The Only Bank Stock Worth Owning Right Now
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Canadian Western Bank (TSX:CWB) provides personal and business banking products and services primarily in Western Canada. The company offers a variety of bank accounts, leading products, equipment financing products, mortgages, secured lines of credit, registered retirement savings plan, vehicle loans, personal lines of credit and credit cards. The bank was incorporated in 1984 and is headquartered in Edmonton, Canada.
The company is extremely cheap with a price to earnings ratio of 10.49, price to book ratio of 0.97, dividend yield of 3.84% and market capitalization of $ 2.61 billion. Debt is moderate at Canadian Western Bank in comparison to the other major banks. The company has excellent performance metrics with an operating margin of 46.08% and a return on equity of 8.65%.