June 1, 2017 / 11:25 AM / a year ago

Canadian Western Bank quarterly earnings beat market expectations

TORONTO (Reuters) - Canadian Western Bank on Thursday reported second-quarter earnings which were ahead of market expectations and up 44 percent on the previous year, during which it had been impacted by the weak oil price.

A customer walks out of a Canadian Western Bank branch in Calgary, Alberta June 9, 2009. REUTERS/Todd Korol

The bank reported earnings per share, excluding one-off items, of C$0.59 compared with C$0.41 a year ago. Analysts had on average expected earnings of C$0.57, according to Thomson Reuters I/B/E/S data.

Reporting by Matt Scuffham; Editing by Chizu Nomiyama

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