Artificial Intelligence at Report on Business uses the power of AI to create a fundamental valuation for every TSX stock after-market each day. Then it sorts them out to look for potentially underpriced winners.The TSX Composite Banks Index is down 9 per cent in the past 52 weeks. Bank stocks are so beaten down that it is worth checking to see if some are starting to look cheap.
ROB AI analyzed every TSX and TSX Venture Exchange company in the banking industry to look for the biggest differences between what AI thinks they are worth on paper and their actual current trading price. Valuations are generated using a proprietary algorithm from up to six data calculations with an approach that has been historically correct 78 per cent of the time.
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