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Stock Market & Financial Investment News

News Breaks
January 14, 2014
07:44 EDTBMO, CM, BNS, RY, TDRBC Capital to hold a conference
Canadian Bank CEO Conference is being held in Toronto on January 14.
News For TD;BNS;BMO;RY;CM From The Last 14 Days
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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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