The Globe and Mail Published March 11, 2021
What are we looking for?
The U.S. Financial Sector has continued a rebound that started back in December. The Financial Select Sector SPDR Fund (XLF) has gained 17.2 per cent year-to-date and 55.2 per cent over one year.
We will be using Trading Central Strategy Builder to search for U.S.-listed financial companies with strong profitability, bullish price momentum and reasonable valuations.
The screen
We begin by setting a minimum market capitalization threshold of US$15-billion to focus on the largest companies in the sector. To find stocks with strong profitability for shareholders, we will screen based on a return on equity ratio of 5 per cent or more. Return on equity measures how effectively a company is at converting invested capital into income. Return on equity is a key metric in the banking industry.
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Bank of Montreal CEO’s pay swells to $11-million despite missed goals Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Bank of Montreal chief executive officer Darryl White saw his pay rise in the most recent fiscal year on the strength of a higher annual bonus and more pension-related compensation even as the bank missed some of its key financial targets.
Mr. White’s total compensation rose to just less than $11.1-million from $10.85-million in the previous fiscal year, the bank reported in its annual proxy statement to shareholders. The gains from his bonus and pension compensation were offset by smaller stock and option awards – $5.87-million in the most recent year compared with $6.11-million in the year before.
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