Canadian equity roundtable: Part 3

Why aren't bank stocks trading at higher multiples?

Sonita Horvitch 11 November, 2016 | 6:00PM

Editor's note: This week's coverage of Morningstar's Canadian equity roundtable concludes today with the portfolio managers praising Canada's top railway companies and explaining why they view dividend-rich bank stocks as undervalued.

Our panellists:

Michael O'Brien, managing director and head of the core Canadian equity team at TD Asset Management Inc. His mandates include that of lead manager of TD Canadian Equity and TD Balanced Income.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bank of Montreal72.82 CAD2.74
Bank of Nova Scotia55.54 CAD2.60
Canadian Imperial Bank of Commerce91.62 CAD1.68
Canadian National Railway Co121.88 CAD0.90
Canadian Pacific Railway Ltd351.08 CAD0.99
Great-West Lifeco Inc23.90 CAD2.66
Manulife Financial Corp18.34 CAD2.29
Royal Bank of Canada93.08 CAD1.98
The Toronto-Dominion Bank59.92 CAD2.01

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Sonita Horvitch

Sonita Horvitch  

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