TSE:CWB

Canadian Western Bank (CWB.TO)

56.63
-0.62 (1.08%)
as of Feb 4, 2025, 9:00:00 pm Market Open.
174 watching
0
HOLD
Has sold off with all of the general sentiments on financials but earnings are incredibly steady. Long and short term track records are superb. This is a growth story.
COMMENT
Is not a major bank – a smaller player. Does not follow the other banks.
HOLD
Very well run bank and they are in the right region to enjoy resource growth. High growth compared to the big 6 banks. They also trade at high multiples. Not cheap.
WAIT
Used to be the largest institutional shareholder at one time. But the stock got a little ahead of itself. It is base building. It is still a little above where it should be.
BUY
Be patient with the financials. They had a good run and are building a bit of a base. Very comfortable with the management. Increase dividend and grow earnings.
BUY ON WEAKNESS
All banks are a tricky call right now. Interesting with its exposure to western Canada. A smaller bank so may have more limited growth compared to the majors. He would wait and watch the banks and pick them up as they come down a little. They are pretty much trading at fair value right now.
BUY
Has been an excellent performer for a number of years. Good management. Good yield. Trades at a low multiple. Will grow with the economy and has the exposure in the west to the oil patch.
PARTIAL SELL
Have done extremely well in the face of raising their dividend by 18%. In a strong growth area. Multiple is getting a little extended. If you own, consider taking some profits.
BUY
Alberta focused bank, which is very positive at this time. Estimates for growth in Alberta are on the upswing.
HOLD
Best managed Canadian bank and the stock is doing very well. Q4 results are not out yet and he wonders if it is fully valued.
COMMENT
Probably the most expensive bank but there is good reason for that being in the highest growth area of Canada. Growth in earnings looks pretty good.
DON'T BUY
Not far off historical highs, so it doesn’t interest him. More interesting banks in the US. If he was looking for a Canadian bank this wouldn’t be his pick.
PAST TOP PICK
(A Top Pick Oct 16/09. Up 19.3%.) He is in and out of this one will occasionally.
HOLD
Recently reported good earnings. He believes in Western Canada. Might be more exciting to hold the warrants, which have 2 years left.
BUY ON WEAKNESS
Management has always delivered what they promised. Very efficient bank. Got hurt in a recession because of lending to small businesses in western Canada. Try to buy a $22 and just tuck it away for 5 years.
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