Canadian Western Bank (TSE:CWB) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Canadian Western Bank (CWB) reported a full-year net income of $268 million and adjusted earnings per share of $3.01, despite facing challenges such as increased provisions for credit losses. The bank is in the process of a strategic acquisition by National Bank of Canada, which aims to enhance services and create value for clients and shareholders. The transaction is expected to close in 2025, subject to regulatory approvals.
For further insights into TSE:CWB stock, check out TipRanks’ Stock Analysis page.