Stock price when the opinion was issued
Underperformed this year relative to peers. In transition, and that will take a while to sort things out. Slowly selling off international assets. Trying to increase presence in US, a bit late to the game. Path forward is somewhat uncertain. Highest yield, so you'll be fine if you have a long horizon.
She's actually a bit nervous on all the banks.
Breakouts are good, and they typically last for a while. Based on the recent quick move, you can expect a pullback.
Looking at the 5-year chart, could meet some resistance at the $95 high of early 2022. But there isn't a big wall. Look back from late 2022 to mid-2024, there was a wall of around $70. One point in history is going to cause some resistance, but it's not as bad as multiple tests that can cause significant resistance.
All Canadian banks suffer uncertainty from housing bubble fears and so are performing weaker compared to the US banks. In Canada, he'd buy Bank of Nova Scotia for their Latin American exposure, because of the strong growth in those countries.