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Canadian Western Bank T.CWB

Alternate Symbol(s):  CBWBF | CWESF | T.CWB.PR.B | T.CWB.PR.D

Financial Services
Canadian Western Bank is a diversified financial services company. It provides full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. It offers specialty business banking services for small-and medium-sized companies with a focus on general commercial, equipment financing, construction financing, commercial real estate financing, real estate construction and project financing and equipment financing and leasing. It also provides full-service personal banking options, including chequing and savings accounts, loans, mortgages and investment products. Its banking services include online banking, ATM banking, creditor insurance, resources for seniors and order cheques online. Its CWB Business Advantage Account and CWB Business Unlimited Account offer solutions for day-to-day banking and 24/7 online access. It has its operations in British Columbia, Alberta, Ontario, Saskatchewan, Quebec, Manitoba and others.


TSX:CWB - Post by User

Canadian Western Bank > I am thinking of buying a few more shares.
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Post by kenrineson May 29, 2022 2:10am
487 Views
Post# 34715104

I am thinking of buying a few more shares.

I am thinking of buying a few more shares.
Second quarter 2022 results:
  • Revenue: CA$247.5m (up 6.6% from 2Q 2021).
  • Net income: CA$81.4m (up 13% from 2Q 2021).
  • Profit margin: 33% (up from 31% in 2Q 2021). The increase in margin was driven by higher revenue.

Revenue missed analyst estimates by 2.5%.

Over the next year, revenue is forecast to grow 13%, compared to a 3.1% growth forecast for the industry in Canada.

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