By Ketki Saxena
Investing.com -- Earnings season kicks off for Canada’s banks tomorrow, with all 6 of Canada’s “Big Six” set to report earnings in the next two weeks. Here’s a comparison of the big 6 banks, including what Investors can expect at earnings calls, and key metrics including YTD returns, dividend yields, today’s stock price, and 52 week range. We’ve also included Investing Pro picks for the most undervalued Canadian banks with the greatest financial upside.
Royal Bank of Canada: Earnings tomorrow, Thursday Feb 24
EPS are forecast at 2.73 on revenue of $12.005 B, little changed from Q4 results of 2.71 EPS on Revenue of $ 12.376. EPS are set to be slightly higher than 2.69 this time last year, and revenue down from $12.943 B.
YTD, RY stock has returned 6.9% total price return to shareholders. RY offers a 3.37% annual dividend yield, paid quarterly.
As of market close on, RY stock was trading at $140.49, down -1.86 (-1.31%) in the day’s trading, with a 52-week range between $108.15 - 149.60. Investing Pro models suggest a fair price of $182.88, representing a 30.2% financial upside.
Canadian Imperial Bank of Commerce: Earnings this Friday, Feb 25, 2022
EPS are forecast at 3.68 on Revenue of $5.236 B, up from EPS 3.37 on revenue of $5.064 B in the last quarter, and EPS 3.58 on revenue $4.963 B in Q1 2021.
YTD, CIBC stock has returned 9.5% total price return to shareholders. CIBC offers a 4.01% annual dividend yield, paid quarterly.
As of market close today, CIBC shares were trading at $160.40, down -1.11 (-0.69%) in the day’s trading, and with a 52-week range of $116.49 - 167.50. Investing Pro models suggest a fair stock price of $222.88, representing a 39.0% financial upside.
National Bank of Canada: Earnings this Friday, Feb 25
EPS are forecast at 2.21 on revenue of $2.307 B, little changed from EPS 2.21 on revenue of $2.252 B in the last quarter.
Compared to this time last year, EPS are set to be significantly higher, up from 2.15, and revenue slightly higher, from $2.281 B.
YTD, NA stock has returned 6.1% total price return to shareholders. NA offers 3.42% annual dividend yield, paid quarterly.
As of market close today, NA shares were trading at $101.21 CAD, down -1.08 (-1.06%) for the day, and with a 52-week range between $76.49 - 106.10. Investing Pro models suggest a fair price target of $111.42, representing a 10.1% financial upside.
Bank of Nova Scotia: Earnings on Tuesday, March 1
EPS are forecast at 2.05 on revenue of $7.857 B, slightly lower than EPS 2.10 on revenue of $7.687 B in the last quarter. EPS are set to be significantly higher than 1.88 in Q1 2021, and revenue down from $8.072 B.
YTD: BNS stock has returned 2.4% total price return to shareholders. BNS offers a 4.36% annual dividend yield, paid quarterly.
As of market close today, BNS shares were trading at $91.02, down -0.65 (-0.71%) for the day, and with a 52-week range between $74.09 - 94.98. Investing Pro models suggest a fair price target of 107.95, representing an 18.6% financial upside.
Bank of Montreal: Earnings on Tuesday, March 1
EPS Estimate: 3.27 on revenue of $6.69 B. Forecasted EPS are slightly lower than 3.33 in the last quarter, and revenue is set to be slightly higher compared to the $6.573 B in Q4. Compared to this time last year, EPS are set to be significantly higher, and revenue slightly lower, from EPS of 3.06 on revenue of $6.975 B
YTD, BMO stock has returned 8.5% total price return to shareholders. BMO offers a 3.63% annual dividend yield, paid quarterly.
As of market close today, BMO stock was trading at $144.27, down -2.11 (-1.44%) in the day’s trading, with a 52-week range of $103.76 - 152.87. Investing Pro models suggest a fair price of $160.82, representing an 11.5% financial upside.
Toronto Dominion Bank: Earnings on Thursday, March 3
EPS are forecast at 2.04 on revenue of $10.199 B, slightly lower than Q4 results of EPS 2.09 on revenue of $10.327 B. EPS are set to be significantly higher than 1.83 this time last year, and revenue little changed from $10.074 B
YTD, TD (TSX:TD) stock has returned 10.3% total price return to shareholders. TD offers a 3.36% annual dividend yield, paid quarterly.
As of market close today, TD shares were trading at $104.65, down -1.40 (-1.32%) for the day, with a 52-week range of $76.87 - 109.07 . Investing Pro models suggest a fair price of $110.5, representing a 5.6% financial upside.