Canadian Western Bank logo

CWB - Canadian Western Bank News Story

C$26.57 -0.2  -0.6%

Last Trade - 22/09/20

Sector
Financials
Size
Mid Cap
Market Cap £1.37bn
Enterprise Value £3.20bn
Revenue £517.1m
Position in Universe 160th / 2681

Canadian Western Bank profit falls, warns of more oil impact

Thu 1st September, 2016 12:30pm
TORONTO, Sept 1 (Reuters) - Canadian Western Bank  CWB.TO  
reported a decline in earnings in the third-quarter on Thursday 
and said it expected the low price of oil to continue to impact 
its clients in the province of Alberta during the rest of 2016. 
    The bank, which mainly lends to clients in the western 
provinces of Canada, reported net income of C$45.6 million  ($35 
million), down 11 percent on the year before. Earnings per share 
fell by 8 percent to C$0.60. 
    ($1 = 1.3115 Canadian dollars) 
 
 (Reporting by Matt Scuffham; editing by Susan Thomas) 
 ((matthew.scuffham@thomsonreuters.com; +1-416-687-7591; Reuters 
Messaging: matthew.scuffham.reuters.com@reuters.net)) 
 
Keywords: CANADIANWESTERN RESULTS/
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.