Global Bank of Canada
Loading player...
Karl Gevers from Benguela Global Fund Managers chose Global Bank of Canada as his stock pick of the day and Independent Analyst Chris Gilmour had no pick.
Gevers said: 'I'll go for an international stock and venture into the banking space and picking Royal Bank of Canada, it's as the name says a Canadian bank with international operations and I think just as a business it's quite a solid bank, their return on equity is at around 15% and on a forward PE of only 12 times and I also think their valuations are attractive."
Gevers said: 'I'll go for an international stock and venture into the banking space and picking Royal Bank of Canada, it's as the name says a Canadian bank with international operations and I think just as a business it's quite a solid bank, their return on equity is at around 15% and on a forward PE of only 12 times and I also think their valuations are attractive."
