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Largest Investment Banking Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
RBC, TD Bank, Bank of Montreal, Canadian Imperial Bank of Commerce and Scotiabank.
 | Royal Bank of Canada is one of the two largest banks in Canada, with around CAD 2.3 trillion in assets at the end of fiscal 2025. It is a diversified financial services company, offering personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada and has dominant market shares. RBC also has wealth and capital market businesses in the US, UK, and other countries. RBC is a top 15 investment bank globally. | $189 | +44% | $263B | $687B | 14.2x | - | ||
| Toronto-Dominion is one of Canada's two largest banks with over CAD 2 trillion in assets. TD Bank operates four business segments: Canadian personal and commercial banking, US retail banking, wealth management and insurance, and wholesale banking. The bank derives more than 50% of its revenue from Canada and has dominant market share in nearly all banking products and services. TD has around 44% of its revenue from its US operations. Its US footprint spans from Maine to Florida, with a strong presence in the Northeast. | $114 | +56% | $189B | $381B | 8.6x | - | ||
| Bank of Montreal is a diversified financial-services provider based in North America with over CAD 1.47 trillion in assets by the end of fiscal 2025. BMO operates four business segments: Canadian personal and commercial banking, US personal and commercial banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the US. | $162 | +47% | $114B | $323B | 12.4x | - | ||
| Canadian Imperial Bank of Commerce is Canada's fifth-largest bank with over CAD 1.1 trillion in assets at the end of fiscal 2025. It operates four business segments: Canadian retail and business banking, Canadian commercial banking and wealth management, US commercial banking and wealth management, and capital markets. It serves approximately 14 million personal banking and business customers, primarily in Canada and the US. | $109 | +54% | $100B | $196B | 9.3x | - | ||
| The Bank of Nova Scotia is a global financial services provider with over CAD 1.46 trillion in assets as of the end of fiscal 2025. The bank has four major business segments: Canadian banking, international banking, global wealth management, and global banking and markets. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in the Latin America region. | $80 | +46% | $98B | $317B | 11.7x | - | ||
| Fairfax India Holdings Corp is an investment holding company. The investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers, or business conducted in or dependent on India. The company operates through investing in India and Indian investments segment and it earns income through the source of interest and dividends. | PE & VC+1 | $18 | -- | $2B | $3B | 5.4x | - | |
| Canaccord Genuity Group Inc is an independent, full-service financial services firm. The company’s segment reporting is based on the following operating segments: Canaccord Genuity Capital Markets, Canaccord Genuity Wealth Management, and Corporate and Other. It generates revenue by providing value to its individual, institutional, and corporate clients through comprehensive investment solutions, brokerage services, and investment banking services. Maximum revenue is generated from the Canaccord Genuity Wealth Management segment, which provides brokerage services and investment advice to retail or institutional clients in Canada, the United States, Australia, and the UK & Crown dependencies. Geographically, the group derives maximum revenue from its business in Canada. | $9 | +25% | $952M | $446M | 0.3x | 2.4x | ||
| Miivo Holdings Corp is a technology issuer that invests, builds, and scales up its technology platforms mainly through its newly adopted Artificial Intelligence (AI) strategy. It operates as an AI platform that provides solutions to transform underperforming and low-growth businesses into scalable, product-driven models. | $0 | -- | $17M | $17M | 7193.5x | (32.1x) | ||
| Street Capital Inc formerly The Hash Corp is engaged in the production and sale of cannabis-based hashish and other cannabis products. It applies its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additive and carcinogenic solvents. | $0 | -- | $56K | $187K | - | - | ||
| Median | $80 | +47% | $98B | $196B | 10.5x | (14.9x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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