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Stock Market & Financial Investment News

News Breaks
March 26, 2013
04:55 EDTSLF, SLF, MFC, MFC, RY, RY, BMO, BMO, CM, CM, TD, TD, BNS, BNSNational Bank Financial to host a conference
11th Annual Canadian Financial Services Conference is being held in Montreal on March 26-27.
News For SLF;MFC;RY;BMO;CM;TD;BNS From The Last 14 Days
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March 6, 2015
10:02 EDTMFCManulife Financial joins consortium to acquire Montreal Gateway terminals
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March 5, 2015
08:07 EDTSLFSun Life Financial 'on track' to exceed 2015 earnings objective of $1.85B
Targets annual underlying EPS growth of 8%-10%. Targets underlying ROE in range of 12%-14%. Targets common share dividend ratio of 40%-50% of underlying net income.
March 4, 2015
07:20 EDTSLFBCE, Sun Life Financial announce longevity insurance agreement
Sun Life Financial (SLF) and BCE (BCE) announced a new agreement that further advances BCE's pension de-risking strategy by transferring longevity risk for C$5B of pension plan liability to Sun Life Assurance Company of Canada. Under this agreement, the Bell Canada Pension Plan will pay monthly premiums to Sun Life and in exchange Sun Life will make monthly pension payments into the plan for the lifetime of existing pensioners. BCE maintains full responsibility for the Bell pension plan and related payments to pensioners. Sun Life will reinsure a portion of the longevity risk to RGA (RGA) Canada and SCOR Global Life.
March 3, 2015
11:12 EDTSLFSun Life Financial to host investor day
Investor Day to be held on March 5 at 8:30 am. Webcast Link
06:11 EDTBNSScotiabank reports Q1 adjusted EPS C$1.35 vs. C$1.32 last year
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March 2, 2015
15:23 EDTBNSNotable companies reporting before tomorrow's open
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February 26, 2015
14:29 EDTCMCIBC files to sell 10M preferred shares
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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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13:40 EDTRYRoyal Bank of Canada Bahamas unit subect to fraud investigation
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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
06:15 EDTRYRoyal Bank of Canada reports Q1 EPS $1.65, consensus $1.58
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February 24, 2015
07:31 EDTBMOBank of Montreal reports Q1 adjusted EPS C$1.53, consensus C$1.62
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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 EDTRY, CMOn The Fly: Analyst Downgrade Summary
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05:58 EDTRYRoyal Bank of Canada downgraded to Underperform at Keefe Bruyette
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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.

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