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Canadian Western Bank T.CWB

Alternate Symbol(s):  CBWBF | T.CWB.P.B | T.CWB.P.D | 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 May 27, 2022 9:42am
252 Views
Post# 34711723

Again, Improvement in a Couple of Areas

Again, Improvement in a Couple of Areasbut overall still poor results in many other areas. The rate of increase in non-interest expenses has not slowed down and they are climbing much faster than revenues. The Bank continues to fund almost half their loan book with hot money from the wholesale market. This affects net interest margin in a very negative way and will get worse as rates increase. For most banks, increasing rates is good for their spreads, they won't be for CWB. Finally, the elevated loan losses, when almost all the other banks are lowering theirs, continues to be a concern. This is not a bank share I will be putting any money into for a while yet.
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