Canadian Western Bank (TSE:CWB) – Research analysts at Desjardins cut their FY2017 earnings estimates for shares of Canadian Western Bank in a note issued to investors on Monday. Desjardins analyst D. Young now anticipates that the company will post earnings of $2.56 per share for the year, down from their previous estimate of $2.57. Desjardins also issued estimates for Canadian Western Bank’s Q4 2017 earnings at $0.67 EPS.

A number of other research firms have also weighed in on CWB. Canaccord Genuity raised their price target on shares of Canadian Western Bank from C$30.00 to C$33.00 in a report on Tuesday. TD Securities raised their price target on shares of Canadian Western Bank from C$36.00 to C$37.00 and gave the company a “hold” rating in a report on Tuesday. CIBC raised their price target on shares of Canadian Western Bank from C$33.00 to C$37.00 in a report on Tuesday. National Bank Financial raised their price target on shares of Canadian Western Bank from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Laurentian Bank of Canada raised their price target on shares of Canadian Western Bank from C$36.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$33.90.

COPYRIGHT VIOLATION NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/02/canadian-western-bank-cwb-forecasted-to-post-fy2017-earnings-of-2-56-per-share.html.

Canadian Western Bank Company Profile

Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.

Earnings History and Estimates for Canadian Western Bank (TSE:CWB)

Receive News & Ratings for Canadian Western Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Western Bank and related companies with MarketBeat.com's FREE daily email newsletter.