Stocks in play: CWB Financial Group

Announced financial performance for the three months ended April 30, 2023. Quarterly common shareholders' net income of $70 million was down 26% and adjusted earnings per share (EPS) of $0.74 was down 27% from last quarter, primarily reflecting a 21-basis-point increase in the provision for credit losses as a percentage of average loans, the impact of three fewer interest-earning days and a six-basis-point decrease in net interest margin. CWB Financial Group shares T.CWB are trading down $1.01 at $23.41.

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