Canadian Western Bank (CWB.TO) Buy, Sell or…

Canadian Western Bank (CWB.TO)

56.63

-0.62 (1.08%)

as of Feb 4, 2025, 9:00:00 pm Market Open.

174 watching

BUY

Has become a little bit of a proxy for the oil/gas market, so when oil/gas started to roll over, this one got hit at the same time. Always looks expensive relative to the rest of the Canadian banks. Trades at a higher multiple and doesn't pay as high a dividend.

BUY

Situated in the prime growth area of Canada and have done very well. Will continue to gain market share in the West and expand.

HOLD

Based and does most of its business in Western Canada. In the right place at the right time. If you are a growth-oriented investor, he would continue to hold.

BUY

Of all the Schedule A banks, it is the growth bank. The smallest of them, but the fastest growing. Located in the best area for growth, western Canada. Lowest yield and lowest payout ratio.

DON'T BUY

Really well managed. Used to trade at a fairly large discount, but now trades at a premium. Trading at 22 X earnings which is too expensive for him.

WEAK BUY

A great bank and well run. It trades at one of the highest multiples of the major banks. Also has the lowest yield. They should continue to do well. Would prefer other banks.

DON'T BUY

It should continue to do well because of the booming economy in the west. From a dividend payout and a multiple, it is one of the most expensive banks in Canada.

DON'T BUY

The positive is that it is based in western Canada which has the highest rate of economic growth. The environment in which they are operating is very good. However, the valuation is very high for a bank.

SELL

Has done very well. Looking at rising rates which would be a concern. Watch it closely. Would be a seller more than a buyer at this point.

DON'T BUY

The company and stock price has done fabulously well. There is no end in sight to the boom in Alberta. Expect they might lower corporate tax rates down the road. Trading at 18/19 X earnings which is expensive to him.

HOLD

Has been a great performer. Not as cheap relative to the other banks as it is very regionalized. Should continue to do well as their area should do well because of all the oil.

HOLD

Western Canada is showing much better growth than the rest of Canada so this is good for this bank. Entering the sub-prime mortgage market which Home Capital (HCG-T) has had pretty much to itself. It is also a take over target for one of the other banks.

DON'T BUY

In the aggregate, banks have done very little this year. They are all trading at 55 year valuation highs. There's no fair market valuation support for them to go much higher.

BUY

His favourite in the banking sector. A beautiful operator. Has been doing extremely well for quite some time now.

TRADE

In the smaller banks, prefers Canadian Western (CWB-T) over Laurentian (LB-T) as it has better numbers. Not particularily cheap at the moment, but longer term it would be his choice.

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Canadian Western Bank (CWB.TO)