Michael Hakes - CFA, MBA
Citibank
C-NYSE
HOLD
Aug 26, 2022
Does not own shares in the company.
Expecting 10% upside on the shares. Not high enough to justify investment.
Trading at 0.6x book value.
Lower ROE than competitors in the market sector.
Street target on the share price is ~$71.
Believes Canadian banks are presenting better value.