|Bid||78.42 x 0|
|Ask||78.63 x 0|
|Day's Range||78.20 - 80.28|
|52 Week Range||56.12 - 80.28|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||8.04|
|Earnings Date||Jul 30, 2019|
|Forward Dividend & Yield||1.24 (1.60%)|
|1y Target Est||87.57|
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.
Andrew R. Moor became the CEO of Equitable Group Inc. (TSE:EQB) in 2007. This analysis aims first to contrast CEO...
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.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
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...
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.
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.
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...
Equitable Group Reports Fourth Quarter and Annual Results, Increases Common Share Dividend By 7%
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NEW YORK, NY / ACCESSWIRE / January 28, 2019 / The Market Wealth Report strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
NEW YORK, NY / ACCESSWIRE / December 19, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...
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...
TORONTO , Dec. 7, 2018 /CNW/ - Equitable Bank, a wholly-owned subsidiary of Equitable Group Inc. (TSX:EQB and EQB.PR.C), announced today the launch of its Cash Surrender Value (CSV) Line of Credit that will give Canadians aged 50 and up another way to fund their retirement. Equitable Bank estimates that the annual origination volume of life insurance secured loans will grow to roughly $1 billion by 2023. Through the Equitable Bank CSV Line of Credit, Canadians can borrow up to 90 per cent of the cash surrender value of their participating whole life insurance policy without making ongoing payments and affecting the growth of their policy.