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Great West Lifeco 仍是 CIBC 第一季人壽保險公司展望的首選。

-- 加拿大帝國商業銀行資本市場（CIBC Capital Markets）預計，加拿大壽險公司平均每股盈餘將實現兩位數年成長。 Great West Lifeco (GWO.TO) 仍然是首選股。分析師 Paul Holden 預計該公司第一季每股收益將實現最高的年成長率（19%）。他補充道，Empower 的多項成長槓桿以及強勁的資本解決方案需求都蘊藏著潛在的上漲空間。 Empower 的併購可能成為潛在的催化劑，預計每股盈餘將成長約 6%。該股目前的本益比較同業平均溢價 6%，與歷史溢價水準一致。 Manulife (MFC.TO) 是另一隻表現優異的公司。 Holden 預計該公司本季業績將有所提升，並指出 Manulife 上季度整體業績表現強勁，但在一些關鍵績效指標 (KPI) 上未能達到市場預期。 “我們預計美國保險業務經驗、亞洲年度保費收入 (APE) 和全球資產管理淨流入的改善將成為潛在的上漲驅動因素。” 霍爾頓也希望看到兩位數的每股盈餘成長，並持續朝著2027年18%的淨資產收益率目標邁進。他補充道，宏利目前的本益比較集團平均折讓5%，而近期歷史數據表明，其本益比有望達到與集團平均水平持平。 由於匯率和公司自身因素的影響，加拿大帝國商業銀行(CIBC)將Great West Lifeco第一季度的每股收益預期上調了2%，宏利和永明金融各上調了1%；同時，由於美國經銷商服務和汽車金融業務的季節性因素，CIBC將iA Financial (IAG.TO)的預期下調了5%。 霍爾頓寫道：「今年以來，這些股票的整體表現並不盡如人意（平均上漲2.8%），目前其市盈率較銀行股折讓15%（五年平均為11%）。」鑑於估值折讓和強勁的基本面，他更看好人壽保險公司而非銀行股。

Price: $70.45, Change: $+1.18, Percent Change: +1.70%

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