
TSE:EQB
This summary was created by AI, based on 10 opinions in the last 12 months.
Equitable Group (EQB-T) is garnering significant interest following its acquisition of President's Choice Financial, which could drastically expand its customer base and enhance profitability. Analysts note that EQB's digital banking model allows for lean operations and competitive rates compared to major Canadian banks, contributing to its faster growth. Despite being categorized as a higher risk due to its specialization and reliance on a niche market, experts generally perceive the valuation as reasonable at 12x forward PE with a modest dividend yield. While some experts caution against potential risks and prefer the stability of larger banks, the overall sentiment remains optimistic about EQB's ability to outperform the market in the coming years.
(A Top Pick September 10/12. Up 48.27%.) Well run company. Similar to Home Capital (HCG-T), nonstandard mortgages. Trimmed his position because it became well over 10% of his portfolio. Expect it will go higher. Cheap.