EQB
vs
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S&P TSX Composite Index (Canada)
EQB
Over the past 12 months, EQB has underperformed S&P TSX Composite Index (Canada), delivering a return of -1% compared to the S&P TSX Composite Index (Canada)'s +25% growth.
Stocks Performance
EQB vs S&P TSX Composite Index (Canada)
Performance Gap
EQB vs S&P TSX Composite Index (Canada)
Performance By Year
EQB vs S&P TSX Composite Index (Canada)
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
Equitable Group Inc
Glance View
Equitable Group Inc. has carved a niche for itself in the Canadian financial landscape as a profitable player in the world of residential and commercial real estate lending. As the parent company of Equitable Bank, it's Canada's ninth-largest independent Schedule I bank, a feat that attests to its agile and robust business model. The company primarily capitalizes on its ability to provide a diversified suite of residential mortgages, including alternative financing solutions for clients who may not meet the traditional lending criteria of the country's bigger banks. This focus has allowed Equitable to solidify a significant presence in areas underserviced by traditional financial institutions, helping both individuals and entrepreneurs achieve their real estate aspirations. Equitable Group's revenue streams derive from interest income earned by lending capital to residential homeowners, commercial enterprises, and through its growing digital banking platform. The digital platform, equipped with savings accounts, GICs, and the EQ Bank brand, is pivotal in capturing a segment of tech-savvy, cost-conscious consumers seeking better interest rates and more convenient banking services. This strategic expansion into digital banking represents the company’s foresight in adopting technology to enhance customer experience while maintaining cost efficiencies. By seamlessly integrating innovative services and maintaining disciplined credit risk assessment, Equitable Group Inc. positions itself as a competitive and forward-looking institution within the financial services sector.
