1000 ET - The outlook for Canadian banks in 2025 is enough to keep their stocks trading higher, despite a lackluster F4Q. CIBC says in a note that F4Q was a mixed quarter with fewer beats and more misses than last quarter, but this shouldn't stop investors from jumping in given the relatively positive outlooks for next year. "Valuations for the group are fulsome, but not stretched when looking out to 2026," CIBC says, suggesting that investors look for banks with the most EPS growth and ROE upside relative to F2026 consensus expectations. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
December 13, 2024 10:00 ET (15:00 GMT)
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