Stock price when the opinion was issued
Make sure it stays above $86. A range of $5 is not going to break the bank ;) But $86 is where you might want to start trimming and looking at some of the underperforming banks such as TD. He can't imagine TD will stay in its current situation forever. This strategy will also add to your diversification. But be cautious selling, because it's on a nice upswing.
This type of stock is not going to drop from $91 to $50 on a single announcement, it's a lot more predictable than that.
Taking less on credit provisions than other banks. Positive: credit situation better than others. Negative: taking more risk and, if wrong, stock would be penalized. Canada-centric. Exposed to residential mortgages and commercial real estate in Canada; two iffy sectors, but doing better than expected. Good earnings and good asset management.
Don't sell. Trading more cheaply than RY. RY commands a premium price for a premium asset.
Used to have a habit of running into sharp objects, but CEO has turned this around. Warrants consideration. Great domestic personal and commercial business, capital markets, and wealth management. Modest presence in US, and has stayed out of trouble there.
If you already own NA and RY, consider TD or BMO before this one. But if you're going to add 2 more banks to your portfolio, no quarrels with adding this one.
Owns it in his firm's dividend model. Doesn't expect a stock split, as banks have abandoned the old rule of thumb to split once stock reaches $100.
We now have an understanding that tariffs will be 35%, which will cause some havoc importing our goods into the US. But can Mark Carney grow Canada by continuing to reduce barriers and by seeing some growth between provinces? If yes, then banks in general are primed to do quite well going forward. They'll be supplying the funding for companies, infrastructure, etc.