Some Shade Thrown on the Jump in Canadian Bank Share Prices

Dow Jones07-18

1350 ET - Canada's banks have carried the Toronto Stock Exchange to new heights, but valuations have reached levels far above what fundamentals can reasonably support, says Rosenberg Research's David Rosenberg. His advice is for investors to consider rebalancing their oversize holdings. Rosenberg says the fundamentals for the banks are genuinely good, but probably can't justify the roughly 33% rally for the six biggest lenders in 2026. The driver is credit losses shifting into reverse, resulting in lower provisions and higher earnings. Rosenberg says these kind of provision releases typically aren't repeatable, yet the Big Six are now trading on an average roughly 15 times expected 2027 earnings versus a historical around 11 times. (robb.stewart@wsj.com)

(END) Dow Jones Newswires

July 17, 2026 13:50 ET (17:50 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2652282785?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-18 01:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2652282785","market":"us","top_or_hot":-1,"title":"Some Shade Thrown on the Jump in Canadian Bank Share Prices","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1350 ET - Canada's banks have carried the Toronto Stock Exchange to new heights, but valuations have reached levels far above what fundamentals can reasonably support, says Rosenberg Research's David Rosenberg. His advice is for investors to consider rebalancing their oversize holdings. Rosenberg says the fundamentals for the banks are genuinely good, but probably can't justify the roughly 33% rally for the six biggest lenders in 2026. The driver is credit losses shifting into reverse, resulting in lower provisions and higher earnings. Rosenberg says these kind of provision releases typically aren't repeatable, yet the Big Six are now trading on an average roughly 15 times expected 2027 earnings versus a historical around 11 times. (robb.stewart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 17, 2026 13:50 ET (17:50 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Some Shade Thrown on the Jump in Canadian Bank Share Prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSome Shade Thrown on the Jump in Canadian Bank Share Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-18 01:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1350 ET - Canada's banks have carried the Toronto Stock Exchange to new heights, but valuations have reached levels far above what fundamentals can reasonably support, says Rosenberg Research's David Rosenberg. His advice is for investors to consider rebalancing their oversize holdings. Rosenberg says the fundamentals for the banks are genuinely good, but probably can't justify the roughly 33% rally for the six biggest lenders in 2026. The driver is credit losses shifting into reverse, resulting in lower provisions and higher earnings. Rosenberg says these kind of provision releases typically aren't repeatable, yet the Big Six are now trading on an average roughly 15 times expected 2027 earnings versus a historical around 11 times. (robb.stewart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 17, 2026 13:50 ET (17:50 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CM","symbol_name":"加拿大帝国商业银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2652282785","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2652282785","pubTimestamp":1784310600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1350 ET - Canada's banks have carried the Toronto Stock Exchange to new heights, but valuations have reached levels far above what fundamentals can reasonably support, says Rosenberg Research's David Rosenberg. His advice is for investors to consider rebalancing their oversize holdings. Rosenberg says the fundamentals for the banks are genuinely good, but probably can't justify the roughly 33% rally for the six biggest lenders in 2026. The driver is credit losses shifting into reverse, resulting in lower provisions and higher earnings. Rosenberg says these kind of provision releases typically aren't repeatable, yet the Big Six are now trading on an average roughly 15 times expected 2027 earnings versus a historical around 11 times.  Dow Jones NewswiresJuly 17, 2026 13:50 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CM":"加拿大帝国商业银行","BMO":"蒙特利尔银行","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","BK4207":"综合性银行","TD":"道明银行","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","BK4566":"资本集团","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","BNS":"丰业银行","BK4585":"ETF&股票定投概念","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","GSIB":"THEMES GLOBAL SYSTEMICALLY IMPORTANT BANKS ETF"},"translate_title":"加拿大银行股价上涨蒙上了一些阴影","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CM":0.9,"BMO":0.9,"GSIB":0.6,"TD":0.9,"BNS":0.9},"content_text":"1350 ET - Canada's banks have carried the Toronto Stock Exchange to new heights, but valuations have reached levels far above what fundamentals can reasonably support, says Rosenberg Research's David Rosenberg. His advice is for investors to consider rebalancing their oversize holdings. Rosenberg says the fundamentals for the banks are genuinely good, but probably can't justify the roughly 33% rally for the six biggest lenders in 2026. The driver is credit losses shifting into reverse, resulting in lower provisions and higher earnings. Rosenberg says these kind of provision releases typically aren't repeatable, yet the Big Six are now trading on an average roughly 15 times expected 2027 earnings versus a historical around 11 times. (robb.stewart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  July 17, 2026 13:50 ET (17:50 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2652282785","isCrawlerRequest":true}