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EQB Inc. T.EQB.PR.C


Primary Symbol: T.EQB Alternate Symbol(s):  EQGPF

EQB Inc. operates through its wholly owned subsidiary Equitable Bank. Equitable Bank provides diversified personal and commercial banking through its EQ Bank platform. The Company operates through two main divisions: Personal Banking and Commercial Banking. Its Personal Banking segment consists of deposits, single family residential mortgage loans, home equity lines of credit, reverse mortgages, insurance lending, and payment infrastructure partnerships. Its savings products are offered through EQ Bank, Equitable Bank, Equitable Trust, and a network of independent financial planners and brokers. Its Commercial Banking segment lends loans through a network of mortgage and leasing brokers, lending partners, and other financial institutions. Commercial loans involve lending on multi-unit residential, industrial and office buildings, and other commercial properties. It also specializes in the creation, structuring, and management of pooled Canadian commercial mortgage funds.


TSX:EQB - Post by User

Comment by TimeScapeon Jul 29, 2021 2:44am
118 Views
Post# 33619633

RE:RE:Smoking Numbers for Q2!!!

RE:RE:Smoking Numbers for Q2!!!The stock continues to be very cheap.  Earnings have been kind of holding steady at around $4.00 a share for the last 3 quarters.  Still represents a big increase over last year.  Would be nice to see the earnings start to ramp up again next quarter.  Given the steady earnings level the last 3 quarters, I wouldn't expect $20 a share in 2022.  More like $17 - $18.  A 12 times multiple would seem more likely than 15, given it is currently at about 9 times.  Markets don't usually change their minds that dramatically that quickly.  12 times the midpoint of the !7 - $18 range would be would be a share price of $210 (or $105 after the upcoming stock split) by end of 2022. That's about a 46% increase over the current price.  
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