Barlow’s Research Roundup: BMO analyst likes this bank stock amid expensive sector valuations
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow RY is top pickBMO Capital Markets analyst Sohrab Movahedi recommends investors be highly selective about domestic bank stocks,“Canadian bank stocks have had a strong start to the year and now trade at or near the upper end of their long-term valuation ranges—expensive in absolute and relative terms, but not without historical precedent. The current valuation premium is supported by accelerating earnings growth, improving ROEs, constructive Capital Markets momentum, and renewed global investor interest amid an encouraging Canadian macro backdrop.
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