TSX:EQBBanks
EQB (TSX:EQB) Stock Faces Credit Jitters After Sharp Quarterly Loss
EQB stock came into this earnings print under pressure, down about 10% over the past month, just as the bank delivered one of its messiest quarters in years. The headline is not revenue or loan growth. It is the sharp swing into a quarterly loss tied to acquisition accounting and a heavy build in credit provisions.
For a lender, that combination is an emotional trigger. Investors see a CA$3.39 loss per share and a jump in non performing loans to over CA$1.0b and react quickly. The question...