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Canadian Western Bank T.CWB.P.D


Primary Symbol: T.CWB Alternate Symbol(s):  T.CWB.PR.B | T.CWB.PR.D | CBWBF | CWESF

Canadian Western Bank is a diversified financial services company. It provides full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. It offers specialty business banking services for small-and medium-sized companies with a focus on general commercial, equipment financing, construction financing, commercial real estate financing, real estate construction and project financing and equipment financing and leasing. It also provides full-service personal banking options, including chequing and savings accounts, loans, mortgages and investment products. Its banking services include online banking, ATM banking, creditor insurance, resources for seniors and order cheques online. Its CWB Business Advantage Account and CWB Business Unlimited Account offer solutions for day-to-day banking and 24/7 online access. It has its operations in British Columbia, Alberta, Ontario, Saskatchewan, Quebec, Manitoba and others.


TSX:CWB - Post by User

Post by DeanEdmontonon Aug 26, 2022 12:49pm
299 Views
Post# 34922906

This Quarters Results.

This Quarters Results.Not much to say, the verbage from management does not match the numbers. Another quarter of really medicore results. ROE bites, expenses are growing faster than revenue and loan growth is pretty anemic. Net interest margins did not improve, which would be expected given their business mix and the fact half their loans are funded with hot money. In fact rising interest rates are likely to supress loan demand in their target market. Loan loss provisions seem to be on the light side. The only postive is the growth in branch deposits.
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