Strategic Realignment (the “Realignment”) will leverage the Company’s core strengths to return Street Capital to sustainable profitability and steadily grow the Bank’s capital base The Company is committed to improving shareholder returns and will focus on generating targeted efficiencies over the next 12 months to achieve this objective As part of the Realignment, Street Capital… [Read More]
Street Capital Announces 2016 Third Quarter Results
Net gain on sale of mortgages $22.0 million; adjusted shareholders’ diluted EPS of $0.05 TORONTO, Nov. 9, 2016 /CNW/ – Street Capital Group Inc. (“Street” or the “Company“) (TSX: SCB), today announced financial results for the three and nine months ended September 30, 2016. Q3-2016 Financial Highlights All comparisons below are to Q3-2015, unless otherwise noted… [Read More]
Street Capital provides business update in response to new Department of Finance mortgage insurance rules
TORONTO, Oct. 6, 2016 /CNW/ – Street Capital Group Inc. (“Street Capital” or the “Company“) (TSX: SCB), today provided a business update following the announcement of new mortgage insurance rules by the federal government’s Department of Finance. On October 3rd, 2016 the Department of Finance announced changes to the mortgage insurance rules that will affect… [Read More]