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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 Mephistopheles3on Nov 07, 2022 12:53pm
146 Views
Post# 35079309

RE:Opinions on the new acquisition?

RE:Opinions on the new acquisition?I would buy before they release results coming up this week.  The stock is just drifting right now without too much volume and I expect they will show some pretty decent results this week.  

Concentra won't show up this quarter as the impact will only be seen in Q4 and in which EQB has already done the calculations and calculate that the EPS / unit will go up by single digit percentages.  This acquisition was only done around book value anyways, there was a very small premium paid on the BV - so that means they didn't really overpay for this one.  

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