Canadian Western Bank update

Canadian Western Bank is updated and rated Strong Buy at $23.66. This bank’s earnings remain strong despite lower oil prices. Q4 profit did decline about 8% versus the previous year. But the bank is not expecting any unmanageable level of loan losses. The share price is down about 45% from the highs reached in AugustĀ 2014. Experience suggests that buying a well-run bank at 1.07 times book value tends to be a good investment. However, patience is required.

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