TSE:EQB

Equitable Group (EQB.TO)

142.00
+3.12 (2.25%)
as of Aug 14, 2026, 8:00:00 pm Market Open.
149 watching
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Investor Insights
star iconAug 15, 2026, 12:00 am

This summary was created by AI, based on 11 opinions in the last 12 months.

Equitable Group Inc. (EQB-T) is recognized as a growing alternative banking option in Canada, notably after its acquisition of President's Choice Financial, which is seen as a strategic move to access a larger customer base. Analysts appreciate its digital-only model, which allows for leaner operations and competitive rates, especially in comparison to the major Canadian banks. However, the stock carries higher risk given its exposure to the residential mortgage market and credit cycles, which raises concerns amidst the current economic climate. While some experts highlight its potential for substantial growth and commend its management, others advise caution due to its lack of diversification compared to larger banking institutions. The shares currently trade at attractive multiples, with an attractive dividend yield, but a number of analysts suggest waiting for a better entry point given the ongoing credit challenges.

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Consensus
Cautious
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Valuation
Fair Value
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Similar
RY
WEAK BUY
Trading close to book value. He's looking at it. Concerns are net interest margins and funding costs. Fairly diversified portfolio of sources of capital. Potential loan growth might be stunted with housing slowdown. Improved commercial mortgages. Pending acquisition should go well.
Unspecified
It is a fantastic business and has been a solid performer for many years. Other names will give better growth.
BUY
Extremely well managed company. Very successful in gaining market share in alternative lending. Launching initiative to become a challenger bank (will be 6th or 7th largest bank in Canada soon). Current share price presenting good buying opportunity. Share price to book value is currently a good price.
HOLD
Very well managed company. Has recently sold position as share price increased. Very strong growth in recent years with pandemic. Challenger bank that is executing well and growing. Dividend increasing, and stock priced cheap compared to large Canadian banks.
BUY
A great business with a strong management team. They take advantage of inefficiencies in Canadian industry that banks are not doing. Their bank offering is doing well with increase in account openings. They have seen big deferrals from last quarter but it has now stabilized. There is good organic growth and a possible expansion of the addressable market.
PARTIAL SELL
We aren't to going to have enough homes for retirees. Living in your home is going to be a big thing and reverse mortgages are going to be a big thing. He does not know if equitable is going to be the place to play this. He would partial sell these REITs at the moment.
PAST TOP PICK
(A Top Pick Jun 27/18, Up 17%) It had been dragged down with the Home Capital concerns a year ago. They had three dividend bumps over the year. It trades at 6.5 times earnings.
DON'T BUY

He thinks this mortgage lender has a dividend that is growing and trades at a low PE ratio. It is not a low risk company, as it makes loans to non-conventional borrowers. At this point in the market cycle, with high consumer debt, he would prefer to own a bank with larger market cap and higher liquidity. Yield 1.5%.

TOP PICK

Mortgage financing when housing has cooled off. But EQB just announced they will relinquish some of their standby facilities that they took on during the Home Capital crisis last year--this will save them 25-cents a share in earnings next year and cost them a non-cash write-off. It boasts 5.5x earnings and a solid dividend. A potential for buybacks. This stock will be much higher in 2019. (Analysts' price target: $70.00)

PAST TOP PICK

(A Top Pick Jun. 26/17, Down 5%) They are now the largest in the industry. They are extremely well managed. They had record results and raised the dividend several times since he recommended it. It is trading below book value. It is a great value investment and is growing well despite the new mortgage rules. Customers wanting to take mortgages elsewhere are subject to the new stress tests.

COMMENT

Small financial in Canadian mortgage business. Stock struggling because it is in the Canadian mortgage business. Cheap stock and well run. He does not think that mortgages will be a massive problem.

COMMENT

Canadian Banks? He looks favourably on Canadian banks in general, because he likes the backdrop for energy. This is his favourite, and is actually the smallest of the group. Trades at the lowest valuation of the entire group. Trades at 1X Book compared to the National Bank (NA-T) at 2X. The Canadian bank trade should continue to drift higher.

BUY ON WEAKNESS

It has been thriving. It is an extremely well managed and well capitalized company. Their business is growing dramatically. Buy it whenever it is below book value.

COMMENT

There is nothing wrong with this company’s balance sheet. The overwhelming problem with the group was the issue of whether lenders, the people who bought the GICs, etc., wouldn’t freak out and panic when some of the US hedge funds started Shorting.

PAST TOP PICK

(A Top Pick July 5/16. Up 14.74%.) The whole alternative lending sector took big tumbles on the Home Capital (HCG-T) situation. This is in a much better shape in this group.

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