Daily Stock Opinions and Ratings

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Jerome HassEquitable GroupEQB.TODON'T BUYDec 30, 2014

Despite its size, this stock is quite illiquid and doesn’t trade very much. One of his concerns is that they have a lot more exposure to Western Canada then some of its peers. Has also had outperformance this year and its valuations are lofty relative to its peers.

Jerome Hass

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$65.60

Stock price when the opinion was issued

$126.19

As of Jun 19, 2026. Market Open.

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HOLD

Very good business for investors. Return on equity very high. Strong management team. Consistent growth for the past 20 years. Only concern is that credit cycle will tighten and make it harder to perform.

BUY ON WEAKNESS

Are very well-managed. Are exposed to insurance, too. He's been wanting to buy this for years, but the price keeps running away from him. Trades at 1.3x book and 9.5x PE. Doesn't pay a big dividend, because they reinvest into the company, which is good.

DON'T BUY

Good, but is less diversified than the Canadian banks. Also, he fears the real estate market will hit a bigger snag than many believe, and that would impact EQB earnings (through mortgages).

WAIT

Great company, alternative lender, very well managed. Though stock's not that expensive, he's waiting for a pullback. Rising rates haven't slowed the mortgage market to a significant enough degree to impact the share price.

BUY ON WEAKNESS

It is very well managed and has a high ROE. There are risks in the sector with a real estate slowdown. Still not priced low enough yet, so wait.

HOLD

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

One of the criteria we used is Total long-term debt to Total Equity less than 1.5x, and EQB does not meet those criteria.
However, we think EQB’s capital base is good, growth has been strong recently.
We like EQB and would be comfortable holding it for the long term.
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BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. 10-year ROE average of 16.6%. More than 340,000 customers. Recent acquisition of Concentra Bank. Strong balance sheet and valuation. Unlock Premium - Try 5i Free

WEAK BUY

Trading close to book value. He's looking at it. Concerns are net interest margins and funding costs. Fairly diversified portfolio of sources of capital. Potential loan growth might be stunted with housing slowdown. Improved commercial mortgages. Pending acquisition should go well.

Unspecified

It is a fantastic business and has been a solid performer for many years. Other names will give better growth.

BUY

Extremely well managed company. Very successful in gaining market share in alternative lending. Launching initiative to become a challenger bank (will be 6th or 7th largest bank in Canada soon). Current share price presenting good buying opportunity. Share price to book value is currently a good price.

HOLD

Very well managed company. Has recently sold position as share price increased. Very strong growth in recent years with pandemic. Challenger bank that is executing well and growing. Dividend increasing, and stock priced cheap compared to large Canadian banks.

BUY

A great business with a strong management team. They take advantage of inefficiencies in Canadian industry that banks are not doing. Their bank offering is doing well with increase in account openings. They have seen big deferrals from last quarter but it has now stabilized. There is good organic growth and a possible expansion of the addressable market.

PARTIAL SELL

We aren't to going to have enough homes for retirees. Living in your home is going to be a big thing and reverse mortgages are going to be a big thing. He does not know if equitable is going to be the place to play this. He would partial sell these REITs at the moment.

PAST TOP PICK

(A Top Pick Jun 27/18, Up 17%) It had been dragged down with the Home Capital concerns a year ago. They had three dividend bumps over the year. It trades at 6.5 times earnings.

DON'T BUY

He thinks this mortgage lender has a dividend that is growing and trades at a low PE ratio. It is not a low risk company, as it makes loans to non-conventional borrowers. At this point in the market cycle, with high consumer debt, he would prefer to own a bank with larger market cap and higher liquidity. Yield 1.5%.

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Jerome HassEquitable GroupEQB.TODON'T BUYDec 30, 2014

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