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News Breaks | | | | March 28, 2012 | | 04:55 EDT |  | TD, TD, MFC, MFC, ING, ING, RY, RY, BNS, BNS, BMO, BMO, CM, CM | National Bank Financial Markets to host a conference
10th Annual Canadian Financial Services Conference is being held in Montreal on March 28-29. | |
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News For TD;MFC;ING;RY;BNS;BMO;CM From The Last 14 Days Check below for free stories on TD;MFC;ING;RY;BNS;BMO;CM the last two weeks. |
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| May 23, 2013 | | 15:31 EDT |  | TD | Toronto-Dominion CEO says looking at permanent cost reductions
 Subscribe for More Information | | | 15:23 EDT | | TD | Toronto-Dominion says on course for 2H earnings to match 1H
Says delivered $779M in earnings in U.S. dollars in the first half of year and "on course to match that level of earnings" in the second half. Says total Bank earnings grew 7% for the first half of the year, EPS grew 6% and company "working hard to get into the bottom of our 7 to 10% medium term target for adjusted EPS growth." Says operating environment in the U.S. "remains challenging," with low interest rates likely to keep margins under pressure for rest of this year and beyond. Says faces headwinds from slower loan growth in Canada and low interest rates globally. Comments from Q2 earnings conference call. | | | 08:27 EDT |  | TD | Toronto-Dominion reports Q2 adjusted EPS C$1.90, consensus C$1.90
Subscribe for More Information | | | 06:29 EDT | | TD | TD intends to repurchase up to 12M common shares for cancellation
TD Bank Group announced that, subject to the approval of the Office of the Superintendent of Financial Institutions Canada, or OSFI, and the Toronto Stock Exchange, it intends to launch a normal course issuer bid through the facilities of the TSX as well as through other designated exchanges and published markets in Canada to repurchase up to 12M of its common shares, representing approximately 1.3% of the common shares currently issued and outstanding. On May 21, there were 923,873,168 common shares issued and outstanding. TD will file a notice of intention with the TSX in this regard. As at April 30, the Bank's Common Equity Tier 1, Tier 1 and Total Capital ratios were 8.76%, 10.79% and 13.99% respectively. TD made the decision to launch the bid in light of its demonstrated ability to generate capital and has now allocated roughly $1B in capital for share repurchases under the bid. | | | May 21, 2013 | | 09:33 EDT | | MFC, BNS | Bloomberg LINK to host a summit
Subscribe for More Information | | | May 19, 2013 | | 18:32 EDT |  | ING | ING U.S. could rise over 30% in a takeover, Barron's reports.
Subscribe for More Information | | | May 16, 2013 | | 17:42 EDT | | ING | ING Group agrees to sell part of its direct stake in SulAmerica to IFC
ING announced that it has agreed to sell part of its direct stake in SulAmerica to International Finance Corporation, IFC. ING has agreed to sell approximately 26.5M units of SulAmerica, representing approximately 7.9% of SulAmerica's outstanding shares, for a total consideration of 400M Brazilian Reais, roughly USD 200M or EUR 155M at current exchange rates. These shares have been released from the obligations of the shareholders agreement between ING and the Larragoiti Family as announced on 28 February 2013. Upon the closing of both the sale to IFC and the transaction with the Larragoiti Family, in which ING agreed to reduce its 36.5% stake to just under 30%, ING's equity interest in SulAmerica will be reduced to approximately 21.5%. The market value of the remaining stake is approximately EUR 410M based on the closing share price of 15 May 2013, R$14.95, and current exchange rates. The transaction with IFC is expected to close within 30 days, while the transaction with the Larragoiti Family is expected to close in the third quarter of 2013 as it is subject to regulatory approvals. | | | 12:32 EDT |  | RY, ING | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | 08:33 EDT | | ING | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | May 14, 2013 | | 06:19 EDT |  | BMO | Bank of Montreal downgraded to Underweight from Equal Weight at Morgan Stanley
Subscribe for More Information | | | | 06:19 EDT |  | RY | Royal Bank of Canada upgraded to Equal Weight from Underweight at Morgan Stanley
| | | May 13, 2013 | | 06:49 EDT | | RY, ING | ECB member says negative deposit rates would help economy, Reuters says
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