US Market equipment leasing outlook strong equipment leasing and finance foundation updated industry conditions in US for third quarter. link included. paints cont'd pos picture for chw core US mkt. credit conditions good, new small business formation much stronger exiting this downturn than post Great Recession of 2008-2009.
interesting to see large brokers taking up coverage of chw. not doing this out of charity. must anticipate banking business of some kind in the future (more acquisitions, money raising, etc).
royal bank report reasonably well done, but views chw valuation under prism of old management , when no growth business. ar least doubling the loan book under new management plans . they point correctly toward higher roe scenarios which would support higher multiple of book.
both chw and versabank share prices stalled for time being after strong runs . chw more interesting due to growth profile imo. expect ++ results from both for latest quarter and outlook, given strong industry conditions.
https://www.store.leasefoundation.org/cvweb/Portals/ELFA-LEASE/Documents/Products/ELFF.EconomicOutlook.2021Q3.pdf