{"id":314162,"date":"2006-07-17T10:50:00","date_gmt":"2006-07-17T15:50:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/pacific-western-credit-doubles-year-end-earnings-targets\/"},"modified":"2006-07-17T10:50:00","modified_gmt":"2006-07-17T15:50:00","slug":"pacific-western-credit-doubles-year-end-earnings-targets","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/pacific-western-credit-doubles-year-end-earnings-targets\/","title":{"rendered":"Pacific & Western Credit doubles year end earnings targets"},"content":{"rendered":"

Pacific & Western Credit Corp. today announced a substantial increase to its 2006 year end earnings target.

The financial services holding company is now forecasting that earnings per share at year end will be $1.32, up from the original target of 55\u00a2.

The increases takes into consideration \u201cthe very positive effect of the dilution gain recently realized by Pacific & Western Bank of Canada, PWC\u2019s wholly owned subsidiary, on its investment in Discovery Air Inc.,\u201d said David Taylor, president & CEO.

He also noted that the Discovery Air gain, together with an increase in the bank’s asset to capital multiple, have boosted sustainable long-term earnings to a much higher level.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gain in investment on Discovery Air<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2318],"tags":[],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/314162"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=314162"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/314162\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=314162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=314162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=314162"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=314162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}