Post by
retiredcf on Jan 25, 2023 7:53am
Increased Weighting
Growth Model Portfolio
Increase EQB Inc. (EQB) to a 3.0% Weighting
Trade Rationale – EQB is a fast-growing Challenger Bank that provides personal and commercial banking services for retail and commercial customers across Canada. We like EQB’s digital-first and tech-forward business model, combined with its strong fundamentals. We continue to like EQB’s strong revenue growth along with its fair valuation (6.0X forward P/E and 1.0X price to book). We feel this name can benefit from a revival in the mortgage market as well as Canadians seeking banking alternatives. (5iResearch)