If our stock is trading again at what we consider accretive levels for us to buy it back, we'd like to be in a position to do that sooner as opposed to later, below 10 times earnings we feel that it is significantly accretive for us to buy back our shares.

Chief Executive Louis Vachon

Categorized in : Company News

At this stage we do not plan (an equity issue), we think we can do that organically without having to do an equity issue and the equity issue I can assure you would be the very, very last option that we would look at.

Chief Executive Louis Vachon

We still see many short-term and long-term trends which remain very favorable to our wholesale banking segment.

Chief Executive Louis Vachon