News Formal

Canadian Western-EQB deal makes sense after market thrashing: Analyst - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

Shares of small Canadian lenders have taken a pummelling this year, and one veteran analyst thinks the table could now be set for takeovers in the sector.

And he thinks one combination makes particular sense: a takeover of EQB Inc. by Canadian Western Bank.

Shares of the four small lenders have declined an average of 32 per cent so far this year, Dechaine says. That’s versus a 14 per cent drop for the Big Six banks. “If this discounted valuation persists,” he wrote, ”we could see consolidation speculation of a different nature emerge: potential takeovers by larger entities.”

And he devotes considerable attention to the merits he sees in a combination of Canadian Western Bank and EQB.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Monday’s Insider Report: This grocery CEO is a buyer after an earnings miss sends shares tumblingA look at recent notable transactions
Source: globeandmail - 🏆 5. / 92 Read more »