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Stock Market & Financial Investment News

News Breaks
January 3, 2014
10:00 EDTFII, SBGI, FXEN, CM, TD, NXST, DL, BNS, EGP, SLF, MFC, CNO, BMOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Bank of Montreal (BMO) initiated with an Outperform at RBC Capital... Bank of Nova Scotia (BNS) initiated with an Outperform at RBC Capital... CIBC (CM) initiated with a Sector Perform at RBC Capital... CNO Financial (CNO) initiated with a Buy at Citigroup... China Distance Education (DL) assumed with an Overweight at Piper Jaffray... FX Energy (FXEN) initiated with a Buy at Roth Capital... LIN Media (LIN) initiated with an Outperform at Wedbush... Manulife Financial (MFC) initiated with an Outperform at RBC Capital... Nexstar (NXST) initiated with a Neutral at Wedbush... Sinclair Broadcast (SBGI) initiated with an Outperform at Wedbush... Sun Life Financial (SLF) initiated with a Sector Perform at RBC Capital... Toronto-Dominion (TD) initiated with an Outperform at RBC Capita... Federated Investors (FII) initiated with a Buy at Argus... EastGroup Properties (EGP) initiated with a Neutral at ISI Group.
News For BMO;BNS;CM;CNO;DL;FXEN;MFC;NXST;SBGI;SLF;TD;FII;EGP From The Last 14 Days
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March 2, 2015
15:23 EDTBNSNotable companies reporting before tomorrow's open
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07:32 EDTEGPCitigroup to hold a conference
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February 26, 2015
14:29 EDTCMCIBC files to sell 10M preferred shares
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07:14 EDTNXSTNexstar sees pro-forma free cash flow $450M during 2015/2016 cycle
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07:13 EDTNXSTNexstar reports Q4 EPS 96c, consensus 82c
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05:59 EDTCMCIBC raises quarterly dividend by C$0.03c to C$1.06 per share
05:59 EDTCMCIBC reports Q1 adjusted EPS $2.36, consensus $2.30
CIBC's Basel III Common Equity Tier 1 ratio at January 31, 2015 was 10.3%, and our Tier 1 and Total capital ratios were 12.1% and 15.0%, respectively, on an all-in basis compared with Basel III Common Equity Tier 1 ratio of 10.3%, Tier 1 capital ratio of 12.2% and Total capital ratio of 15.5% in the prior quarter. At the end of this quarter, CIBC's Basel III Leverage ratio was 3.8%, on an all-in basis..
February 25, 2015
15:05 EDTTDNotable companies reporting before tomorrow's open
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06:48 EDTCMCIBC under heightened regulatory scrutiny, WSJ says
The Office of the Superintendent of Financial Institutions, Canada's lead bank regulator, has stated it will not approve certain acquisitions by Canadian Imperial Bank of Commerce until the company can prove its computer models accurately calculate risk, reports the Wall Street Journal, citing people familiar with the matter. CEO Victor Dodig has repeatedly emphasized his desire for U.S. private banking and wealth management acquisitions of up to $2B, but the company will be subjected to heightened oversight on any major deals until its risk models satisfy regulators. A bank spokesperson reassured the Journal that "CIBC is not under any restrictions as it relates to growth." Reference Link
February 24, 2015
07:31 EDTBMOBank of Montreal reports Q1 adjusted EPS C$1.53, consensus C$1.62
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07:12 EDTEGPWells Fargo to hold a conference
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06:15 EDTBNSBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
February 22, 2015
18:01 EDTBNSBank of Nova Scotia looks cheap, Barron's says
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February 20, 2015
10:01 EDTCMOn The Fly: Analyst Downgrade Summary
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05:57 EDTCMCIBC downgraded to Underperform from Market Perform at Keefe Bruyette
Keefe Bruyette downgraded CIBC to Underperform with a C$92 price target citing the challenging environment for Canadian banks.
February 19, 2015
16:20 EDTFIIFederated Investors announces new 4M share repurchase program
Federated Investors announced that the company's board has authorized a new share repurchase program. The new program allows Federated to repurchase up to 4M additional shares of class B common stock in the open market with no stated expiration date. The repurchased stock is to be held in treasury for employee share-based compensation plans, potential acquisitions and other corporate activities. The company's existing share repurchase program, which also has no stated expiration date, remains in effect with approximately 300,000 shares available as of Feb. 5.
08:45 EDTFIIFederated Investors implements first adjustments to money market fund lineup
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February 18, 2015
07:45 EDTSBGISinclair Broadcast sees FY15 barter and trade revenue $129.0M
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07:44 EDTSBGISinclair Broadcast sees Q1 net broadcast revenues up 22.2%-23.3%
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07:40 EDTSBGISinclair Broadcast reports Q4 adjusted EPS 84cc, consensus 76c
Reports Q4 revenue $613.8M, consensus $599.47M.
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