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Stock Market & Financial Investment News

News Breaks
January 28, 2013
13:42 EDTRY, NTIOF, BMO, RBC, CM, TD, BNSMoody's cuts six Canadian banks, including Bank of Montreal, CIBC
Moody's downgraded the long-term ratings of six Canadian banks concluding its review initiated on October 26. 2012. The long-term senior debt ratings of the banks were all downgraded by one notch. The rating agency also removed systemic support from the ratings of all rated Canadian banks' subordinated debt instruments, including those issued by Royal Bank of Canada (RY). RBC's other ratings were affirmed. The downgrades include Bank of Montreal (BMO) to Aa3 stable from Aa2 for long-term deposits, Bank of Nova Scotia (BNS) to Aa2 stable from Aa1 for long-term deposits, Canadian Imperial Bank (CM) to downgraded to Aa3 stable from Aa2 for long-term deposits, National Bank of Canada (NTIOF) to Aa3 stable from Aa2 for long-term deposits, and Toronto-Dominion (TD) to Aa1 stable from Aaa for long-term deposits.
News For BMO;BNS;CM;NTIOF;TD;RBC;RY From The Last 14 Days
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August 31, 2015
16:09 EDTRBCLongbow to hold a conference
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August 28, 2015
10:02 EDTCMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADP (ADP) upgraded to Outperform from Market Perform at William Blair... ASML (ASML) upgraded to Buy from Hold at Berenberg... Abercrombie & Fitch (ANF) upgraded on Hollister fundamentals at RBC Capital... Akamai (AKAM) upgraded to Outperform from Market Perform at JMP Securities... Ares Capital (ARCC) upgraded to Outperform from Market Perform at Raymond James... Banco Santander (SAN) upgraded on valuation at Deutsche Bank... CIBC (CM) upgraded to Neutral from Underperform at Credit Suisse... Canon (CAJ) upgraded to Hold from Sell at Deutsche Bank... Citi (C) upgraded to Buy from Neutral at Guggenheim... Ctrip.com (CTRP) upgraded to Buy from Hold at Stifel... El Pollo Loco (LOCO) upgraded at Stifel... Genomic Health (GHDX) upgraded to Market Perform from Underperform at Raymond James... Golar LNG (GLNG) upgraded on valuation, upcoming project completion at Stifel... Habit Restaurants (HABT) upgraded to Buy from Hold at Stifel... Helmerich & Payne (HP) upgraded to Overweight from Equal Weight at Stephens... Himax (HIMX) upgraded to Outperform from Neutral at Credit Suisse... Huntington Bancshares (HBAN) upgraded to Buy from Neutral at Guggenheim... InterContinental (IHG) upgraded to Outperform from Neutral at Credit Suisse... Knight Transportation (KNX) upgraded to Strong Buy on valuation at Raymond James... LogMeln (LOGM) upgraded to Overweight from Sector Weight at Pacific Crest... Patterson Companies (PDCO) upgraded to Overweight from Neutral at Piper Jaffray... Qunar (QUNR) upgraded on valuation, positive catalysts at Stifel... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ryder (R) upgraded to Strong Buy from Outperform at Raymond James... SVB Financial (SIVB) upgraded to Buy from Neutral at DA Davidson... Seagate (STX) upgraded to Buy from Hold at Cross Research... Sinopec (SNP) upgraded to Neutral from Sell at Citi... Summit Hotel Properties (INN) upgraded to Outperform at Baird... Texas Capital (TCBI) upgraded to Buy from Neutral at DA Davidson... The Medicines Co. (MDCO) upgraded to Buy from Hold at Jefferies... U.S. Bancorp (USB) upgraded to Buy from Neutral at Guggenheim... Weatherford (WFT) upgraded to Overweight from Equal Weight at Stephens.
07:48 EDTCMCIBC upgraded to Neutral from Underperform at Credit Suisse
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06:16 EDTBNSBank of Nova Scotia reports Q3 EPS C$1.45 vs. C$ 1.40 last year
Reports Q3 CET1 ratio 10.4%.
August 27, 2015
09:41 EDTCMCIBC upgraded to Neutral from Underperform at Credit Suisse
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06:34 EDTTDTD Bank reports Q3 adjusted EPS C$1.20, C$1.18
Reports Q3 revenue C$8.01B, consensus C$7.36B. Canadian Retail delivered net income of $1.6 billion, an increase of 11% over the third quarter last year on a reported basis, and 8% over the third quarter last year on an adjusted basis. Earnings were primarily driven by good loan, deposit, and wealth asset volume growth and very strong insurance earnings. U.S. Retail reported net income for the third quarter was US$543 million and adjusted net income was US$524 million. Excluding the Bank's investment in TD Ameritrade, the segment generated adjusted net income of US$450 million, in line with the third quarter last year. The results reflect strong loan and deposit growth, and disciplined expense management, partially offset by lower margins and normalizing credit losses. TD's Common Equity Tier 1 Capital ratio on a Basel III fully phased-in basis was 10.1%, compared with 9.9% last quarter.
August 26, 2015
06:14 EDTRYRoyal Bank of Canada reports Q3 EPS excluding items C$1.66, cash EPS C$1.68
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August 25, 2015
07:36 EDTBMOBank of Montreal reports Q3 Basel III CET1 Ratio 10.4%
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07:32 EDTBMOBank of Montreal reports Q3 adj. EPS C$1.80 vs C$1.86 last year
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August 21, 2015
08:40 EDTBNSCanadian Security Traders Association to hold a conference
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August 20, 2015
15:56 EDTRYWindstream said to hire RBC to explore sale of data storage business
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