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CWB Financial reports Q2 profit up 40% from year ago, tops expectations - Medicine Hat NewsMedicine Hat News

CWB Financial reports Q2 profit up 40% from year ago, tops expectations Business Related Yes The CWB Financial Group logo is shown in this undated handout photo. THE CANADIAN PRESS/HO, Canadian Western Bank MANDATORY CREDIT EDMONTON – CWB Financial Group topped expectations as it reported its second-quarter profit rose 40 per cent compared with a year ago. The Edmonton-based bank says it profit available to common shareholders totalled $72 million or 82 cents per diluted share for the quarter ended April 30, up from $51.4 million or 59 cents per diluted share a year ago. The improvement came as its provisions for credit losses totalled $14.8 million, down from $34.9 million a year earlier at the start of the pandemic.

Canadian Western Bank Q2 Profit Rises 40%, Beats by C$0 08; Shares Down 2%

Canadian Western Bank Q2 Profit Rises 40%, Beats by C$0 08; Shares Down 2%
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CWB Financial Q2 profit tops expectations

CWB Financial reports Q2 profit up 40% from year ago, tops expectations | iNFOnews

CWB Financial reports Q2 profit up 40% from year ago, tops expectations The CWB Financial Group logo is shown in this undated handout photo. THE CANADIAN PRESS/HO, Canadian Western Bank MANDATORY CREDIT May 28, 2021 - 5:32 AM EDMONTON - CWB Financial Group topped expectations as it reported its second-quarter profit rose 40 per cent compared with a year ago. The Edmonton-based bank says it profit available to common shareholders totalled $72 million or 82 cents per diluted share for the quarter ended April 30, up from $51.4 million or 59 cents per diluted share a year ago. The improvement came as its provisions for credit losses totalled $14.8 million, down from $34.9 million a year earlier at the start of the pandemic.

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