN Bloomberg last week for the beginning of Canadian bank earnings to discuss TD Bank results and what they could mean for the rest of the group. He also provided his thoughts on: (i) TD Bank’s anti-money laundering probe; (ii) risks of mortgage resets; and (iii) the catalysts needed to drive better performance from Canadian bank stocks going forward. BNN Bloomberg: Rob…
The Case for Australian Banks in Canadian Portfolios
It is well known that Canadian investors favour their domestic banking oligopoly for its history of solid growth and stable dividends. What is less well known is that Australia is home to one of the world’s best banking sectors, with nearly identical long-term returns and dividends to those of the Canadian banks. A desire to provide investors with diversification to another world class banking sector in…
Canadian Banks: Buying Opportunity? (BNN Video)
Rob Wessel was on BNN Bloomberg to discuss the catalysts needed to get Canadian bank stocks moving from their low valuations, and if now is the right time to buy.
BMO/BNS Q1 2024 Takeaways (BNN Video)
Canadian bank earnings season began with BMO and BNS reporting Q1 results. This morning, Rob Wessel was on BNN Bloomberg discussing his key takeaways (see video below).
Video: History Favours the Canadian Banks in 2024
The Canadian banks had a negative return of more than 10% for the 2-year period ending October 31st*. In this 5-minute video, Rob Wessel discusses how rare of an event this has been over the last 20 years, what it has meant in the past, and what this could mean for the Canadian banks in 2024. Tax Loss Switch Ideas: Below we highlight our suite of…
Canadian Banks Q4 Earnings: Does Worse = Better?
Does worse = better for the Canadian banks when they report Q4 earnings later this month? In this 10-minute video, Rob Wessel discusses three ways the banks might “clean-up” fQ4 earnings to try to set the stage for an improved f2024. Tax Loss Switch Ideas: With Canadian banks down over the last two years and trading at depressed valuations, we highlight our suite of Canadian bank ETFs…
Video: Canadian Banks – Further Evidence of Rising Political and Regulatory Risk
With growing political opposition to the RBC/HSBC deal being approved, we provide an 8-minute video with Rob Wessel discussing the implications of rising political and regulatory risk for the Canadian banks, a theme that has been growing over the years. In particular, we talk about the implications to RBC if the deal is not approved, the various forms of regulatory risk, and what this theme means…
Canadian Banks: History Points to a Stronger 2024 (After Two Tough Years)
At the end of August, the S&P/TSX Canadian Diversified Bank Total Return Index (“Canadian bank index”) was lower versus two years earlier – a rare event. In fact, since its inception in May 2002, the Canadian bank index has had a negative rolling two-year return at just 24 month-ends (out of 232 month-ends)[1]. Historically, such an occurrence has represented a buying opportunity. Over the same 20+…
Canadian Banks: Three Ways the Banks Might “Clean Up” fQ4 (and Improve f2024)
The Canadian bank index is at roughly the same level it was two years ago – a very rare event[1]. Coming out of COVID, the sector rallied to a new peak in February 2022 when inflationary concerns took the index down over 20% in the following months, to levels it has remained on and off since. Part of the reason Canadian bank stocks have not risen…
Canadian Banks Q3 2023 Takeaways (BNN)
Rob Wessel was on BNN Bloomberg discussing the latest reporting results for the Canadian banks. More specifically, Rob provided his thoughts on how despite Canadian banks being flat over the last two years, the group is well positioned for a strong 2024 and how historically, buying the banks at these discounted valuations has proven to be an attractive opportunity for long-term investors. Canadian Banks Positioned for a…
Video: Canadian Banks – Weathering the Storm (15 min)
Watch our latest Q&A video update on the Canadian banks with Rob Wessel. In this 15-minute video, Rob provides our key takeaways from Q2 earnings, thoughts on depressed valuations, and potential risks/catalysts for the sector moving forward. Disclaimer: Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs) managed by Hamilton ETFs.…