CIBC reveals its top picks in the outperforming Canadian bank sector [Toronto Globe and Mail (Ontario, Canada)]
Canadian Pacific Kansas City Limited Common Shares (CP)
Last canadian pacific kansas city limited common shares earnings: 4/21 04:24 pm
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investor.cpr.ca/financials/default.aspx
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Source: Toronto Globe and Mail
CIBC reveals its top picks in the outperforming Canadian bank sector Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow CIBC analyst Paul Holden reviews the recent earnings reports from the major Canadian banks and assesses the extent of further upside, “Bank stocks have handily outperformed the TSX Composite YTD. Investors are rightly asking if all the optimism has been priced in. F2022 consensus EPS certainly looks more appropriate as it has only now pushed above prepandemic levels (1% higher on average). However, we see potential upside to EPS from NIM [net interest margin] expansion and capital deployment, which we believe are high-probability scenarios. We also think valuation multiples, which are only a snick above average, could have more to give given the positive backdrop. We continue to like potential upside for the banks broadly and have a preference for names where consensus remains conservative, with visible potential cat
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CP
News
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- CPKC reports first-quarter results; celebrating one year as a combined companyPR Newswire
- Canadian Pacific Kansas City Limited declares dividendPR Newswire
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target raised by analysts at Raymond James from $120.00 to $130.00. They now have an "outperform" rating on the stock.MarketBeat
CP
Earnings
- 4/24/24 - Beat
CP
Sec Filings
- 4/24/24 - Form 8-K
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- CP's page on the SEC website