EQB.TO - Equitable Group Inc.

Toronto - Toronto Delayed Price. Currency in CAD
93.39
+1.73 (+1.89%)
At close: 4:00PM EDT
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Previous Close91.66
Open92.04
Bid93.03 x 0
Ask93.74 x 0
Day's Range91.68 - 93.84
52 Week Range56.12 - 97.96
Volume12,066
Avg. Volume30,606
Market Cap1.557B
Beta (3Y Monthly)1.62
PE Ratio (TTM)8.72
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.32 (1.44%)
Ex-Dividend Date2019-09-12
1y Target EstN/A
  • 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.

  • 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

  • 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...

  • 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...

  • 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

  • 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...

  • Thomson Reuters StreetEvents

    Edited Transcript of EQB.TO earnings conference call or presentation 9-Nov-18 1:30pm GMT

    Q3 2018 Equitable Group Inc Earnings Call

  • Simply Wall St.

    How Should Investors React To Equitable Group Inc’s (TSE:EQB) CEO Pay?

    Andrew R. Moor became the CEO of Equitable Group Inc (TSE:EQB) in 2007. First, this article will compare CEO compensation with compensation at similar sized companies. Then we'll look at Read More...

  • Simply Wall St.

    Is Equitable Group Inc (TSE:EQB) A Smart Choice For Dividend Investors?

    Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Historically, Equitable Group Inc (TSE:EQB) has Read More...

  • Simply Wall St.

    What Does Equitable Group Inc’s (TSE:EQB) PE Ratio Tell You?

    This article is intended for those of you who are at the beginning of your investing journey and want to begin learning about how to value company based on its Read More...

  • Income Investors Should Know The Equitable Group Inc (TSE:EQB) Ex-Dividend Date
    Simply Wall St.

    Income Investors Should Know The Equitable Group Inc (TSE:EQB) Ex-Dividend Date

    Important news for shareholders and potential investors in Equitable Group Inc (TSE:EQB): The dividend payment of CA$0.27 per share will be distributed to shareholders on 04 October 2018, and theRead More...

  • Thomson Reuters StreetEvents

    Edited Transcript of EQB.TO earnings conference call or presentation 10-Aug-18 2:00pm GMT

    Q2 2018 Equitable Group Inc Earnings Call

  • At CA$63.58, Is Equitable Group Inc (TSE:EQB) A Buy?
    Simply Wall St.

    At CA$63.58, Is Equitable Group Inc (TSE:EQB) A Buy?

    Equitable Group Inc (TSE:EQB), operating in the financial services industry based in Canada, saw a decent share price growth in the teens level on the TSX over the last fewRead More...