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Equitable Group ( (TSE:EQB) ) has provided an update.
EQB Inc. has announced a significant acquisition of PC Financial from Loblaw Companies Limited, aiming to redefine challenger banking in Canada. This acquisition will create one of the largest loyalty-linked banking ecosystems in the country, expanding EQB’s customer base to nearly 3.5 million Canadians and adding substantial assets and deposits. The transaction is expected to be financially beneficial for EQB, enhancing its market position and offering more value and rewards to Canadian consumers through an exclusive partnership with the PC Optimum loyalty program.
The most recent analyst rating on (TSE:EQB) stock is a Sell with a C$90.00 price target. To see the full list of analyst forecasts on Equitable Group stock, see the TSE:EQB Stock Forecast page.
More about Equitable Group
Equitable Group (EQB) operates in the financial services industry, primarily focusing on digital banking solutions. The company is known for its innovative approach to banking and offers a range of financial products and services, including credit cards and digital banking platforms, targeting Canadian consumers.
Average Trading Volume: 144,072
Technical Sentiment Signal: Hold
Current Market Cap: C$3.28B
Learn more about EQB stock on TipRanks’ Stock Analysis page.