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VersaBank T.VBNK

Alternate Symbol(s):  VBNK | T.VBNK.PR.A

VersaBank is a Canada-based chartered bank. The Bank provides commercial lending and banking services in Canada and the United States, as well as cybersecurity services and banking and financial technology development services through the operations of its wholly owned subsidiary DRT Cyber Inc. (DRTC). It operates through two segments: Digital Banking and DRTC (cybersecurity services). The Digital Banking segment obtains its deposits and provides its loans and leases electronically via deposit and lending solutions for financial intermediaries. Its loan portfolio includes point-of-sale loans and leases, commercial real estate mortgages, commercial real estate loans and public sector and other financing. The DRTC segment develops solutions to address the volume of cyber threats challenging financial institutions, multi-national corporations and government entities. It also offers receivable purchase program (RPP) funding solution for point-of-sale finance companies.


TSX:VBNK - Post by User

Comment by Rational43on Feb 19, 2021 12:54pm
160 Views
Post# 32610738

RE:RE:VersaBank Initiated as Buy $18TP by Stifel

RE:RE:VersaBank Initiated as Buy $18TP by Stifel180,000 shares traded today so far, word's getting out.  

When this inevitably announces some type of direct Crytpcurrency connection, its going to rise 100%+ in a day.  Than continue rising from there.

And, if for some odd reason they never pursue that obvious marketing angle, and just continue being a premier online bank growing earnings at 25% a year, trading at 12 times earnings, well, that will work out well to, over the next 5 years.

If this company still exists in a year {hasn't been bought}, its only because its much higher.  
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