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Thoughts on Equitable banks drop recently? Is it warranted?

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Asked on March 1, 2024 8:18 am
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Hey there. Quickly looking through earnings, it looks like the company took a bit of a dip because of lower than expected earnings as a result of higher provisions for credit losses and some higher expenses. Along with this, it posted a bit lower sequential customer growth, which may be spooking some people.
We are going to be working on our full report on Equitable Bank and will have it updated at some point this week. When it's updated, I'll pop in here and drop the link so you can view our entire thoughts. With many of the Big 6 reporting this week and Mat being away, I haven't had the time to do a full scale overview of EQB but should be able to early this week.

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Posted by Dan Kent
Answered on March 2, 2024 8:35 am