Imperial Bank
Investments
6Portfolio Exits
4Partners & Customers
2Latest Imperial Bank News
May 24, 2022
Canada's top five banks are set to report their Q2 earnings this week. Bank of Nova Scotia (NYSE: BNS ) and Bank of Montreal (NYSE: BMO ) are set to report on May 25th before market open, while Toronto-Dominion Bank (NYSE: TD ), Royal Bank of Canada (NYSE: RY ) and Canadian Imperial Bank of Commerce (NYSE: CM ) will report their numbers on May 26th before market open. Earnings at the top five are expected to drop on average as the banks were likely weighed by increased expenses and loan-loss reserves and lower investment banking revenues, despite strong loan growth and margin expansion as interest rates rose. A surge in inflation and stock market sell-off will also weigh on earnings, Reuters said . The consensus estimates for the banks are given below: While record-low interest rates during the coronavirus pandemic weighed on net interest margins, they boosted demand for mortgages. Strong equity markets and deals activity, meanwhile, powered capital markets and wealth management divisions. Government stimulus programs kept loan losses low. Falling equity markets would have weighed on assets under management and investment banking activity has also slowed down dramatically, Manulife Investment Management portfolio manager Steve Belisle told Reuters. Labor market shortages will also be a challenge according to National Bank Financial analysts, with recent announcements by banks of wage hikes and bonuses. They also noted factors such as slower asset growth potential outweighing a boost from margin expansion. Investors suggested that banks may see lower credit-loss reserve releases or higher provisions in the second quarter in response to higher risks. However, SA contributors have been largely bullish about the top five banks, with one noting that BNS' credit quality is gaining strength with fewer write-offs and lower provision for credit loss. Wolf Report expressed confidence that banks will benefit from a rising interest rate environment. Jonathan Weber suggested TD has the edge over RY due to even more favorable dividend metrics and fundamentals, but both banks look good on paper. Meanwhile, Mark Dockray suggested holding onto CM , with a dividend yield at the top-end of its peer group. To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Imperial Bank Investments
6 Investments
Imperial Bank has made 6 investments. Their latest investment was in Convio as part of their Series E on May 5, 2007.
Imperial Bank Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/14/2007 | Series E | Convio | $10.2M | Yes | ||
4/13/2007 | Series E | |||||
5/21/2001 | Unattributed VC - V | |||||
4/19/2001 | Series C | |||||
9/8/2000 | Series C |
Date | 5/14/2007 | 4/13/2007 | 5/21/2001 | 4/19/2001 | 9/8/2000 |
---|---|---|---|---|---|
Round | Series E | Series E | Unattributed VC - V | Series C | Series C |
Company | Convio | ||||
Amount | $10.2M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources |
Imperial Bank Portfolio Exits
4 Portfolio Exits
Imperial Bank has 4 portfolio exits. Their latest portfolio exit was Get Active Software on January 20, 2012.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
1/20/2012 | Acquired | ||||
Date | 1/20/2012 | |||
---|---|---|---|---|
Exit | Acquired | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources |
Imperial Bank Partners & Customers
2 Partners and customers
Imperial Bank has 2 strategic partners and customers. Imperial Bank recently partnered with Arsenal Football Club on May 5, 2014.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
5/1/2014 | Sponsored | United Kingdom | Global Sports Licensing - Arsenal sign African bank card deals Speaking about the latest deal , Vinai Venkatesham , head of global partnerships at Arsenal said : `` We are delighted to be partnering with Imperial Bank to provide Arsenal branded debit cards to our millions of fans across Kenya and Uganda . | 1 | |
10/12/2011 | Vendor |
Date | 5/1/2014 | 10/12/2011 |
---|---|---|
Type | Sponsored | Vendor |
Business Partner | ||
Country | United Kingdom | |
News Snippet | Global Sports Licensing - Arsenal sign African bank card deals Speaking about the latest deal , Vinai Venkatesham , head of global partnerships at Arsenal said : `` We are delighted to be partnering with Imperial Bank to provide Arsenal branded debit cards to our millions of fans across Kenya and Uganda . | |
Sources | 1 |
Imperial Bank Team
6 Team Members
Imperial Bank has 6 team members, including former Chief Information Officer, Ray Naicker.
Name | Work History | Title | Status |
---|---|---|---|
Ray Naicker | Chief Information Officer | Former | |
Timothy Bubnack | Silicon Valley Bank | Senior Vice President | Former |
Brian Carlson | First Bancorp | Senior Vice President | Former |
Judith E Erwin | Senior Vice President, Managing Director | Former | |
Jim Rutter | KBRO, Square 1 Bank, and Silicon Valley Bank | Senior Vice President | Former |
Name | Ray Naicker | Timothy Bubnack | Brian Carlson | Judith E Erwin | Jim Rutter |
---|---|---|---|---|---|
Work History | Silicon Valley Bank | First Bancorp | KBRO, Square 1 Bank, and Silicon Valley Bank | ||
Title | Chief Information Officer | Senior Vice President | Senior Vice President | Senior Vice President, Managing Director | Senior Vice President |
Status | Former | Former | Former | Former | Former |
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