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BofA Says Scotiabank CEO Offered 'Clarity;' Analyst Turns Bullish
Tuesday, September 24, 2019 - 1:40pm | 353Read More...Bank of America analysts turned bullish on Canadian-based Bank of Nova Scotia (NYSE: BNS) after investor meetings with CEO Brian Porter and SVP Investor Relations Phil Smith. The Analyst Bank of America analyst Ebrahim Poonawala upgraded Bank of Nova Scotia's TSX-listed stock from Neutral to...
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BMO Reviews Scotiabank's Q3
Wednesday, August 28, 2019 - 1:06pm | 277Read More...Canada-based Bank of Nova Scotia (TSE:BNS) reported fiscal third-quarter results, which were lifted by better-than-expected retail performance, according to BMO. The Analyst BMO Capital Markets analyst Sohrab Movahedi maintains an Outperform rating on Bank of Nova Scotia with a price target lowered...
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Are Canadian Banks Set For Frigid Earnings?
Wednesday, February 17, 2016 - 11:05am | 301Read More...In a new report, Barclays analyst John Aiken explained why Canadian bank investors need to start facing the harsh reality that Q1 performance will likely be weak. Barclays has reduced its earnings estimates and price targets for most banks and believes that Q1 numbers will fall well short of...
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Keefe, Bruyette & Woods Turns Sour On Canadian Banks, Downgrades Sector To Underweight
Friday, February 20, 2015 - 1:16pm | 324Read More...In a report published Thursday, Keefe, Bruyette & Woods analyst Brian Klock moved his long-term recommendation for the Canadian banking sector to Underweight from Market Weight. "We believe the outlook for muted Canadian economic growth in the first half of 2015 (which is through fiscal 3Q15...
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City National Agrees To Sell Itself To RBC For $5.4 Billion
Thursday, January 22, 2015 - 9:01am | 194Read More...City National Corp (NYSE: CYN) on Thursday said that it has agreed to sell itself to Royal Bank of Canada (NYSE: RY) for $5.4 billion, or $93.80 per share. Shares of City National closed on Wednesday at $74.57 and held a market cap of $4.11 billion. Shareholders of California-based City...
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ETF Outlook For Friday, May 23, 2014 (PJP, EWC, SPY, FEZ, TD)
Friday, May 23, 2014 - 9:05am | 483Read More...ETF Outlook For Friday, May 23, 2014 iShares MSCI Canada ETF (NYSE: EWC) The top three holdings in the ETF are Canadian financials, and the sector accounts for 37 percent of the allocation. Several Canadian banks hit new highs yesterday after earnings results from Toronto Dominion Bank (NYSE:...
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Market Wrap For December 5: Market Participants Anxiously Await Tomorrow's Employment Report
Thursday, December 5, 2013 - 6:00pm | 2246Read More...Stock futures pointed to a lower open following premarket data revealing that the U.S. economy and job market are improving faster and stronger than expected. Selling began at the bell and continued for the entire day as major indices failed to hold on to any rallying gains. Investors and...
