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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Equitable Group Inc.    EQB   CA2945051027

EQUITABLE GROUP INC.

(EQB)
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Equitable : EQUI ANNOUNCES DEPARTURE OF CHIEF FINANCIAL OFFICER

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08/11/2020 | 12:26pm EDT

Equi Group Inc. (TSX: EQB and EQB.PR.C) and its whollyowned subsidiary Equi Bank (together, 'Equi') today announced that Chief Financial Officer Tim Wilson will be leaving Equi.

Mr. Wilson has agreed to stay with Equi until August 31, 2020 to assist with an orderly transition. In making the announcement, Andrew Moor, President and Chief Executive Officer of Equi, commented, 'Tim has been an integral part of Equi's senior management team for the past eight years and has led the finance function on many successful initiatives that have contributed to Equi's growth and success. We are grateful for his guidance and leadership and wish him well in the next chapter of his professional career.'

ABOUT EQUI GROUP INC.

Equi Group Inc. is a growing Canadian financial services business that operates through its wholly-owned subsidiary, Equi Bank. Equi Bank, Canada'sChallenger Bank, has grown to become the country's ninth largest independent Schedule I bank through its proven branchless approach and customer service focus in providing residential lending, commercial lending and savings solutions to Canadians. EQ Bank, the digital banking platform offered by Equi Bank, provides state-of-the-art digital banking services. The EQ Bank Savings Plus Account reimagines banking for Canadians by offering the functionality of a chequing account to perform daily banking with ease, as well as a great everyday interest rate to help transactional balances grow into bigger savings. From unlimited Interac e-Transfers and bill payments to payroll deposits and no monthly fees, everyday banking is now a richer prospect for Canadians. Equi Bank is a member of Canada Deposit Insurance Corporation (CDIC) and employs over 900 dedicated professionals across the country.

Contact:

Tel: 416-515-7000

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials
Sales 2020 492 M 370 M 370 M
Net income 2020 175 M 131 M 131 M
Net Debt 2020 - - -
P/E ratio 2020 8,04x
Yield 2020 1,76%
Capitalization 1 412 M 1 074 M 1 061 M
Capi. / Sales 2020 2,87x
Capi. / Sales 2021 2,68x
Nbr of Employees 880
Free-Float 58,1%
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Technical analysis trends EQUITABLE GROUP INC.
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 94,54 CAD
Last Close Price 84,03 CAD
Spread / Highest target 23,8%
Spread / Average Target 12,5%
Spread / Lowest Target -0,04%
EPS Revisions
Managers
NameTitle
Andrew R. G. Moor President, CEO & Non-Independent Director
David M. B. LeGresley Chairman
David Yu Vice President-Information Technology
Daniel Dickinson Chief Information Officer & Senior Vice President
Eric Marshall Beutel Independent Director
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