Today, Greg Newman and Stockchase Insights commented about whether BROS-N, TSU-T, ECN-T, PEY-T, COST-Q, DOL-T, RCI.B-T, WFC-N, SOBO-N, BBD.B-T, TD.PR.T-T, KXS-T, HHL-T, SHOP-T, AQN-T, TOU-T, GSY-T, MFC-T, ABX-T, CSH.UN-T, ALA-T, BIP-N, UBER-N, C-N are stocks to buy or sell.
Excellent growth rate. Prospects look strong for the company. Would be top US bank to pick at this time. Very strong balance sheet with good lending capabilities. Share price expected to continue to rise. Recent quarter results excellent - continue to beat expectations. Dividend very good and reliable.
EPS of 5c beat estimates of 4.3c; revenue of $66M beat estimates of $61M. New originations were $625.7M vs $571M last year. Guidance was afffirmed for 2024 but boosted for 2025 (19c to 25c vs 18c estimated). The company has streamlined its cost structure and is benefitting somewhat from lower rates. It was a good quarter. Still, we would rate it a HOLD for now after the move.
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Management issues a concern, but company very strong. Credit lending very good. Earnings expected to grow. Price to growth very good. Would recommend buying.