TSE:EQB

Equitable Group (EQB.TO)

138.46
-0.02 (0.01%)
as of Jul 24, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 25, 2026, 12:00 am

This summary was created by AI, based on 10 opinions in the last 12 months.

Equitable Group (EQB) is viewed as a higher risk/reward investment compared to larger Canadian banks, such as RY and TD, which are known for their stability. The recent acquisition of PC Financial is seen as a key growth driver, potentially expanding their customer base and enhancing profitability through alternative lending niches. Analysts appreciate their digital banking model, suggesting it leads to lower operational costs and competitive rates. However, some express concerns about the bank's reliance on a limited diversification strategy amidst potential economic challenges, particularly in the mortgage market. Overall, while EQB presents growth opportunities, prudence is advised due to the current credit cycle dynamics and economic uncertainties.

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Consensus
Hold
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Valuation
Fair Value
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Similar
RY
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.

TOP PICK

It was caught up in the HCG-T issues. The short sellers started pouncing on these players. They secured loans at very low interest rates. They pre-empted potential contagion in the industry. They are getting so much new business that they can cherry pick their new customers. It is trading just above book. (Analysts’ target: $62.00).

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