Global Bank of Canada
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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."