EQB.TO - Equitable Group Inc.

Toronto - Toronto Delayed Price. Currency in CAD
97.06
+2.32 (+2.45%)
At close: 4:00PM EDT
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Previous Close94.74
Open95.69
Bid96.75 x 0
Ask97.04 x 0
Day's Range94.67 - 98.04
52 Week Range56.12 - 98.04
Volume95,954
Avg. Volume30,589
Market Cap1.618B
Beta (3Y Monthly)1.62
PE Ratio (TTM)9.06
EPS (TTM)10.71
Earnings DateNov 6, 2019 - Nov 11, 2019
Forward Dividend & Yield1.32 (1.41%)
Ex-Dividend Date2019-09-12
1y Target Est100.00
  • CNW Group

    Equitable Group Announces Conversion Privilege of Non-Cumulative Rate Reset Preferred Shares, Series 3

    TORONTO , Aug. 22, 2019 /CNW/ - Equitable Group Inc. (TSX:EQB and EQB.PR.C) ("Equitable" or the "Company") today announced that it does not intend to exercise its right to redeem all or any part of its currently outstanding 3,000,000 non-cumulative redeemable 5-year rate reset Preferred Shares, Series 3 (the "Series 3 Preferred Shares") on September 30, 2019 (the "Conversion Date"). As a result, and subject to certain terms of the Series 3 Preferred Shares, the holders of the Series 3 Preferred Shares have the right, at their option, to convert all or part of their Series 3 Preferred Shares, on a one-for-one basis, into non-cumulative floating rate Preferred Shares, Series 4 ("Series 4 Preferred Shares") on September 30, 2019 . Holders who do not exercise their right to convert their Series 3 Preferred Shares into Series 4 Preferred Shares will retain their Series 3 Preferred Shares, unless automatically converted in accordance with the terms below.

  • CNW Group

    Equitable Bank Announces Intention to Develop a Covered Bond Program

    TORONTO , Aug. 21, 2019 /CNW/ - Equitable Group Inc. (TSX:EQB and EQB.PR.C) ("Equitable" or the "Company") today announced that it has selected Barclays Bank PLC ("Barclays") and TD Securities ("TD") to assist the Company's subsidiary, Equitable Bank, with developing a covered bond funding program. Management's goal is to launch the program as early as 2020, subject to regulatory approval of its program and market conditions.

  • Thomson Reuters StreetEvents

    Edited Transcript of EQB.TO earnings conference call or presentation 31-Jul-19 12:30pm GMT

    Q2 2019 Equitable Group Inc Earnings Call

  • Does The Equitable Group Inc. (TSE:EQB) Share Price Tend To Follow The Market?
    Simply Wall St.

    Does The Equitable Group Inc. (TSE:EQB) Share Price Tend To Follow The Market?

    If you're interested in Equitable Group Inc. (TSE:EQB), then you might want to consider its beta (a measure of share...

  • Equitable, Home Capital Cash in on Tighter Canada Mortgage Rules
    Bloomberg

    Equitable, Home Capital Cash in on Tighter Canada Mortgage Rules

    (Bloomberg) -- Equitable Group Inc. and Home Capital Group Inc. are reaping a windfall from Canada’s tighter mortgage regulations.Shares of the alternative lenders are surging as homebuyers seek financing outside the big banks in the wake of new mortgage rules imposed last year and as home prices in big cities such as Toronto remain lofty.Equitable was up 16% to a record C$93.69 at 1:08 p.m. in Toronto after reporting earnings Tuesday that blew past analysts expectations. Home Capital, which was bailed out by Warren Buffett’s Berkshire Hathaway Inc. in 2017, climbed 7.5% to its highest in more than two years.The rules are making it difficult for some homebuyers to qualify at the big banks but they’re still good credits, said Equitable Chief Executive Officer Andrew Moor. The company controls about 35% of the alternative mortgage market in Canada and should see more business amid forecasts for lower interest rates and high levels of immigration, he said.“We certainly have seen our client portfolio quality improve over the last couple of years,” Moor said in an interview. “The general risk of a house-price correction gets reduced as these rules now get embedded in the system. It’s a structural permanent shift and we will continue to see higher credit quality than we’ve ever had.”Earnings SurpriseEquitable reported record earnings and a surge in principal retail loans outstanding of C$16.9 billion ($12.8 billion), up 23% from a year ago. Commercial loans outstanding rose 19% to C$7.9 billion. The company said it will increase its dividend at a rate of 20% to 25% per year over the next five years, up from a previous target of 10% per year.Home Capital is due to report on Aug. 7, with profit seen up about 7%, according to analysts surveyed by Bloomberg.Equitable also operates Equitable Bank, which offers high-interest savings accounts and guaranteed investment certificates at higher rates than the big banks.“People understand that Equitable challenges banks and we have really embraced the digital future as a bank online platform,” Moor said.While all the analysts covering the company have increased their price targets, the stock trades at only 7.6 times estimated forward earnings per share, versus 10 times for comparable companies, according to data compiled by Bloomberg.“We certainly see people interested in buying” the company, Moor said. “Our thinking is that we can keep growing, we are the ninth-largest bank in Canada, we’re growing faster than any of the other ones.”To contact the reporter on this story: Paula Sambo in Toronto at psambo@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, Jacqueline Thorpe, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CNW Group

    IIROC Trade Resumption - EQB

    IIROC Trade Resumption - EQB

  • CNW Group

    Equitable Group Reports Record Results, Increases Dividend and Announces Intention to Increase Rate of Dividend Growth

    Equitable Group Reports Record Results, Increases Dividend and Announces Intention to Increase Rate of Dividend Growth

  • CNW Group

    IIROC Trading Halt - EQB

    IIROC Trading Halt - EQB

  • CNW Group

    Equitable Bank Launches BMO Partnership for CSV Line of Credit

    Equitable Bank Launches BMO Partnership for CSV Line of Credit

  • CNW Group

    Equitable Bank Renews $400 Million Secured Backstop Facility

    TORONTO , June 19, 2019 /CNW/ - Equitable Group Inc. (TSX:EQB and EQB.PR.C) ("Equitable" or "Company") today announced it has closed a $400 million secured backstop liquidity facility with a syndicate of Canadian bank lenders led by The Toronto-Dominion Bank and including Bank of Montreal, CIBC, National Bank, and Scotiabank. The new 2-year facility replaces a more expensive maturing backstop and results in savings to the Company of approximately $1.6 million per quarter ( $0.29 of annualized EPS benefit) as compared with Q1 2019.  The cost of the new facility, on an undrawn basis, is 60 basis points or $2.4 million per annum. The interest rate on any funds drawn under the facility would be equal to CDOR plus 125 basis points, which makes it competitive with the Bank`s most recent Deposit Note issuance.  The Company did not draw on its previous facility that was put in place following a period of funding market instability in the spring of 2017 and does not anticipate drawing on the new facility.

  • CNW Group

    Equitable Group to Report Second Quarter 2019 Results

    Equitable Group to Report Second Quarter 2019 Results

  • Is Equitable Group Inc.'s (TSE:EQB) CEO Paid At A Competitive Rate?
    Simply Wall St.

    Is Equitable Group Inc.'s (TSE:EQB) CEO Paid At A Competitive Rate?

    Andrew R. Moor became the CEO of Equitable Group Inc. (TSE:EQB) in 2007. This analysis aims first to contrast CEO...

  • Thomson Reuters StreetEvents

    Edited Transcript of EQB.TO earnings conference call or presentation 10-May-19 12:30pm GMT

    Q1 2019 Equitable Group Inc Earnings Call

  • CNW Group

    Equitable Bank Reverse Mortgages Now Available in Quebec

    MONTREAL , May 27, 2019 /CNW/ - Equitable Bank (" Canada's Challenger Bank™"), the wholly owned subsidiary of Equitable Group Inc. (TSX: EQB and EQB.PR.C) today announced the launch of the Equitable Bank Reverse Mortgage in Quebec . "Many banks, Equitable included, offer services that help Quebecers build their wealth, but surprisingly few do what we have done: design a product that efficiently unlocks home equity for those in the asset decumulation stage of life," said Natalie Cormier , Regional Director Quebec, Equitable Bank. The need for the Equitable Bank Reverse Mortgage is clear: only six per cent of Canadians feel financially well-positioned to tackle retirement and 43% have saved less than $100,000 , according to Mintel's 2018 Retirement Planning Report.

  • CNW Group

    Equitable Group Announces Election of Directors

    Equitable Group Announces Election of Directors

  • If You Like EPS Growth Then Check Out Equitable Group (TSE:EQB) Before It's Too Late
    Simply Wall St.

    If You Like EPS Growth Then Check Out Equitable Group (TSE:EQB) Before It's Too Late

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

  • CNW Group

    Equitable Group Reports Record Results, Increases Common Share Dividend

    Equitable Group Reports Record Results, Increases Common Share Dividend

  • What Kind Of Shareholders Own Equitable Group Inc. (TSE:EQB)?
    Simply Wall St.

    What Kind Of Shareholders Own Equitable Group Inc. (TSE:EQB)?

    If you want to know who really controls Equitable Group Inc. (TSE:EQB), then you'll have to look at the makeup of its share registry. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a no...

  • CNW Group

    Equitable Bank Completes $150 Million Deposit Note Issue

    TORONTO , April 16, 2019 /CNW/ - Equitable Bank, a wholly owned subsidiary of Equitable Group Inc. (the "Company") (TSX:EQB and EQB.PR.C) today announced the closing of a successful institutional placement of a $150 million 2-year fixed rate deposit note due April 16, 2021 (the "Deposit Note"). The Deposit Note was priced at 160 basis points over comparable term Government of Canada bonds, which was tighter than the levels achieved on Equitable's last deposit note issuance.  Similarly, twenty-five (25) investors participated in the deal, almost twice as many as in the Company's previous deposit note issuance.  The Deposit Note ranks equally and ratably with all present and future unsecured and unsubordinated liabilities of the Company.  It is not eligible for Canada Deposit Insurance Corporation insurance.

  • CNW Group

    Equitable Launches its First Digital Annual Report

    TORONTO , April 10, 2019 /CNW/ - Equitable Group Inc. (TSX: EQB and EQB.PR.C) ("Equitable" or the "Company") today launched its first all-digital annual report to give shareholders a more comprehensive and accessible method for reviewing the progress of its business. This innovative format aligns with Equitable's digital strategy and positioning as Canada's Challenger Bank™. The report contains a personal message from Equitable's Chair of the Board and a video featuring Equitable's President and CEO, in addition to serving as a digital repository for key annual disclosures including the MD&A and Consolidated Financial Statements, Management Information Circular, Annual Information Form and Public Accountability Statement.

  • CNW Group

    Equitable Group to Report First Quarter 2019 Results

    Equitable Group to Report First Quarter 2019 Results

  • Should Equitable Group (TSE:EQB) Be Disappointed With Their 26% Profit?
    Simply Wall St.

    Should Equitable Group (TSE:EQB) Be Disappointed With Their 26% Profit?

    By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger returns, and build a portfolio ourselves. JustRead More...

  • Thomson Reuters StreetEvents

    Edited Transcript of EQB.TO earnings conference call or presentation 1-Mar-19 3:00pm GMT

    Q4 2018 Equitable Group Inc Earnings Call

  • CNW Group

    Equitable Group Reports Fourth Quarter and Annual Results, Increases Common Share Dividend By 7%

    Equitable Group Reports Fourth Quarter and Annual Results, Increases Common Share Dividend By 7%

  • Have Insiders Been Buying Equitable Group Inc. (TSE:EQB) Shares?
    Simply Wall St.

    Have Insiders Been Buying Equitable Group Inc. (TSE:EQB) Shares?

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! It is not uncommon to see companies perform well inRead More...