08/31/2026
Canada’s Big Six banks have returned 53% over the past year, against the 32% return of the S&P/TSX Composite Total Return Index.
That strong performance has pushed Canadian bank valuations to a 20+ year high, with the Big Six now trading at roughly 15x expected earnings, well above their historical 10x to 12x range. Brompton believes four factors could support these higher valuations: stronger capital, lighter-touch regulation, a less cyclical loan book and growing foreign demand.
So, are Canadian banks entering a new valuation era?
Read the latest : https://www.bromptongroup.com/insight/canadian-banks-are-higher-valuations-the-new-normal/