Hi Jay,
In Term's of Canada's big banks - you'll see similar upside. They are all quite large and not much separates them in terms of future growth prospects. We are taking maybe 2-3 percentage points differences between the top and bottom growers. It also varies and they usually all have their moment to shine. The banks currently on our list are our favourites. Those include BMO, TD and Royal Bank.
Royal and TD are simply best in class. We like RY for its global exposure and TD for its US exposure. BMO has one of the highest expected growth rates of its peers and operations south of the border are attractive. I'd give a nod to NA as well, but it remains one of the more expensive banks. You can read more of our thoughts on BMO and TD in our reports section.
Looking outside the big 6, we really like Equitable Bank - which is why its on our growth list (see report for more details). EQ Bank which it has branded as Canada's Challenger Bank is quickly gaining in popularity. If you are looking for growth, I'd expect EQB to outpace the Big Six over the next 5 years. It will however, be more volatile and it has a lower starting yield. Many don't realize that it is no longer just an alternative mortgage lender and is truly a full scale financial company. It only recently began branding itself as a Challenger Bank and introducing traditional banking products. We really like what it is doing, and is very cheap here. Also of note, despite its low yield, it has been growing dividend aggressively and has a targeted DGR of 25% annually.
Mat