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Will Street Capital Make A Comeback?

Author: 
Robert McLister
Publication date:
April 11, 2019
Article Summary: 

The article discusses the current state of Street Capital Bank, which has the lowest stock price of any public bank in Canada. Despite some positive factors such as solid credit quality, 90-day arrears of 11 bps and deposit growth of 118% in 2018, the company is struggling with a $45 million loss in Q4 and a 14% drop in 2018 originations. The company is reportedly looking for a buyer or large investor to help strengthen its capital position to support future growth.

Keywords: 

Street Capital Bank, stock price, investor, viability, liquidity position, deposits, credit quality.



Source Citation: 
Robert McLister
Will Street Capital Make A Comeback?
April 11, 2019
https://www.canadianmortgagetrends.com/2019/04/will-street-capital-make-comeback/
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