CWB reports strong start to 2012

Canadian Western Bank (CWB) has reported its quarterly and annual financial results, in accordance with International Financial Reporting Standards (IFRS). The Canadian Institute of Chartered Accountants has transitioned Canadian generally accepted accounting principles (GAAP) to IFRS (for publicly accountable entities), meaning that CWB’s consolidated financial statements for the 2012 fiscal year will be made in [...]

Canadian Western Bank (CWB) has reported its financial results for the third quarter of its fiscal year, including record net income of $48m, a 24% rise compared to the corresponding period last year. Profits also increased quarter-on-quarter (by 21% from $39.7m), which has largely been attributed to a 7% rise in net interest income. The [...]

After a bounce on the relief from the fiscal cliff deal that took place on New Year’s Day, the stock market has been in a sideways holding pattern. Investors are waiting to see if there was some collateral damage from the battle over the fiscal cliff. This week, we will begin to see if any damage was done to corporate profits in the fourth quarter of 2012.

Canadian Western Bank (CWB) has reported its financial results for the second quarter of its fiscal year. Net income for the quarter was $39.7m, a 7% year-on-year rise, but slightly down on the $41.5m of the preceding quarter. It also marks the 96th consecutive quarter of profitability for the firm, and means that the firm [...]

By Oil & Gas 360:During the last six years, Energy XXI (EXXI) has completed five major acquisitions, making EXXI the third largest producer on the Gulf of Mexico shelf. The company's historic core strategy is to acquire and exploit producing oil properties; however, more recently, EXXI has been unlocking additional production value and reserve growth through its organic drilling programs.

Canadian Western Bank (CWB) has reported the fourth quarter and annual profits for its financial year. Quarterly net income was recorded at $43m, a 20% ($7.1m) increase on the corresponding period last year, but slightly down on the record $48m of Q3. The results also marked the firm’s 98th consecutive quarter of profitability. Total revenues [...]

Dubai Islamic Bank (DIB) has reported its financial results for the third quarter of 2011, including quarterly net profits of AED298m, a 10.5% rise on the corresponding period last year. It is, however, a decline from the AED331m net profit the firm made in the second quarter of 2011. Total quarterly income rose from AED1.1bn [...]

Rex American Resources (REX) recently reported strong third quarter results that I think suggest earnings acceleration into the fourth quarter and the new year. EPS were $0.44 versus consensus forecast (two analysts) at $0.29.