Canadian equity roundtable: Part 3

Why aren't bank stocks trading at higher multiples?

Sonita Horvitch 11 November, 2016 | 6:00PM
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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 Montreal129.22 CAD0.59Rating
Bank of Nova Scotia79.13 CAD1.12Rating
Canadian Imperial Bank of Commerce145.34 CAD-0.34Rating
Canadian National Railway Co147.78 CAD0.84Rating
Canadian Pacific Railway Ltd84.33 CAD1.25Rating
Great-West Lifeco Inc38.72 CAD0.65Rating
Manulife Financial Corp24.79 CAD1.45Rating
Royal Bank of Canada128.06 CAD0.13Rating
The Toronto-Dominion Bank84.37 CAD1.33Rating

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Sonita Horvitch

Sonita Horvitch  

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