September 3, 2015 (8:00 am eastern time)

Canadian Western Bank’s earnings are out. Very positive in my opinion. Stock set to open about $1.00 higher or say 4% (and this 4% will change by the time the market actually opens in about 90 minutes) and remains a clear bargain in my opinion. But yes, if Alberta really sinks into a bad recession then the company could see much bigger loan losses. So there are always risks. But after almost a year of much lower oil prices this bank is doing very well. They expect to continue to be profitable.