ROE Targets May Be a Stretch for Some Canadian Banks, Life Cos -- Market Talk

Dow Jones

Yesterday

0811 ET - If most of Canada's banks and life insurers are going to meet their return on equity targets they may need to turn to restructuring programs, accretive acquisitions or simply have business growth beyond current assumptions, RBC Capital Markets reckons. RBC says it expects capital could reach excessive levels by 2027, so assumes there will be further share buyback activity for all the big banks and life companies. It expects Bank of Nova Scotia, National Bank and iA Financial will be the only majors to hit their ROE targets by 2027, while Bank of Montreal will be furthest from its 15% goal. RBC lifts its stance on Toronto-Dominion Bank to outperform from sector perform and the price target to C$120 from C$93, while dropping Bank of Montreal to sector perform from outperform and its target by C$5 to C$163. (robb.stewart@wsj.com)

(END) Dow Jones Newswires

October 03, 2025 08:11 ET (12:11 GMT)

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RBC says it expects capital could reach excessive levels by 2027, so assumes there will be further share buyback activity for all the big banks and life companies. It expects Bank of Nova Scotia, National Bank and iA Financial will be the only majors to hit their ROE targets by 2027, while Bank of Montreal will be furthest from its 15% goal. RBC lifts its stance on Toronto-<a href=\"https://laohu8.com/S/D\">Dominion</a> Bank to outperform from sector perform and the price target to C$120 from C$93, while dropping Bank of Montreal to sector perform from outperform and its target by C$5 to C$163. (robb.stewart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 03, 2025 08:11 ET (12:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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>ROE Targets May Be a Stretch for Some Canadian Banks, Life Cos -- Market Talk</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\">\nROE Targets May Be a Stretch for Some Canadian Banks, Life Cos -- Market Talk\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\">2025-10-03 20:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0811 ET - If most of Canada's banks and life insurers are going to meet their return on equity targets they may need to turn to restructuring programs, accretive acquisitions or simply have business growth beyond current assumptions, RBC Capital Markets reckons. RBC says it expects capital could reach excessive levels by 2027, so assumes there will be further share buyback activity for all the big banks and life companies. It expects Bank of Nova Scotia, National Bank and iA Financial will be the only majors to hit their ROE targets by 2027, while Bank of Montreal will be furthest from its 15% goal. RBC lifts its stance on Toronto-<a href=\"https://laohu8.com/S/D\">Dominion</a> Bank to outperform from sector perform and the price target to C$120 from C$93, while dropping Bank of Montreal to sector perform from outperform and its target by C$5 to C$163. (robb.stewart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 03, 2025 08:11 ET (12:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"BMO","symbol_name":"蒙特利尔银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2572502214","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2572502214","pubTimestamp":1759493460,"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":"0811 ET - If most of Canada's banks and life insurers are going to meet their return on equity targets they may need to turn to restructuring programs, accretive acquisitions or simply have business growth beyond current assumptions, RBC Capital Markets reckons. RBC says it expects capital could reach excessive levels by 2027, so assumes there will be further share buyback activity for all the big banks and life companies. It expects Bank of Nova Scotia, National Bank and iA Financial will be the only majors to hit their ROE targets by 2027, while Bank of Montreal will be furthest from its 15% goal. RBC lifts its stance on Toronto-Dominion Bank to outperform from sector perform and the price target to C$120 from C$93, while dropping Bank of Montreal to sector perform from outperform and its target by C$5 to C$163. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BMO":"蒙特利尔银行","BK4207":"综合性银行","BK4566":"资本集团","BNS":"丰业银行","TD":"道明银行","BK4585":"ETF&股票定投概念","ROE":"ASTORIA US QUALITY KINGS ETF"},"translate_title":"对于一些加拿大银行、人寿公司来说，净资产收益率目标可能有些牵强——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ROE":1.5,"BMO":0.9,"BNS":0.9,"TD":0.9},"content_text":"0811 ET - If most of Canada's banks and life insurers are going to meet their return on equity targets they may need to turn to restructuring programs, accretive acquisitions or simply have business growth beyond current assumptions, RBC Capital Markets reckons. RBC says it expects capital could reach excessive levels by 2027, so assumes there will be further share buyback activity for all the big banks and life companies. It expects Bank of Nova Scotia, National Bank and iA Financial will be the only majors to hit their ROE targets by 2027, while Bank of Montreal will be furthest from its 15% goal. RBC lifts its stance on Toronto-Dominion Bank to outperform from sector perform and the price target to C$120 from C$93, while dropping Bank of Montreal to sector perform from outperform and its target by C$5 to C$163. (robb.stewart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  October 03, 2025 08:11 ET (12:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}