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News Breaks | | | | November 15, 2012 | | 10:37 EDT |  | TGT, TD | Target says plans to close transaction with TD Bank in 1H13
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News For TGT;TD From The Last 14 Days Check below for free stories on TGT;TD 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. | | | 14:45 EDT |  | TGT | Retailers file new suit against card companies over swipe fees, Bloomberg says
Subscribe for More Information | | | 11:59 EDT | | TGT | Retailers file suit against Visa, MasterCard over credit cards, Bloomberg says
Subscribe for More Information | | | 08:27 EDT |  | TD | Toronto-Dominion reports Q2 adjusted EPS C$1.90, consensus C$1.90
Subscribe for More Information | | | 08:06 EDT |  | TGT | Target positive catalysts still intact, says Wells Fargo
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 22, 2013 | | 16:25 EDT |  | TGT | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 12:20 EDT | | TGT | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:13 EDT | | TGT | Target continues to see EPS of $8 or more by 2017
Subscribe for More Information | | | | 11:10 EDT | | TGT | Target lowers FY13 SSS view to 2%-2.5% from prior view 2.7%
Subscribe for More Information | | | 11:08 EDT | | TGT | Target sees Q2 SSS 2%-3%
| | | 09:53 EDT |  | TGT | Target slides following earnings, levels to watch
Subscribe for More Information | | | 08:59 EDT | | TGT | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:38 EDT | | TGT | Target says 'disappointed' in Q1 performance
Subscribe for More Information | | | 07:35 EDT | | TGT | Target lowers FY13 adjusted EPS view to $4.70-$4.90 from $4.85-$5.05
Subscribe for More Information | | | 07:33 EDT | | TGT | Target sees Q2 adjusted EPS $1.09-$1.19, consensus $1.06
Subscribe for More Information | | | 07:32 EDT | | TGT | Target reports Q1 adjusted EPS with items 77c, consensus 87c
Subscribe for More Information | | | May 21, 2013 | | 15:47 EDT |  | TGT | Target May 72 weekly straddle priced for 2.9% move into Q1
Subscribe for More Information | | | 15:18 EDT | | TGT | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lowe's (LOW), consensus 51c; Target (TGT), consensus 87c; Staples (SPLS), consensus 27c; Toll Brothers (TOL), consensus 7c; Eaton Vance (EV), consensus 52c; American Eagle Outfitters (AEO), consensus 17c; Booz Allen (BAH), consensus 37c; | | |
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