Canadian Western Bank T.CWB

I am thinking of buying a few more shares.

[kenrines]

Second quarter 2022 results:

• Revenue: CA$247.5m (up 6.6% from 2Q 2021).
• Net income: CA$81.4m (up 13% from 2Q 2021).
• Profit margin: 33% (up from 31% in 2Q 2021). The increase in margin was driven by higher revenue.

Revenue missed analyst estimates by 2.5%.

Over the next year, revenue is forecast to grow 13%, compared to a 3.1% growth forecast for the industry in Canada.

[xuefengzhu]

I think the market overreaction, but Friday volume was huge, wondering which institution was selling or buying.

[traderbri]

Insiders are selling, be careful if and when you buy. Could be some more bleeding before this stabilises. Cheers

[xuefengzhu]

Why insiders not selling @$33+? They just got negative news recently? Thanks

[indmuny]

My take is that there is some concern that the larger banks haven't provided enough loan loss provisions. CWB provided two million dollars, 20% more, for loan loss provisions than was expected. This directly impacts their earnings to the point that earnings came in as a "miss".  There is real value down here and I am hoping to get the opportunity to buy more if it continues to