NIM
NICOLA MINING CORP
stock CVE

Not yet in my opinion.
They'll be provisioning higher all year and are trading at historically high multiples despite the recent drop and flat (and likely decreasing) ROA and ROE/ROTCE. Just look at 2022 to see how much worse things can get. Multiple expansion happened with the broad market and wasn't tied to fundamentals last year, it was more of a euphoria and broad market push.
There are a lot of bearish things to consider and decreasing rates that usually improve NIM probably won't help much.
I sold the largest six in December and January personally, I kept VBNK but regretted it and lost 10% in a small position.
Long-run it's fine to buy but I'm short-term bearish and would rather grab it at a point more in line with historical multiples.

Not yet in my opinion.
They'll be provisioning higher all year and are trading at historically high multiples despite the recent drop and flat (and likely decreasing) ROA and ROE/ROTCE. Just look at 2022 to see how much worse things can get. Multiple expansion happened with the broad market and wasn't tied to fundamentals last year, it was more of a euphoria and broad market push.
There are a lot of bearish things to consider and decreasing rates that usually improve NIM probably won't help much.
I sold the largest six in December and January personally, I kept VBNK but regretted it and lost 10% in a small position.
Long-run it's fine to buy but I'm short-term bearish and would rather grab it at a point more in line with historical multiples.