The five-day chart for financials show a strong week for the sector, or more specifically a strong day.
The strong day is reflected in the stock prices below.
| Valuation | ||||||
|---|---|---|---|---|---|---|
| Company name | Price | Change | Chg % | d | m | y | Mkt Cap | |
| RY | Royal Bank of Canada (... | 55.36 | +1.77 | 3.30% |  | 78.82B |
| BMO | Bank of Montreal | 61.22 | +1.02 | 1.69% | | 34.46B |
| BNS | The Bank of Nova Scotia | 54.22 | +1.00 | 1.88% | | 56.29B |
| CM | Canadian Imperial Bank... | 81.05 | +2.00 | 2.53% | | 31.67B |
| TD | Toronto-Dominion Bank | 75.29 | +0.60 | 0.80% | | 65.81B |
This rally might be a result of the fact that several economic reports in the US gave investors confidence that the market is in recovery mode. http://www.cnbc.com/id/40458392
RY and TD earnings announcements tomorrow will most likely exceed analyst expectations, but the gains today can be attributed to the market sentiment as a whole, and not so much speculation on the performance of these banks.
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