Jefferies downgrades RBC, TD while bulls bet on ongoing Canadian banking momentum [Yahoo! Finance Canada]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: Yahoo! Finance Canada
4 min read In this article Jefferies Financial Group downgraded two of Canada's largest banks on Tuesday to "Hold" from "Buy" in a bearish preview of the fourth-quarter earnings season that stands out against a generally more upbeat take from other analysts. “After an exceptionally strong run in the fall, the Canadian banks are trading at levels that could charitably be described as fully valued,” analyst John Aiken wrote in a note to investors. “In an outlook where top line growth will remain challenged, and credit pressures have yet to dissipate, we believe that the current downside risk is greater than their upside risk.” Jefferies downgraded both Royal Bank of Canada ( RY.TO RY ) and Toronto-Dominion Bank ( TD.TO TD ) to “Hold” from “Buy,” leaving no Canadian banks under their coverage with a “Buy” rating. That position is largely based on valuations rather than structural concerns. Aiken declared his outlook for the fourth quarter as “solid” and noted that “we still be
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JEF
Earnings
- 9/29/25 - Beat
JEF
Sec Filings
- 12/3/25 - Form 424B2
- 12/3/25 - Form 424B2
- 12/3/25 - Form 424B2
- JEF's page on the SEC website