Nice succinct review of Dundee’s targets and expectations for Canada’s Banks. 

• BMO – market neutral, 12-month price target is C$75.00
• CIBC – market outperform, 12-month price target is C$115.00
• National Bank, market neutral, 12-month price target is C$68.00
• RBC – market neutral, 12-month price target is C$59.00
• Scotiabank – market outperform, 12-month price target is C$57.00
• TD Bank – market neutral, 12-month price target is C$76.00

Source: Canadian Banks & Insurance

What really is striking from comparing the Canadian Banks over a 5 year view is that there is little to differentiate.  As an investor just buy one, and they all work.  (Not RBC had a stock split, hence the sudden drop in 06).

What does that say about their differentiated strategies?