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The latest announcement is out from Equitable Group ( (TSE:EQB) ).
EQB Inc. reported a challenging fiscal 2025 with a significant restructuring program in the fourth quarter, resulting in a $92 million pre-tax charge aimed at improving cost structure and operational efficiency. Despite a difficult year, EQB’s strategic initiatives, including the acquisition of PC Financial and a partnership with Loblaw, are expected to strengthen its market position. The company saw growth in EQ Bank deposits, reaching nearly $10 billion, and launched a new Business Banking platform. However, EQB faced macroeconomic headwinds, impacting its credit loss provisions and overall financial performance.
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, operating as EQB Inc., is a diversified Canadian lender and owner of EQ Bank, a leading banking brand in Canada. The company focuses on providing innovative banking solutions, including Challenger Bank products, and has a strong presence in both commercial and personal banking sectors. EQB is known for its strategic partnerships, such as the acquisition of PC Financial and collaboration with Loblaw, which enhance its market position.
Average Trading Volume: 144,072
Technical Sentiment Signal: Hold
Current Market Cap: C$3.28B
See more insights into EQB stock on TipRanks’ Stock Analysis page.