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Canadian Western Bank

Buy Canadian Western Bank stocks

CANADIAN WESTERN BANK (CWB) Stocks

ABOUT CANADIAN WESTERN BANK

Canadian Western Bank is a banking company operating primarily in Western Canada.

Its portfolio offers banking products and services such as investment accounts, general trusts and trust funds investments, energy lending, equipment financing products, commercial lending, mortgages, education and investment loans, car loans, mutual funds as well as cash, current and savings management.

Canadian Western Bank employs more than 2 300 people and is headquartered in Edmonton, Alberta, Canada.

OVERVIEW OF CANADIAN WESTERN BANK

  • On March 22, 1984 the Bank of Alberta is founded as a Schedule 1 chartered bank by Dr. Charles Allard and Eugene Pechet. The bank later merges with the Western & Pacific Bank of Canada that was chartered in 1982.

  • In 1993 it buys Metropolitan Trust’s Western Canadian branches and expands its geographical range and portfolio. A year later Canadian Western Bank and North West trust Company merges to form Canadian Western Bank.

  • In 1996 the company buys BC Bancorp, which was chartered in 1967. The same year the Aetna Trust Company is purchased and renamed Canadian Western Trust Company.

  • In 1997 it buys Majendie Charlton Securities Ltd. and renames it Canadian Western Capital Ltd., which is sold to Goepel McDermid Inc. in 2000. Canadian Western Bank buys Laurentian Bank of Canada’s Regina and Kelowna branches in 2001.

  • During the next few years more acquisitions take place and Canadian Western Bank adds several businesses to its portfolio, including Canadian Direct Insurance Inc., Valiant Trust Company, National Bank of Greece’s Canadian branch as well as National Leasing.

VISION AND VALUES OF CANADIAN WESTERN BANK

  • Canadian Western Bank has received numerous awards and recognitions during the years that demonstrate its vision to be the best business bank and the value it sees in its employees, customers and shareholders.

  • Some of these include:
    • Winner of the 2019 Mortgage Industry Employer of Choice from the Canadian Mortgage Awards
    • Winner of the 2019 for Brokers on Lenders annual awards: Top Alternative Lender. The company has won this award every year from 2015.
    • Winner of the 2019 Canada’s Top 100 Employers
    • Winner of the 2019 Manitoba’s Top Employers
    • Winner of the 2018 Equipment Leasing and Finance Association’s Operations and Technology Excellence Award for 2018
    • Winner of the 2017 Best Small and Medium Employers in Canada for 2017 (10th year running)
    • Winner of the 2017 Spirit of Winnipeg Award for Wellness & Workplace Culture for 2017
    • Winner of the 2015 Canada’s 10 Most Admired Corporate Cultures
    • Winner of the 2015 Assiniboia Chamber of Commerce Philanthropic Award

MARKET PERFORMANCE OF CANADIAN WESTERN BANK

  • Canadian Western Bank trades on the Toronto Stock Exchange under the TSX stock symbol CWB.

  • Potential investors can buy shares now at a good price.

  • Data analysis for the company’s annual results for 2019 reports a total revenue of US Dollar 861.6 million. Basic earnings are US Dollar 3.05 per share and diluted earnings are US Dollar 3.04 per share. Net interest income is US Dollar 785.6 million.

  • Cash dividends are US Dollar 1.08 per common share. Assets are US Dollar 31,424.2 million. Cash resources, securities and repurchase agreements are US Dollar 2,475.4 million.

Buy CANADIAN WESTERN BANK stocks / shares – A Step by Step Guide how to Buy / Purchase CANADIAN WESTERN BANK Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CANADIAN WESTERN BANK Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CANADIAN WESTERN BANK STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CANADIAN WESTERN BANK STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CANADIAN WESTERN BANK stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CANADIAN WESTERN BANK stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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