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EQB Inc T.EQB

Alternate Symbol(s):  EQGPF

EQB Inc. is a digital financial services company, with combined assets under management and administration. Through its subsidiary, Equitable Bank, offers banking services. It operates through two main divisions: Personal Banking and Commercial Banking. Personal Banking operates through five business lines: EQ Bank, residential lending, wealth decumulation, and consumer lending through partnerships, a segment added with the Concentra Bank acquisition, and payments as a service supporting its fintech partners. Its diversified product suite consists of deposits, single family residential mortgage loans, home equity lines of credit, reverse mortgages, insurance lending, and payment infrastructure partnerships. Commercial Banking operates through seven business lines: business enterprise solutions, commercial finance group, multi-unit insured, specialized finance, equipment leasing, credit union and Concentra trust. It provides personal and commercial banking through its EQ Bank platform.


TSX:EQB - Post by User

Bullboard Posts
Comment by Northforce13on Jun 09, 2020 9:21pm
213 Views
Post# 31131434

RE:$100.00

RE:$100.00Probably > $130 for me before I sell

I think a reasonable price for this type of stock is 1.6x book if they get their ROE > 15% on a regular basis. 

If things normalize book will probably be around 85ish within a couple of quarters which puts 1.6x at 136.



Bullboard Posts