Canadian Western Bank Looking To Growth To Counteract Increasing Macro Pressures

 October 9, 2019 - 2:01 PM EDT
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Canadian Western Bank Looking To Growth To Counteract Increasing Macro Pressures

I continue to be impressed by how Canadian Western Bank (CBWBF) (CWB.TO) management addresses the challenges facing this small commercially-focused bank, even if some of the challenges are self-inflicted. While I thought the shares looked more than 20% undervalued when I last wrote about the shares, I'm a little surprised that the shares have done well since then (up close to 25%) given how negative sentiment has been for much of the past year.

Macro headwinds are accelerating; NIM compression looks probable, credit losses are likely to increase, Canada's economy is slowing,

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Source: SeekingAlpha (October 9, 2019 - 2:01 PM EDT)

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