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Canadian Western Bank T.CWB

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

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

Comment by DeanEdmontonon Jul 17, 2022 4:30pm
248 Views
Post# 34830042

RE:I warned You NOT to Buy at $33

RE:I warned You NOT to Buy at $33Down to $24 and still trending down. This stock has a very good chance of getting to $22, and a better than even chance of getting to $20. Anyone thinking of buying into this so called "value play" needs to take a long hard look at the operating results over the past 5 years. Not a pretty picture.
DeanEdmonton wrote: Trading at a discount to its peers does NOT make it a super deal. There are very good reasons this trades at a discount, now they are doing a 5 million share issue, on outstanding shares of 91 million, or 5.5%, when most of the oeehr banks are buying back shares. They are doing this "At the Market Program" with no idication as to why they need to raise the money. Increasiing your share issuance is dilutive, and unless the money is being invested for accretive gain, it is even worse. Right now they are over all of the capital limits, so already have non-productive funds to deal with. The makes CWB a long ways from my first choice of a Canadian Bank to buy. Even Laurentian has moved above them on the list.


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