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IGM Financial Inc.IGM.TOCOMMENTAug 01, 2017Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
Really likes financials for the second half of the year. From July-September, returns are anemic compared to the market. But at the end of the year, financials have good outperformance. Looks fantastic, strong dividend. Likely to take out highs of 2021 over the course of this cycle. Upside until late 2025 or early 2026.
As an established Canadian company, this has one of the higher dividends, close to 6%. This has been under pressure from the move away from commission based products to EFT’s, etc. The company is now positioned and the stock has been washed out. Being in one of the great bull markets of history, it is going to help all stocks, and this company is going to do just fine.