Canadian Western Bank

CWB-T

TSE:CWB

23.38
0.57 (2.38%)
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.
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Analysis and Opinions about CWB-T

Signal
Opinion
Expert
COMMENT
COMMENT
June 30, 2017

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.)

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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.)

COMMENT
COMMENT
May 29, 2017

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.

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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.

COMMENT
COMMENT
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.

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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.

WEAK BUY
WEAK BUY
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.

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(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.

COMMENT
COMMENT
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.

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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.

COMMENT
COMMENT
January 3, 2017

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.

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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.

DON'T BUY
DON'T BUY
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.

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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.

SELL STRENGTH
SELL STRENGTH
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.

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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.

DON'T BUY
DON'T BUY
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.

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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.

PAST TOP PICK
PAST TOP PICK
October 19, 2016

(A Top Pick June 3/15. Down 6.69%.) Given what is happening in Alberta and with the Alberta housing market, this is down. They bought a vehicle financing business, and sold off their custodian and their PNC insurance business. He still likes it.

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(A Top Pick June 3/15. Down 6.69%.) Given what is happening in Alberta and with the Alberta housing market, this is down. They bought a vehicle financing business, and sold off their custodian and their PNC insurance business. He still likes it.

PAST TOP PICK
PAST TOP PICK
October 4, 2016

(A Top Pick Nov 24/15. Down 1.28%.) Short. (A pairs trade with a Long on Callidus Capital (CBL-T).)

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(A Top Pick Nov 24/15. Down 1.28%.) Short. (A pairs trade with a Long on Callidus Capital (CBL-T).)

SELL
SELL
September 23, 2016

(Market Call Minute.) Oil and gas.

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Canadian Western Bank (CWB-T)
September 23, 2016

(Market Call Minute.) Oil and gas.

COMMENT
COMMENT
August 31, 2016

Canadian Banks were really superstars this last quarter. A lot of that had to do with them being overly pessimistic regarding provisions for credit losses, particularly relating to the energy industry. This bank would be even more so. Trades at a significant discount to the rest of the group. Given the way the dynamics for oil is playing out, the forward curve for crude, you are probably going to be in a good scenario for the next 6-12 months with this bank.

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Canadian Banks were really superstars this last quarter. A lot of that had to do with them being overly pessimistic regarding provisions for credit losses, particularly relating to the energy industry. This bank would be even more so. Trades at a significant discount to the rest of the group. Given the way the dynamics for oil is playing out, the forward curve for crude, you are probably going to be in a good scenario for the next 6-12 months with this bank.

DON'T BUY
DON'T BUY
July 20, 2016

Because it is one of the smaller banks with a lot of exposure to Alberta, the stock sold off. Earnings growth rate has come down quite a bit, so multiples have contracted as well. You could play the larger banks where you don’t have that concentration risk in terms of Alberta. Feels the next couple of quarters could be difficult for them. Had sold his holdings.

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Because it is one of the smaller banks with a lot of exposure to Alberta, the stock sold off. Earnings growth rate has come down quite a bit, so multiples have contracted as well. You could play the larger banks where you don’t have that concentration risk in terms of Alberta. Feels the next couple of quarters could be difficult for them. Had sold his holdings.

SELL
SELL
July 14, 2016

(Market Call Minute.) Take your money and run.

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(Market Call Minute.) Take your money and run.

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