Up in a terrible market - something's buildingNews in a lot of differernt languages yesterday talking about "Canadian VersaBank".
If Versabank can parlay vcad, vusd and veur into a source of billions in interest free money to loan out, its going to enable huge margin and profit expansion in the core business.
Plus the publicity from this announcement is going to turbocharge awareness of the DRT cybersecurity division, not to mention the knock on impacts on valuation if VersaBank gets valued like a technology leader, which it is.
Higher earnings, higher valuation, more brand awareness to turbocharge international growth....up in a terrible market makes sense.