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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

Comment by TimeScapeon Jul 29, 2021 2:44am
134 Views
Post# 33619633

RE:RE:Smoking Numbers for Q2!!!

RE:RE:Smoking Numbers for Q2!!!The stock continues to be very cheap.  Earnings have been kind of holding steady at around $4.00 a share for the last 3 quarters.  Still represents a big increase over last year.  Would be nice to see the earnings start to ramp up again next quarter.  Given the steady earnings level the last 3 quarters, I wouldn't expect $20 a share in 2022.  More like $17 - $18.  A 12 times multiple would seem more likely than 15, given it is currently at about 9 times.  Markets don't usually change their minds that dramatically that quickly.  12 times the midpoint of the !7 - $18 range would be would be a share price of $210 (or $105 after the upcoming stock split) by end of 2022. That's about a 46% increase over the current price.  
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