CBWBF - Canadian Western Bank's Earnings And Dividends To Continue Upward
We expect Canadian Western Bank's (OTC: CBWBF) earnings to continue to rise in FY20 mostly due to balance-sheet growth. The management is looking to further expand its operations, particularly in Ontario, which we expect will boost both deposits and loans. Due to the expected rise in earnings, we anticipate dividends to also continue rising in FY20, providing forward dividend yield of 3.55%.
Deposit and Loan Growth to Continue
We expect CBWBF's strong deposit growth to continue because CBWBF is looking to expand its network, particularly in the Greater Toronto Area. The management discussed