Markets

Financial Sector Update for 01/05/2017: BMO.TO, BNS.TO, CM.TO, NA.TO, RY.TO, TD.TO

BMO and RY, trading at the highest forward P/E multiples of the group are also forecast to have the lowest EPS growth in 2017, implying that they have the greatest relative valuation risk amongst the group, notes Barclays. While this could reflect the market pricing in more upside from their respective U.S. operations than are currently reflected in consensus estimates, it implies even greater upside for TD, which should also similarly benefit and trades at a lower multiple despite higher forecast growth.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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