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Canadian Western Bank (CWB.TO)

CWB.TO on Toronto Stock Exchange

29.79CAD
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Change (% chg)

$0.19 (+0.64%)
Prev Close
$29.60
Open
$29.54
Day's High
$29.82
Day's Low
$29.22
Volume
272,522
Avg. Vol
279,204
52-wk High
$38.96
52-wk Low
$24.33

Latest Key Developments (Source: Significant Developments)

Canadian Western Bank Reports Qtrly Earnings Per Share Of $0.75
Thursday, 7 Mar 2019 

March 7 (Reuters) - Canadian Western Bank ::CWB REPORTS FIRST QUARTER FINANCIAL PERFORMANCE.Q1 REVENUE C$212 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$212.6 MILLION.QTRLY EARNINGS PER SHARE $0.75.Q1 EARNINGS PER SHARE VIEW C$0.79 -- REFINITIV IBES DATA.QTRLY NET INTEREST MARGIN OF 2.61%, UP NINE BASIS POINTS..TOTAL LOANS, EXCLUDING THE ALLOWANCE FOR CREDIT LOSSES, AT JANUARY 31, 2019 OF $26,888 MILLION WERE UP 10% FROM LAST YEAR.QTRLY PROVISION FOR CREDIT LOSSES ON TOTAL LOANS AS PERCENT OF AVERAGE. LOANS OF 24 BPS, COMPARED TO 18 BASIS POINTS LAST YEAR.AT JANUARY 31, 2019, CWB'S CAPITAL RATIOS WERE 9.1% CET1, 10.7% TIER 1 AND 12.0% TOTAL CAPITAL..AS PART OF MEDIUM-TERM PERFORMANCE TARGET, SEE ADJUSTED CASH EARNINGS PER COMMON SHARE GROWTH OF 7 - 12%.AS PART OF MEDIUM-TERM PERFORMANCE TARGET, SEE ADJUSTED RETURN ON COMMON SHAREHOLDERS' EQUITY OF 12 - 15%.  Full Article

CWB Announces Increase To NVCC Preferred Share Offering
Monday, 21 Jan 2019 

Jan 21 (Reuters) - Canadian Western Bank ::CWB ANNOUNCES INCREASE TO NVCC PREFERRED SHARE OFFERING.CANADIAN WESTERN BANK - SIZE OF DOMESTIC PUBLIC OFFERING OF NON-CUMULATIVE 5-YEAR RATE RESET FIRST PREFERRED SHARES SERIES 9 INCREASED TO 5 MILLION SHARES.CANADIAN WESTERN BANK - GROSS PROCEEDS OF DOMESTIC PUBLIC OFFERING OF NON-CUMULATIVE 5-YEAR RATE RESET FIRST PREFERRED SHARES SERIES 9 NOW $125 MILLION.  Full Article

CWB Franchise Finance Provides Financing To Ricky’s For Acquisition Of Famoso Neapolitan Pizzeria
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Canadian Western Bank ::CWB FRANCHISE FINANCE PROVIDES FINANCING TO RICKY’S GROUP FOR ACQUISITION OF FAMOSO NEAPOLITAN PIZZERIA.  Full Article

Canadian Western Bank Q1 Adj Cash Shr C$0.75
Thursday, 8 Mar 2018 

March 8 (Reuters) - Canadian Western Bank ::Q1 ADJUSTED CASH EARNINGS PER SHARE C$0.75 .CWB REPORTS VERY STRONG FIRST QUARTER FINANCIAL PERFORMANCE.Q1 REVENUE ROSE 10 PERCENT TO C$193 MILLION.  Full Article

Canadian Western Bank Sees Q4 Adjusted Cash Earnings Per Share Of C$0.74
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Canadian Western Bank ::CWB REPORTS VERY STRONG FINANCIAL PERFORMANCE FOR THE FOURTH QUARTER AND FISCAL 2017.SEES Q4 ADJUSTED CASH EARNINGS PER SHARE C$0.74.Q4 REVENUE C$196 MILLION VERSUS I/B/E/S VIEW C$187.9 MILLION.- QTRLY EARNINGS PER COMMON SHARE OF $0.68.- QTRLY NET INTEREST INCOME $171 MILLION VERSUS $149.7 MILLION.  Full Article

CWB Financial to acquire assets of ECN Capital Corp
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Canadian Western Bank :CWB Financial Group to acquire equipment finance and leasing assets of ECN Commercial and Vendor Finance Canada.  Full Article

Computershare to buy Canadian Western Trust's Exempt Market Securities business
Wednesday, 16 Aug 2017 

Aug 16 (Reuters) - Computershare Ltd :Computershare to acquire Exempt Market Securities business of Canadian Western Trust.Agreement includes portfolio of about 22,500 self-directed exempt market plan-holder accounts with AUA of about C$1.7 billion.  Full Article

Canadian Western Trust Co to exit exempt market securities business line
Wednesday, 16 Aug 2017 

Aug 16 (Reuters) - Canadian Western Bank :Canadian Western Trust Company to exit exempt market securities business line.Canadian Western Bank - ‍earnings contributions from the business line are not material on a consolidated basis for CWB​.Canadian Western Bank - ‍CWT entered into a definitive agreement to appoint computershare trust company of Canada as successor trustee for clients ​.Canadian Western Bank-CWT & a member of CWB Financial Group will no longer offer self-directed account services to holders of exempt market securities​.  Full Article

CWB Q2 earnings per share C$0.54
Thursday, 1 Jun 2017 

June 1 (Reuters) - Canadian Western Bank ::cwb reports strong second quarter financial performance.Q2 earnings per share C$0.54.Q2 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S.Q2 adjusted cash earnings per share C$0.59.Q2 revenue C$173 million.Canadian Western Bank - ‍expect increase in both mortgage application volumes and broker deposit pricing to be temporary​.  Full Article

CWB reports Q2 earnings of C$0.54/shr
Thursday, 1 Jun 2017 

June 1 (Reuters) - Canadian Western Bank :CWB reports strong second quarter financial performance.Q2 earnings per share C$0.54.Q2 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S.Q2 revenue C$173 million.Qtrly adjusted cash earnings per common share of $0.59.Canadian Western Bank - due to relatively moderate growth in H1 2017, "it will likely be challenging to deliver double digit growth in fiscal 2017".  Full Article

CANADA STOCKS-TSX futures down as oil prices fall on global growth worries

March 8 Futures pointed to a lower open for Canada's main stock index on Friday, as oil prices dropped on global growth worries after China reported weak export data and the European Central Bank warned of continued weakness.