Richard Fogler, managing director of Kingwest & Company, joins BNN Bloomberg and talks about his take on the markets.
Earnings seasons have worked out well for long-term retirement investors over the decades; generally resulting in yawn-inspiring profit growth that most often surprises by pennies above estimates, and regularly includes dividend increases. Benjamin Sinclair, an equity analyst with Odlum Brown, told BNN Bloomberg in a Tuesday interview that he remains bullish on the banks over the long term, but said he expects some of them to continue facing headwinds in the coming year.
CIBC, meanwhile, managed to squeak out a profit this week after struggling with a series of problems in its U.S. commercial real estate portfolio.The equity research analysts that advise big institutional investors have taken note. Buys and holds for CIBC are even at 35 per cent with a whopping 29 per cent slapping sell recommendations on the stock.
He now holds only RBC, the strongest performing Canadian big bank stock over the past six months with a 22 per cent return.
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