Saturday, October 31, 2020

CWB stock:

 Canadian Western Bank (TSX:CWB) is another TSX stock Canadians should consider adding right now. This regional bank has a large footprint in western Canada but is also making a push in the eastern part of the country. Shares of Canadian Western have dropped 20% so far this year.

In Q3 2020, the bank saw revenue increase 4% from the prior year to $226 million. Loans rose 5% to $29.7 billion, posting 10% growth in Ontario. Moreover, branch-raised deposits climbed 22% to $16 billion.

This TSX stock last had a very favourable P/E ratio of 8.4 and a P/B value of 0.7. Canadian Western offers a quarterly dividend of $0.29 per share. That represents a 4.7% yield. It has delivered dividend growth for over 25 consecutive years

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