Canadian Western Bank Stock Forum

Since the Bank of Canada's initial interest rate cut on June 5, 2024, Canada's mainstock index, $S&P/TSX Composite Index (.SPTSX.CA)$, has increased by more than 15%. As of Wednesday, the index climbed 0.12%, closing at 25,311.50.
Read More: BoC Interest Rate Decision Preview: CPI Report Paves Way for BoC Rate Cuts, Tariffs Add Uncertainty
Leading this impressive rally is the Information Technology Sector, which has skyrocketed by 50.88% since...

Canadian stocks dip, tracking declines in the U.S. as gains in metals and oil and gas sectors weren't enough to offset declines in tech, finance, and retail sectors.
The $S&P/TSX Composite Index (.SPTSX.CA)$ closed 0.3% lower at 24,929.89, reversing earlier gains. The blue chip $S&P/TSX 60 Index (.TX60.CA)$ also slipped 0.3% to 1,494.34.
$Shopify Inc (SHOP.CA)$ slumped 6.3% amid a wider tech sell-off that hit the main exch...

Canadian Western Bank stock is, at best, a “hold” as both stocks of CWB and NA appear to be fairly valued. $Canadian Western Bank (CWB.CA)$ $National Bank of Canada (NA.CA)$

National Bank has agreed to purchase $Canadian Western Bank (CWB.CA)$ for $5 billion, a move that sees the bank paying a 118% premium over CWB's June 11 close price of C$24.89. This acquisition follows the $Royal Bank of Canada (RY.CA)$'s significant purchase of HSBC Canada, valued at $13.5 billion, signaling a consolidation trend in the Canadian banking industry.
Since the announcement, Canadian Western Ba...

CWB Acquisition, Sell or Hold? $Canadian Western Bank (CWB.CA)$

National $NA just paid a higher book multiple for $CWB than Scotia $BNS and CIBC $CM trade for.
I like the deal, but this seems like too much.
$Bank of Nova Scotia (BNS.CA)$ $Canadian Imperial Bank of Commerce (CM.CA)$ $Canadian Western Bank (CWB.CA)$ $National Bank of Canada (NA.CA)$

Tonight, National Bank just bought out Canadian Western Bank for a 110% premium.
In Canadian standards, it's a big deal.
So I went to the option chains on Canadian Western Bank $Canadian Western Bank (CWB.CA)$ usually there's often unusual option activity prior to deal announcements especially with this type of premium.
Well guess what , not a once of anything unusual
The largest open interest outstanding for any contract was a measly 435 contracts lol

$National Bank of Canada (NA.CA)$ agreed to acquire $Canadian Western Bank (CWB.CA)$ for C$5 billion in an all-stock deal, the companies said in a press release.
Holders of Canadian Western Bank will get 0.45 share of National Bank for every CWB share held.  That exchange ratio values CWB share at C$52.24, according to the 20-day volume weighted average trading price of National Bank, the release showed.
All of CWB...