MCAN Mortgage Corporation

MKP

CA5791761086

Consumer Lending

Market Closed - Toronto S.E. Other stock markets 03:59:54 2024-04-26 pm EDT			5-day change	1st Jan Change
15.86 ^CAD	-0.25%		+1.86%	-0.19%

Apr. 24	MCAN Says CFO Cipollone to Step Down; Search for Replacement Has Begun	MT
Apr. 24	MCAN Brief: In the interim, Peter Ryan Appointed as Interim Chief Financial Officer	MT

MCAN Mortgage Corporation Reports Earnings Results for the Full Year Ended December 31, 2023

February 26, 2024 at 09:00 pm EST

MCAN Mortgage Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net income was CAD 77.5 million compared to CAD 55.35 million a year ago. Basic earnings per share from continuing operations was CAD 2.22 compared to CAD 1.77 a year ago.

Latest news about MCAN Mortgage Corporation

MCAN Says CFO Cipollone to Step Down; Search for Replacement Has Begun	Apr. 24	MT
MCAN Brief: In the interim, Peter Ryan Appointed as Interim Chief Financial Officer	Apr. 24	MT
MCAN Brief: Co Says It has an Executive Search Process Underway to Assess Potential Internal and External Candidates and Expects to Fill the Permanent Position in Coming Months	Apr. 24	MT
MCAN Brief: Says Floriana Cipollone, Senior VP and Chief Financial Officer, Leaving the Company Effective Immediately to pursue other opportunities	Apr. 24	MT
MCAN Mortgage Corporation Announces Floriana Cipollone Leaves the Company as Senior Vice President	Apr. 24	CI
MCAN Mortgage Corporation Announces CFO Changes	Apr. 24	CI
MCAN Closed Overnight Marketed Offering	Mar. 28	MT
MCAN Brief: Announcing Closing of Overnight Marketed Offering	Mar. 28	MT
MCAN Financial Group Prices Overnight Marketed Offering	Mar. 19	MT
MCAN Mortgage Seeking C$20 Million in an Overnight Marketed Share Offering	Mar. 18	MT
MCAN Brief: Announcing Overnight Marketed Offering	Mar. 18	MT
MCAN Mortgage Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 27	CI
MCAN Mortgage's Q4 Profit Drops; Dividend Declared	Feb. 27	MT
MCAN Mortgage Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
Mcan Mortgage Corporation Declares First Quarter Regular Cash Dividend, Payable on March 28, 2024	Feb. 26	CI
BMO on MCAN's Q3 Results	Nov. 08	MT
MCAN Financial Reports Q3 Results	Nov. 07	MT
MCAN Mortgage Corporation Announces Regular Cash Dividend for the Fourth Quarter of 2023, Payable on January 2, 2024	Nov. 06	CI
MCAN Mortgage Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 05	CI
MCAN Mortgage Corporation(TSX:MKP) dropped from S&P Global BMI Index	23-09-18	CI
MCAN Renewing At-The-Market Program	23-08-21	MT
MCAN Brief: Renewing At-The-Market Program	23-08-21	MT
MCAN Mortgage Brief: Announcing Base Shelf Prospectus Renewal	23-08-14	MT
MCAN Mortgage Corporation Announces Regular Cash Dividend, Payable on September 29, 2023	23-08-08	CI
MCAN Mortgage Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-07	CI

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Company Profile

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.

Sector

Consumer Lending

Calendar

2024-05-06 - Q1 2024 Earnings Release (Projected)

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Ratings for MCAN Mortgage Corporation

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

15.86 CAD

Average target price

18 CAD

Spread / Average Target

+13.49%

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