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Versabank T.VBNK

Alternate Symbol(s):  VBNK

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 ferret_caon Feb 24, 2021 6:42pm
206 Views
Post# 32653959

RE:RE:RE:RE:22 cents first q in line with what Stifel was expecting

RE:RE:RE:RE:22 cents first q in line with what Stifel was expecting It's not that I want them to cut the divy, I think they need to leave it as banks do have divies so it does qualify for certain investment criteria for so some funds and etfs but they shouldn't be growing it while in a mega growth environment and don't think they will, jmho. this company has a long ways to go before it matures into more of an income stock.  

cheers ferret
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