Canadian Western Bank Posts Strong Quarterly Growth

Canadian Western Bank (TSE:CWB) has released an update.

Canadian Western Bank (CWB) reported a solid performance in its second quarter of 2024, with a 9% increase in both net income and earnings per share compared to the previous year. Despite a positive overall outlook, the bank experienced a sequential decrease in income and adjusted EPS due to seasonal factors and a modest increase in credit losses. The bank remains optimistic about growth opportunities, announcing a 6% dividend increase from the previous year and a plan to expand market share as economic conditions improve.

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