EQB

EQB reported diluted earnings per share of CAD 2.12 for Q3 2026, missing the consensus estimate of CAD 2.24, while revenue of CAD 393 million exceeded expectations. The acquisition of PC Financial increased scale, fee income and diversification but resulted in integration costs and acquisition-related items. Management prudently built provisions for credit losses and reiterated its target of a cost‑to‑income ratio in the low 50% range for 2026. Investors focused on the earnings miss and higher credit costs, sending the stock down about 9.9% in after-hours trading. » Altro su de.investing.com

EQB has completed the acquisition of President’s Choice Bank and related entities from Loblaw at 1.15 times book value. The consideration comprised 7.2 million issued EQB common shares and $234.5 million in cash; PC Bank will become a wholly owned subsidiary of EQB. The transaction makes EQB the exclusive financial partner of the PC Optimum program, which has over 18 million active members, and Loblaw now holds about 19.89% of EQB’s shares with the option to increase its stake to up to 25%. EQB expects a one-month earnings contribution from PC Financial in Q3, and the stock rose close to its 52-week high. » Altro su de.investing.com

EQB Inc. reported Q2 2026 EPS of 2.03 CAD (expectation 2.11 CAD) and revenue of 302.36 million CAD (expectation 304.42 million CAD). Despite missing forecasts, the stock rose 4.56% to 119.29 CAD, driven by investor optimism about the strategic restructuring and cost reductions. The planned acquisition of PC Financial, expected to close in July 2026, and investments in digital capabilities underpin the positive sentiment. Risks remain from a weak residential and commercial real estate market, integration risks, and macroeconomic uncertainties. » Altro su de.investing.com