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Canadian Western Bank T.CWB

Alternate Symbol(s):  CWESF | CBWBF | 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

Post by Red_Deeron Dec 09, 2022 2:43pm
329 Views
Post# 35162436

,,,,,,,,,,,$35 Target Price with OutPerform Rating.........

,,,,,,,,,,,$35 Target Price with OutPerform Rating.........
Looks like BMO is STILL Enamoured with the OutLOOK for CWB eh !!!


BMO Capital's Take on CWB's Investor Day
 
12/08/2022 (MT Newswires) -- CWB management hosted an investor day to provide a status update on the transformation progress made over the past few years (expansion into Ontario, digital capabilities, branch-based deposits, wealth acquisitions, and AIRB development).
 
The bank reiterated its guidance for 2023/2024 and outlined a path to become "at least a 12% ROE bank" by 2024, driven by higher revenues (NIM and loan growth driven), lower NIX (organic slowdown from reduced strategic spending), and capital optimization levers (CAR23 tailwinds).
 
BMO Capital's estimates, $35 target price, and Outperform rating remain unchanged.
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