Investment Q&A

• Miscellaneous (MISC)
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Q: I am looking for some education on the impact of a loss of mortgage origination on a bank. Let's say that starting tomorrow, BMO can only find half as many people to sell mortgages to, but, all current mortgage holders renew their mortgage with them every 5 years, and keep paying their mortgages. Does it impact their P/E ratio? I'm guessing that the earnings would drop because there would not be enough new mortgage payers to compensate for those who are are almost done paying off their mortgage?

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Read Answer Asked by Matt on May 24, 2017

• Manulife Financial Corporation (MFC $53.20)
  • $53.20 P/E (TTM): 17.5X Cap: $89.20B
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• Great-West Lifeco Inc. (GWO $70.53)
  • $70.53 P/E (TTM): 16.33X Cap: $63.92B
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• Sun Life Financial Inc. (SLF $96.31)
  • $96.31 P/E (TTM): 15.66X Cap: $53.35B
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Q: Hi,

Of GWO, MFC & SLF, which do you prefer for total returns over the next couple of years & why?

Thanks,

Gord

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Read Answer Asked by Gordon on May 23, 2017

• Canadian Western Bank (CWB $56.63)
  • $56.63 P/E (TTM): 20.74X
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Q: I am thinking of purchasing a 2 year GIC. Would you consider CWB a safe investment considering what is going on with Home Capital?

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Read Answer Asked by Jerry on May 23, 2017

• Sun Life Financial Inc. (SLF $96.31)
  • $96.31 P/E (TTM): 15.66X Cap: $53.35B
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Q: Hi, Please share your thoughts about Sunlife. would you consider current price as a good entry point. Also, do you expect share price to be volatile in near future with presidential issues south of the border.

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Read Answer Asked by Harpinder on May 19, 2017

• TMX Group Limited (X $53.60)
  • $53.60 P/E (TTM): 35.97X Cap: $14.91B
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Q: Can I get your thoughts on TMX?

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Read Answer Asked by Alex on May 18, 2017

• Toronto-Dominion Bank (The) (TD $144.17)
  • $144.17 P/E (TTM): 11.54X Cap: $240.59B
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• Bank of Nova Scotia (The) (BNS $104.92)
  • $104.92 P/E (TTM): 20.41X Cap: $129.31B
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Q: biggest bang for the buck bns or td? tks pat

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Read Answer Asked by patrick on May 16, 2017

• Royal Bank of Canada (RY $244.23)
  • $244.23 P/E (TTM): 16.38X Cap: $341.07B
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• Toronto-Dominion Bank (The) (TD $144.17)
  • $144.17 P/E (TTM): 11.54X Cap: $240.59B
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• Bank of Nova Scotia (The) (BNS $104.92)
  • $104.92 P/E (TTM): 20.41X Cap: $129.31B
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• Sun Life Financial Inc. (SLF $96.31)
  • $96.31 P/E (TTM): 15.66X Cap: $53.35B
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• goeasy Ltd. (GSY $32.54)
  • $32.54 P/E (TTM): 2.37X Cap: $540M
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Q: Can you rank the stocks best to worst in your opinion. These are the stock s that are in my Financial Services Sector. Would you add, swap or remove any of them? My portfolio holdings/thoughts are very similar to your BE Portfolio. I was thinking to remove RY. Thank you and great job.

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Read Answer Asked by Terry on May 16, 2017

• ECN Capital Corp. (ECN $3.07)
  • $3.07 P/E (TTM): 36.97X Cap: $864M
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• Acasta Enterprises Inc. Class B Shares (AEF)
  • P/E (TTM): 5.2X Cap: $161M
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Q: Both companies still an interesting long term buy after "Acasta Announces Acquisition of ECN Capital's Commercial Aviation Business" ? Is this win-win deal?

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Read Answer Asked by MG on May 15, 2017

• Power Corporation of Canada Subordinate Voting Shares (POW $73.36)
  • $73.36 P/E (TTM): 32.75X Cap: $46.42B
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• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.68)
  • $5.68 P/E (TTM): 18.93X Cap: $605M
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Q: I have held POW for many years and am thinking about a switch, what do you think about selling POW and replacing it with FSZ?
appreciate your efforts.

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Read Answer Asked by ralph on May 15, 2017

• Power Corporation of Canada Subordinate Voting Shares (POW $73.36)
  • $73.36 P/E (TTM): 32.75X Cap: $46.42B
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Q: hi what is your opinion of pow have you got a better idea

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Read Answer Asked by earl on May 15, 2017

• Element Fleet Management Corp. (EFN $32.73)
  • $32.73 P/E (TTM): 23.89X Cap: $12.99B
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• ECN Capital Corp. (ECN $3.07)
  • $3.07 P/E (TTM): 36.97X Cap: $864M
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Q: YOU ANSWERED A READERS QUESTION ON EFN FAVOURABLY . YET SHARE PRICE OVER LAST WEEK AND 3 MONTHS ARE NEGATIVE.
ECN ON OTHERHAND SEEMS TO BE DOING MUCH BETTER .PLEASE CLARIFY

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Read Answer Asked by thambirajah on May 15, 2017

• Canadian Imperial Bank Of Commerce (CM $149.43)
  • $149.43 P/E (TTM): 15.57X Cap: $137.55B
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Q: Is CIBC a good buy at this level or should I wait or buy one of the other large banks??
This would be for my income portfolio.

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Read Answer Asked by Stephen on May 12, 2017

• Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ $5.68)
  • $5.68 P/E (TTM): 18.93X Cap: $605M
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Q: CAn you comment on earnings and current valuation.

Thanks

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Read Answer Asked by kelly on May 12, 2017

• Royal Bank of Canada (RY $244.23)
  • $244.23 P/E (TTM): 16.38X Cap: $341.07B
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• Toronto-Dominion Bank (The) (TD $144.17)
  • $144.17 P/E (TTM): 11.54X Cap: $240.59B
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• Bank of Nova Scotia (The) (BNS $104.92)
  • $104.92 P/E (TTM): 20.41X Cap: $129.31B
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Q: HI peter Can I have 5I comments on Moodys downgrade on Can banks
Kind Regards
Stan

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Read Answer Asked by Stan on May 12, 2017

• iA Financial Corporation Inc. (IAG $172.58)
  • $172.58 P/E (TTM): 15.25X Cap: $15.67B
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Q: Can you please comments on IAG earnings.

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Read Answer Asked by Hector on May 12, 2017

• Home Capital Group Inc. (HCG $44.26)
  • $44.26 P/E (TTM): 9.39X
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Q: Question relates to the current short position on Home Capital. With the recent 60% plus drop, I assume a lot of short covering occurred. With today's run up north of $10, I am wondering if the shorts are gearing up again. What do you think 5I and pls advise what % of float is shorted currently

As always, thanks!

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Read Answer Asked by Harry on May 11, 2017

• Home Capital Group Inc. (HCG $44.26)
  • $44.26 P/E (TTM): 9.39X
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Q: Is the HCG movement up speculation or is the situation improving for the company?
Thank You

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Read Answer Asked by Peter on May 11, 2017

• Home Capital Group Inc. (HCG $44.26)
  • $44.26 P/E (TTM): 9.39X
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Q: Good morning,
I am curious about HCG and its recent stock price rise.
If other banks/investors are taking a stake in this company by assuming responsibility for the mortgages within, how does this add value to HCG? I am assuming that the "insurers" are doing to collect the mortgage premiums.
Thanks
rick

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Read Answer Asked by Richard on May 11, 2017

• Bank of America Corporation (BAC $53.91)
  • $53.91 P/E (TTM): 14.26X Cap: $385.22B
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• Wells Fargo & Company (WFC $81.41)
  • $81.41 P/E (TTM): 12.98X Cap: $251.18B
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• Toronto-Dominion Bank (The) (TD $144.17)
  • $144.17 P/E (TTM): 11.54X Cap: $240.59B
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Q: I am concerned about my allocations to the banking sector. TD accounts for 16% of my portfolio and BAC/WFC combination 7%. All shares were purchased during the financial crisis and I have done extremely well with that move. With TD's US exposure I could pare BAC/WFC or reduce TD or continue to hold them? All shares are in RIFs. I am a conservative investor. Dividend income is good.

Thanks for your advice,

Docsinc

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Read Answer Asked by Tom on May 11, 2017

• Element Fleet Management Corp. (EFN $32.73)
  • $32.73 P/E (TTM): 23.89X Cap: $12.99B
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Q: Please dissect element financials earnings released today. I was about to sell this stock, now I am not so sure.

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Read Answer Asked by Cory on May 11, 2017