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Stock Market & Financial Investment News

News Breaks
January 3, 2014
10:00 EDTMFC, CNO, BMO, FII, SBGI, FXEN, CM, TD, NXST, DL, BNS, EGP, SLFOn 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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July 27, 2015
08:49 EDTFIIFederated Investors appoints Stephen Van Meter as Chief Compliance Officer
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July 23, 2015
16:15 EDTFIIFederated Investors reports Q2 EPS 40c, consensus 38c
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July 21, 2015
07:16 EDTMFCCanadian Solar announces construction, financing loan from Manulife
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July 20, 2015
10:00 EDTEGPOn The Fly: Analyst Upgrade Summary
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09:06 EDTBMOPiper Jaffray to acquire BMO municipal bond sales unit
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07:09 EDTEGPEastGroup Properties upgraded on fundamentals, valuation at Stifel
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06:58 EDTEGPEastGroup Properties upgraded to Hold from Sell at Stifel
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06:03 EDTBMOBank of Montreal announces partnership with e8ight
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July 19, 2015
18:35 EDTTDTD Bank to settle 'Ponzi scheme' lawsuit for $20M, Reuters says
Toronto-Dominion's TD Bank has agreed to pay $20M in order to settle claims that it failed to investigate suspicious activity related to a so-called Ponzi scheme allegedly operating through bank accounts at TD, Reuters reported Friday, citing statements from the concerned parties. Reference Link
July 16, 2015
06:35 EDTSLFSun Life signs $2B deal with University of British Columbia pension plan
Sun Life has been selected as the custodian and recordkeeper for the University of British Columbia Faculty Pension Plan. The agreement for the mandate was reached in September 2014 and the transfer was completed on June 25. The deal is the largest of its kind ever completed in Canada. Sun Life will be the custodian and recordkeeper for approximately $2B in assets for 5,800 plan members. Additionally, in assuming the mandate, Sun Life will enter into a co-administration model with the UBC Pension Administration Office.
July 14, 2015
09:56 EDTBNSScotiabank to acquire Citi's Retail, Commercial Banking ops in Panama, Costa Rica
Scotiabank (BNS) announced that an agreement has been reached to acquire Citigroup's (C) retail and commercial banking businesses in Panama and Costa Rica, subject to regulatory approval. Scotiabank's common equity tier one capital ratio will be impacted by approximately 15 basis points. This transaction will aim to provide a significant lift to the Bank's market share in credit cards to approximately 18% in Panama and 15% in Costa Rica, ranking Scotiabank number two in both countries in this segment. This acquisition will nearly triple Scotiabank's customer base in these two countries from approximately 137,000 to 387,000. Citibank's operations in Costa Rica and Panama include 27 branches which serve more than 250,000 retail and commercial banking customers. The agreement also includes the assumption of Citigroup employees from the retail and commercial banking businesses in Panama and Costa Rica by Scotiabank Panama and Costa Rica, respectively. Until the transaction receives the necessary regulatory approvals, all operations, branches, products and benefits programs will continue to operate as usual. Scotiabank and Citibank will work together to ensure a smooth transition for customers and employees.
08:06 EDTTDTD Bank provides $23M in financing to Atlas Paper Holdings
TD Bank announced that their Asset Based Lending Group has provided $23M in financing to Atlas Paper Holdings. The credit facility will also finance the debt recapitalization of the Company.

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