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

In the heart of growth. Doing very well with LNG and shale gas in the booming Alberta. NA-T probably ranks the best and has the highest consistency with their earnings. CWB can be held for the long term, just collect the dividend.

TOP PICK

With commercial loans and all that exposure to oil, it is doing quite well and will continue to do so. $35 in 12 months is certainly possible. 2.46% dividend yield.

PAST TOP PICK

Top Short (Top Pick Jul 11/12, Down 15.45%) He was a little bit early and still recommends this play.

DON'T BUY

Likes but not screening particularly well in relation to the other Canadian financial institutions.

COMMENT

Probably not one of the better financials. He is a great believer in ETFs, so if you should have financials, just buy a basket. Otherwise you just end up with the wrong horse. This one has not kept up with its peers. If you own, consider lightening your position. If it gets below $26, he would forget about this one.

COMMENT

(Market Call Minute.) Just sold his holdings recently. It is the most expensive of the banks.

TOP PICK

Top Short He is shorting this because of the housing bubble. The numbers out of Vancouver this past week were absolutely disastrous. This looks like Phoenix circa 2006. Sales were down 27% and new listings up 22% year over year. There is going to be a price decline that is major. This bank is a play on the real estate sector out west.

COMMENT

Very well managed bank. Cannot comment on succession planning as the caller asked about. Hasn’t held it for a while because it is a small bank and is a bit cyclical.

DON'T BUY

Investors are becoming increasingly concerned about banks’ exposure to the Canadian consumer. A pretty well run bank but investors don't feel the dividend growth is going to be all that substantial.

BUY

Has owned in the past. Has made significant progress. They are in an area where significant economic growth is taking place. Selling at 1.8 times book. The stock will do well over time.

COMMENT

A small bank. It won't catch the public eye in the same way as the big banks. Doesn't know the financials well enough to know if there is a possibility of the dividends increasing. All the Canadian banks are too expensive for him.

COMMENT

Should have owned it over time. It is more of a commercial bank than a retail bank. Good management. Low interest rates help them. Did a good job of expanding it.

DON'T BUY

Has always been a really well run bank. The only issue he has is that on the last conference call, senior management was a little more cautious on their outlook. Also, with the low interest rates, the bank margins will be compressed. Long growth is going to be better-than-average compared to some of the bigger banks but the market has already recognize that. Very little upside potential so he prefers other banks. (See Top Picks.)

BUY

Not normally about the dividend. They are more of a growth company. You will continue to see steady increases. They did put out a disappointing quarter and this is a good entry point. Some think they are the best-managed bank in Canada. Hasn’t had a loss quarter in 20 years.

BUY

Strong, steady performer over the last few years. In a very good area of the country, primarily Alberta. Extremely well managed. Yield of 2.14%, which is quite safe.

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Canadian Western Bank (CWB.TO)