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
Of all the Canadian banks, it is immune from what is going on. Doesn't have any bad loans or own any of the bad paper. Concentrated in the highest growth part of the country. Trades at a high multiple, but has the best growth profile of all the banks. Probably the highest quality earnings.
DON'T BUY
Far too well run to be mispriced. His model price is $25.37, a negative differential of 13%.
DON'T BUY
Very difficult environment for financials that will continue for some time. He would avoid all financials. If he had to buy a bank, this would be his preference.
DON'T BUY
The only way that he can justify the current price is if someone wants to take the bank over. Trading quite in excess of its FMV. Also trading up against a resistant point that he would have thought would have been quite stiff to get through, but it did go through, but without a lot of support.
DON'T BUY
Has been performing extremely well lately. It is over 3X book value right now. With earnings of $1.80 this year on a book value of about $10 (18%) it is a little bit expensive.
BUY
The smallest of the Canadian banks. Will be reporting next week. Was profitable last quarter. Good growth and pays a dividend.
BUY
The Canadian “growth” bank. It's all in the West where all the major growth is. A “little” worried that Alberta's growth could slow because of a change in the royalties. Could hurt them, but in the long term, you can't beat this one.
HOLD
Benefiting from the development out west. Has shown significant growth.
DON'T BUY
This bank is in a world of its own. Within $1 of its all-time high. This is Canada's growth bank. Has no commercial paper. Too expensive for him.
BUY
The best bank out there. No short-term paper and whatever it has seems to be fairly clean. Tremendous growth. Beautifully managed. Multiple is high at 20.4.
BUY
One of the good growth banks. Always looked expensive comparing it to other banks, but a lot of that is due to its tremendous growth rate. Should be less exposed to some of the other problems that Canadian banks have.
BUY
Very much likes the 2nd tier of financials. This has been a wonderful growth story. Expects it will continue to do well. At some point, it will probably get taken over.
BUY
You have to like what is going on in western Canada. Prudent managers.
BUY
Likes the growth outlook in Alberta and B.C. More commercially based type loans.
DON'T BUY
He has a model price of $27.85, a 3% negative differential. He ranks banks as National Bank with 33% upside, Bank of Montreal and Royal with 15%, Bank of Nova Scotia 12% and Commerce and TD are right on the model price.
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