VersaBank is engaged in the business of providing commercial lending services to selected niche markets. Co., along with its parent, receives deposits through a diversified network of deposit brokers and is a member institution of the Canada Deposit Insurance Corporation ("CDIC"). Co. invests these funds in loans, leases, commercial mortgages, residential development mortgages, debt of corporations, and government guaranteed securities. Co. has two primary business activities, deposit services and lending services. The VBNK YTD return is shown above.
The YTD Return on the VBNK YTD return page and across the coverage universe of our site,
is a measure of the total return for a given investment year-to-date for the current calendar year
(up to the end of prior trading session). Arguably, choosing the current calendar year for a measurement
period is on the one hand completely arbitrary, but on the other hand a year-to-date look can be extremely
useful in the context of our country's tax system which taxes gains and income on a calendar year basis.
Thus, researching Year-To-Date Returns is good practice for investors — whether VBNK YTD return or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's YTD return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the VBNK YTD return calculation (with any dividends reinvested as applicable), and to provide a
coverage universe of many stocks and ETFs to be able to compare YTD returns.
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