TSX ETF Investor Centre
Canadian Banks – Stability in Good Times, Bad Times
The global banking industry has once again been thrown into turmoil with the recent regional bank failures of Silicon Valley Bank, Silvergate Capital, and Signature Bank in the U.S., as well as the takeover of Credit Suisse by UBS Group at the behest of regulators in Switzerland. While there were specific issues impacting each of these entities, these recent failures have highlighted the risks associated with the rapid increase in overnight interest rates over the past year as central banks around the world have moved swiftly to tighten policy in response to high inflation. These risks include declining asset values (i.e. bond investments) as a result of higher rates across the yield curve, particularly for banks that run a duration mismatch on their balance sheets, as well as the potential for banks to quickly lose deposits as depositors search for higher yields in investment products and/or flee in the face of a real or perceived banking crisis.
U.S. Financials: Why They Remain Attractive (Especially the Mid-Caps)
In this insight, we review six reasons why U.S. financials stocks remain attractive, and why the mid-caps could be set to resume their long history of material outperformance vs. the large-caps.
Canadian Banks: Catalyst #2 (Reserve Releases) Approaching
In this Insight, Hamilton ETFs explains why they believe reserve releases of between $6 and $8 billion for the Canadian banks are coming in 2021, which could have a material impact on share prices.
Canadian Banks: Are Analysts Underestimating the Recovery (Again)?
In this insight on the Canadian banks, Hamilton ETFs discusses the historical tendency of analysts to underestimate the strength of the earnings recovery during credit cycles. Specifically, Hamilton ETFs explores the implications to current and forward P/E multiples, and whether Canadian bank shares are even cheaper than they appear.
TSX ETF Exchange: Canadian Banks - What's Next?
A conversation with Robert Wessel from Hamilton ETFs and Graham MacKenzie from the Toronto Stock Exchange about Canadian Banks - What’s Next?