Canadian Western Bank

CWB-T

TSE:CWB

32.62
0.42 (1.27%)
The Canadian Western Bank is a bank that is based in Edmonton, and which operates primarily in western Canada. The bank serves personal and commercial clients in Western Canada.
More at Wikipedia

Analysis and Opinions about CWB-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 28, 2019

Focused on the western part of the country and which is still going through a difficult economic period of time. It has had a decent couple of years as credit losses have been kept to a decent low. Their traditional business of lending with a flat yield curve is very difficult. He prefers TD-T and RY-T because they are doing the best with regards to investing.

Focused on the western part of the country and which is still going through a difficult economic period of time. It has had a decent couple of years as credit losses have been kept to a decent low. Their traditional business of lending with a flat yield curve is very difficult. He prefers TD-T and RY-T because they are doing the best with regards to investing.

Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$33.340
Owned
Unknown
COMMENT
COMMENT
August 7, 2019
He sees companies with better diversification outside Canada (the big Canadian banks), though CWB is generally fine and so is its current share price.
He sees companies with better diversification outside Canada (the big Canadian banks), though CWB is generally fine and so is its current share price.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$29.380
Owned
No
DON'T BUY
DON'T BUY
July 29, 2019
It's correlated to Canadian oil. The next phase will be a recession, so oil prices will likely see $25 rather than $75. This means, CWB will fall too.
It's correlated to Canadian oil. The next phase will be a recession, so oil prices will likely see $25 rather than $75. This means, CWB will fall too.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$29.650
Owned
No
BUY
BUY
March 11, 2019
Got stuck at $40 and had a sell-off. $20-40 range, so there's plenty of upside here. He's worried about this sector, but CWB has already sold off, so he's not worried about it.
Got stuck at $40 and had a sell-off. $20-40 range, so there's plenty of upside here. He's worried about this sector, but CWB has already sold off, so he's not worried about it.
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$29.630
Owned
Unknown
DON'T BUY
DON'T BUY
January 9, 2019
A good bank, but he questions if it's best in breed. Best in breed involves dominant industry position, sustainable competitive advantage, very strong management, high margins and ROC. There are better examples in the banking industry. Not very diversified geographically. Wealth management, insurance, and capital markets are voids in its portfolio.
A good bank, but he questions if it's best in breed. Best in breed involves dominant industry position, sustainable competitive advantage, very strong management, high margins and ROC. There are better examples in the banking industry. Not very diversified geographically. Wealth management, insurance, and capital markets are voids in its portfolio.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$28.300
Owned
No
HOLD
HOLD
September 17, 2018

A mortgage- and loan-heavy bank, so it's more volatile than the big banks. But volatility is opportunity. Don't trade out of this for one to buy one of the big guys. Just stick with it.

Canadian Western Bank (CWB-T)
September 17, 2018

A mortgage- and loan-heavy bank, so it's more volatile than the big banks. But volatility is opportunity. Don't trade out of this for one to buy one of the big guys. Just stick with it.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$34.200
Owned
Unknown
COMMENT
COMMENT
February 22, 2018

Tied in with Alberta's economy, but in the past few years has surprised all--its loans losses aren't as bad as people feared. They've weathered the oil crisis very well. Prefers banks not as regional as this one. If you're positive about Alberta's outlook, then CWB is a good hold. A few new pipelines would boost sentiment.

Tied in with Alberta's economy, but in the past few years has surprised all--its loans losses aren't as bad as people feared. They've weathered the oil crisis very well. Prefers banks not as regional as this one. If you're positive about Alberta's outlook, then CWB is a good hold. A few new pipelines would boost sentiment.

Michael Sprung
President, Sprung Investment Management
Price
$37.820
Owned
Unknown
COMMENT
COMMENT
February 14, 2018

National Bank or Canadian Western Bank or Laurentian? Definitely National. It's growing in asset management and spending on technology, adapting their tech to their data findings. Drawback is it's Canadian-only focus. That said, he prefers larger banks operating in U.S. like TD and Royal.

National Bank or Canadian Western Bank or Laurentian? Definitely National. It's growing in asset management and spending on technology, adapting their tech to their data findings. Drawback is it's Canadian-only focus. That said, he prefers larger banks operating in U.S. like TD and Royal.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$37.820
Owned
Unknown
DON'T BUY
DON'T BUY
December 27, 2017

Doesn’t like. They don’t own any of the banks in Canada. It’s one he would avoid he doesn’t see good upside. Had a nice rebounce coming back from the energy issues that plagued the sector in 2015 and early 2016. If he owned, he would look at trimming and wouldn’t be picking up here. The oil environment has improved and gotten a lot better and thinks Canadian Western Bank is fully valued at this point. It’s a valuation issue, and also a broader issue around the banking sector with valuations, you are paying for the fundamentals, and thinks fundamentals are rather toppy in terms of the credit cycle.

Doesn’t like. They don’t own any of the banks in Canada. It’s one he would avoid he doesn’t see good upside. Had a nice rebounce coming back from the energy issues that plagued the sector in 2015 and early 2016. If he owned, he would look at trimming and wouldn’t be picking up here. The oil environment has improved and gotten a lot better and thinks Canadian Western Bank is fully valued at this point. It’s a valuation issue, and also a broader issue around the banking sector with valuations, you are paying for the fundamentals, and thinks fundamentals are rather toppy in terms of the credit cycle.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$38.970
Owned
Unknown
HOLD
HOLD
November 17, 2017

Although located in the West, the company is not dependent on oil and gas. They’ve been doing well. Have broken into eastern Canada a little. It is probably worth holding. 2.7% dividend yield.

Although located in the West, the company is not dependent on oil and gas. They’ve been doing well. Have broken into eastern Canada a little. It is probably worth holding. 2.7% dividend yield.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$35.310
Owned
Unknown
DON'T BUY
DON'T BUY
October 3, 2017

This has had a great recovery with both the oil recovery and housing worries abatement. He wouldn’t look at this in relation to other Canadian banks. Has a yield of under 3%, and you can get Bank of Nova Scotia or Royal Bank that is closer to 4%.

This has had a great recovery with both the oil recovery and housing worries abatement. He wouldn’t look at this in relation to other Canadian banks. Has a yield of under 3%, and you can get Bank of Nova Scotia or Royal Bank that is closer to 4%.

Ryan Bushell
President, Newhaven Asset Management
Price
$33.950
Owned
Unknown
BUY
BUY
September 21, 2017

It has had a wonderful rally. He is more constructive now on energy than in quite some time. This is a help from western Canada. He prefers US banks to Canadian but certainly this one is acting great and he would not have a problem owning it.

Canadian Western Bank (CWB-T)
September 21, 2017

It has had a wonderful rally. He is more constructive now on energy than in quite some time. This is a help from western Canada. He prefers US banks to Canadian but certainly this one is acting great and he would not have a problem owning it.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$32.000
Owned
Unknown
DON'T BUY
DON'T BUY
August 24, 2017

This one is in the work out phase. He stays with the larger banks. You are takin on the Western economy with this one. He prefers BNS-T and TD-T.

This one is in the work out phase. He stays with the larger banks. You are takin on the Western economy with this one. He prefers BNS-T and TD-T.

Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$28.540
Owned
No
PAST TOP PICK
PAST TOP PICK
July 13, 2017

*Short*. (Top Pick Jun 10’16, Up 9.11%) This is a paired trade for him. He has no specific target.

*Short*. (Top Pick Jun 10’16, Up 9.11%) This is a paired trade for him. He has no specific target.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$27.720
Owned
Yes
COMMENT
COMMENT
July 4, 2017

A levered way to play Canadian banks. When oil prices go down, this bank goes down more than it should. If you think oil prices are near their bottom, and he does, as they go up, this bank will catch up. This could be a really good levered play. Be careful, because if oil were to go back down to $40, this bank goes down.

A levered way to play Canadian banks. When oil prices go down, this bank goes down more than it should. If you think oil prices are near their bottom, and he does, as they go up, this bank will catch up. This could be a really good levered play. Be careful, because if oil were to go back down to $40, this bank goes down.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$27.860
Owned
Unknown
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