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Great West Lifeco 仍是 CIBC 第一季度人寿保险公司展望中的首选。

-- 加拿大帝国商业银行资本市场（CIBC Capital Markets）预计，加拿大寿险公司平均每股收益将实现两位数同比增长。 Great West Lifeco (GWO.TO) 仍然是首选股。分析师 Paul Holden 预计该公司第一季度每股收益将实现最高的同比增长率（19%）。他补充道，Empower 的多项增长杠杆以及强劲的资本解决方案需求都蕴藏着潜在的上涨空间。Empower 的并购可能成为潜在的催化剂，预计每股收益将增长约 6%。该股目前的市盈率较同业平均水平溢价 6%，与历史溢价水平一致。 Manulife (MFC.TO) 是另一只表现优异的公司。Holden 预计该公司本季度业绩将有所提升，并指出 Manulife 上季度整体业绩表现强劲，但在一些关键绩效指标 (KPI) 上未能达到市场预期。“我们预计美国保险业务经验、亚洲年度保费收入 (APE) 和全球资产管理净流入的改善将成为潜在的上涨驱动因素。” 霍尔顿还希望看到两位数的每股收益增长，并持续朝着2027年18%的净资产收益率目标迈进。他补充道，宏利目前的市盈率较集团平均水平折让5%，而近期历史数据表明，其市盈率有望达到与集团平均水平持平。 由于汇率和公司自身因素的影响，加拿大帝国商业银行(CIBC)将Great West Lifeco第一季度的每股收益预期上调了2%，宏利和永明金融各上调了1%；同时，由于美国经销商服务和汽车金融业务的季节性因素，CIBC将iA Financial (IAG.TO)的预期下调了5%。 霍尔顿写道：“今年以来，这些股票的整体表现并不尽如人意（平均上涨2.8%），目前其市盈率较银行股折让15%（五年平均水平为11%）。”鉴于估值折让和强劲的基本面，他更看好人寿保险公司而非银行股。

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

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