Canadian Western Bank | StockChase
204
Canadian Western Bank (CWB-T)

Last Price Recorded: $37.2200 on 2017-12-14

ON STOCKCHASE SINCE Jan 2001

banks
204
Canadian Western Bank (CWB-T)

Last Price Recorded: $37.2200 on 2017-12-14

ON STOCKCHASE SINCE Jan 2001


Canadian Western Bank


Signal Opinion Expert
HOLD
Canadian Western Bank(CWB-T) 

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.

banks

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.

banks
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$35.310
Owned Owned
Unknown

DON'T BUY

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%.

banks

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%.

banks
Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Asso...

PricePrice
$33.950
Owned Owned
Unknown

BUY
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.

banks

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.

banks
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$32.000
Owned Owned
Unknown

DON'T BUY

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.

banks

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.

banks
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$28.540
Owned Owned
No

PAST TOP PICK

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

banks

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

banks
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$27.720
Owned Owned
Yes

COMMENT

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.

banks

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.

banks
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$27.860
Owned Owned
Unknown

COMMENT

The whole banking sector is quite positive. The chart shows a little head and shoulders. If it can break above $32, it would probably run away pretty nicely. He likes the whole financial sector. (See Top Picks.)

banks

The whole banking sector is quite positive. The chart shows a little head and shoulders. If it can break above $32, it would probably run away pretty nicely. He likes the whole financial sector. (See Top Picks.)

banks
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$27.380
Owned Owned
Unknown

COMMENT

Compared to Oil prices over the last 5 years, you can see it is a big proxy.  It is not a perfect correlation, but oil is a huge influence.  CWB-T will be a range trader for the next 5 years.

banks

Compared to Oil prices over the last 5 years, you can see it is a big proxy.  It is not a perfect correlation, but oil is a huge influence.  CWB-T will be a range trader for the next 5 years.

banks
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$24.560
Owned Owned
Unknown

COMMENT
Canadian Western Bank(CWB-T) 

February 22, 2017

Has a long term Short on this. Looking back to the last downturn in 2008-2009, it took 17 quarters for them to get back to pre-recession provisioning levels. The current downturn in Alberta has been a lot longer and more protracted, so thinks the time horizon for provisions will probably be even longer than 17 quarters and doesn’t think the street is factoring that in.

banks

Has a long term Short on this. Looking back to the last downturn in 2008-2009, it took 17 quarters for them to get back to pre-recession provisioning levels. The current downturn in Alberta has been a lot longer and more protracted, so thinks the time horizon for provisions will probably be even longer than 17 quarters and doesn’t think the street is factoring that in.

banks
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$30.410
Owned Owned
Yes

WEAK BUY
Canadian Western Bank(CWB-T) 

February 16, 2017

(Market Call Minute) Completely exposed to the West.  Its loan book is not as bad as people thought.  It is not going out of business.

banks

(Market Call Minute) Completely exposed to the West.  Its loan book is not as bad as people thought.  It is not going out of business.

banks
David Baskin

President, Baskin Wealth Manage...

PricePrice
$29.900
Owned Owned
Unknown

COMMENT
Canadian Western Bank(CWB-T) 

February 10, 2017

This has most of its operations in Western Canada, and is very tied into the energy market. It will sink or swim with energy stocks. Its underperformed the other banks. If you are a big believer that the worst is over for energy, and that there is growth ahead, then this probably has some leverage. He wouldn’t hedge quite like this. If you want an energy stock, he would buy it, and if you want a bank, he would buy a regular bank.

banks

This has most of its operations in Western Canada, and is very tied into the energy market. It will sink or swim with energy stocks. Its underperformed the other banks. If you are a big believer that the worst is over for energy, and that there is growth ahead, then this probably has some leverage. He wouldn’t hedge quite like this. If you want an energy stock, he would buy it, and if you want a bank, he would buy a regular bank.

banks
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$29.880
Owned Owned
Unknown

COMMENT

This would be reward time for him. Stocks don’t behave this way. A good name and a good company, but anything with bank or financial, has had about a year’s move in 2 months.

banks

This would be reward time for him. Stocks don’t behave this way. A good name and a good company, but anything with bank or financial, has had about a year’s move in 2 months.

banks
Elliot Fishman

Director, US & International E...

PricePrice
$30.740
Owned Owned
Unknown

DON'T BUY
Canadian Western Bank(CWB-T) 

December 7, 2016

It has lagged and the regional exposure is the reason for the lag.  It is undiversified by geography and by line of business.  His concern would be that although the oil commodity complex is picking up, he feels employment has a lagged effect.  Loan losses and credit provisions would be a concern for some time.

banks

It has lagged and the regional exposure is the reason for the lag.  It is undiversified by geography and by line of business.  His concern would be that although the oil commodity complex is picking up, he feels employment has a lagged effect.  Loan losses and credit provisions would be a concern for some time.

banks
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$31.320
Owned Owned
Unknown

SELL ON STRENGTH
Canadian Western Bank(CWB-T) 

December 5, 2016

Banks have been coming out with strong fourth quarter results and this one is about to report.  Technically this is in an upward trend.  It looks okay.  Banks usually move higher from August until the end of November.  This is usually the time to take money off the table.  Look for such an opportunity to sell on strength over the next couple of weeks.

banks

Banks have been coming out with strong fourth quarter results and this one is about to report.  Technically this is in an upward trend.  It looks okay.  Banks usually move higher from August until the end of November.  This is usually the time to take money off the table.  Look for such an opportunity to sell on strength over the next couple of weeks.

banks
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$29.500
Owned Owned
Unknown

DON'T BUY
Canadian Western Bank(CWB-T) 

December 1, 2016

He likes the financial sector, but believes the US banks are the better place to invest right now. A well-run company, but the stock is up quite a bit in recent months, probably around optimism on oil prices. The stock is not overly cheap. Feels there are better places to invest in, in financials.

banks

He likes the financial sector, but believes the US banks are the better place to invest right now. A well-run company, but the stock is up quite a bit in recent months, probably around optimism on oil prices. The stock is not overly cheap. Feels there are better places to invest in, in financials.

banks
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$30.310
Owned Owned
Unknown

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