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Stock Market & Financial Investment News

News Breaks
January 28, 2013
13:42 EDTBMO, BNS, CM, NTIOF, TD, RBC, RYMoody'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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October 1, 2014
19:30 EDTRYRoyal Bank of Canada prop desk spin-off plan shot down by regulators, WSJ says
Royal Bank of Canada has dropped a plan to spin off a profitable proprietary trading desk business into a hedge fund after U.S. regulators rejected the plan, The Wall Street Journal reports, citing people familiar with the matter. Executives at the bank had approved the plan to invest as much as $1B into a hedge fund managed by some of the company's top New York proprietary traders, one of the people added. The SEC and Federal Reserve denied the plan "late in the game," The Wall Street Journal said, citing a person familiar with the negotiations. Reference Link
September 29, 2014
07:15 EDTTDNational Association of Business Economics to hold annual meeting
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September 24, 2014
07:02 EDTCMCIBC's Atlantic Trust surpasses $25B in assets under management
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September 22, 2014
10:15 EDTRBCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actavis (ACT) downgraded to Equal Weight from Overweight at Barclays... Aetna (AET) downgraded to Neutral from Buy at BofA/Merrill... Auxilium (AUXL) downgraded to Hold from Buy at Stifel... CARBO Ceramics (CRR) downgraded to Neutral from Buy at Sterne Agee... Commerzbank (CRZBY) downgraded to Underperform from Neutral at Exane BNP Paribas... Concur (CNQR) downgraded to Neutral from Buy at Nomura... Dresser-Rand (DRC) downgraded to Neutral from Accumulate at Global Hunter... Finish Line (FINL) downgraded to Equal Weight from Overweight at Morgan Stanley... General Communications (GNCMA) downgraded to Hold from Buy at Drexel Hamilton... InvenSense (INVN) downgraded to Neutral from Outperform at RW Baird... Las Vegas Sands (LVS) downgraded to Market Perform from Outperform at Wells Fargo... Lindsay Corp. (LNN) downgraded at Sterne Agee... Melco Crown (MPEL) downgraded to Market Perform from Outperform at Wells Fargo... Outerwall (OUTR) downgraded to Sell from Neutral at B. Riley... PSEG (PEG) downgraded to Hold from Buy at Jefferies... Realogy (RLGY) downgraded to Underperform from Neutral at Credit Suisse... Regal-Beloit (RBC) downgraded to Accumulate from Buy at Global Hunter... SABMiller (SBMRY) downgraded to Market Perform from Outperform at Bernstein... Saba Software (SABA) downgraded to Neutral from Buy at B. Riley... Suburban Propane (SPH) downgraded to Market Perform from Outperform at Wells Fargo... Swiss Re (SSREY) downgraded to Underperform from Neutral at Exane BNP Paribas... Towers Watson (TW) downgraded to Buy from Conviction Buy at Goldman... Valmont (VMI) downgraded at Sterne Agee... Walgreen (WAG) downgraded to Equal Weight from Overweight at Barclays... Watts Water (WTS) downgraded to Neutral from Buy at Janney Capital... Wynn Resorts (WYNN) downgraded to Market Perform from Outperform at Wells Fargo... Yahoo (YHOO) downgraded to Neutral from Buy at BofA/Merrill.
08:43 EDTRBCRegal-Beloit downgraded to Accumulate from Buy at Global Hunter
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September 17, 2014
07:21 EDTBMO, BNS, CMCIBC to hold a conference
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06:54 EDTTDNY Attorney General announces NYC bank identity-theft ring takedown
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