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CWB Financial Group reports profit and revenue up from year ago

December 6, 2018 1:21 PM
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EDMONTON— CWB Financial Group reported a profit of $64.5 million in its latest quarter, up from $60.8 million a year ago.

The Edmonton-based bank says the profit amounted to 72 cents per diluted share for the three months ended Oct. 31, up from 68 cents per diluted share a year ago.

On an adjusted cash basis, CWB says it earned 78 cents per share for the quarter, up from 74 cents per share in the same quarter last year.

Analysts on average had expected a profit of 77 cents per share, according to Thomson Reuters Eikon.

Also read: Roots lowers long-term earnings estimates following weak sales in Q3

Source: thestar.com

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