The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Philip Morris misses Street 2Q forecasts
– canadianbusiness.com
NEW YORK, N.Y. – Philip Morris International Inc. (PM) on Tuesday reported second-quarter net income of $1.79 billion.
The New York-based company said it had net income of $1.15 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The seller of Marlboro and other cigarette brands posted revenue of $6.65 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $6.8 billion.
Philip Morris expects full-year earnings to be $4.45 to $4.55 per share.
Philip Morris shares have climbed 17 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 6 per cent. The stock has risen 21 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PM at http://www…
The New York-based company said it had net income of $1.15 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The seller of Marlboro and other cigarette brands posted revenue of $6.65 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $6.8 billion.
Philip Morris expects full-year earnings to be $4.45 to $4.55 per share.
Philip Morris shares have climbed 17 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 6 per cent. The stock has risen 21 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PM at http://www…
Johnson & Johnson tops Street 2Q forecasts
– canadianbusiness.com
NEW BRUNSWICK, N.J. – Johnson & Johnson (JNJ) on Tuesday reported second-quarter net income of $4 billion.
The New Brunswick, New Jersey-based company said it had profit of $1.43 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.74 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The world’s biggest maker of health care products posted revenue of $18.48 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $17.89 billion.
Johnson & Johnson expects full-year earnings in the range of $6.63 to $6.73 per share, with revenue in the range of $71.5 billion to $72.2 billion.
Johnson & Johnson shares have increased 20 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased 6 per cent. The stock has risen 22 per cent in the last 12 months…
The New Brunswick, New Jersey-based company said it had profit of $1.43 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.74 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The world’s biggest maker of health care products posted revenue of $18.48 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $17.89 billion.
Johnson & Johnson expects full-year earnings in the range of $6.63 to $6.73 per share, with revenue in the range of $71.5 billion to $72.2 billion.
Johnson & Johnson shares have increased 20 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased 6 per cent. The stock has risen 22 per cent in the last 12 months…
Goldman tops Street 2Q forecasts
– canadianbusiness.com
NEW YORK, N.Y. – NEW YORK (AP) _ Goldman Sachs Group Inc. (GS) on Tuesday reported second-quarter profit of $1.82 billion.
The New York-based company said it had earnings of $3.72 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.01 per share.
The investment bank posted revenue of $7.93 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $7.58 billion.
Goldman shares have fallen slightly more than 9 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased 6 per cent. The stock has dropped 23 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GS at http://www.zacks.com/ap/GS
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Keywords: Goldman Sachs, Earnings Report, Priority Earnings
The post Goldman tops Street 2Q forecasts appeared first on Canadian Business – Your Source For Business News.
The New York-based company said it had earnings of $3.72 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.01 per share.
The investment bank posted revenue of $7.93 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $7.58 billion.
Goldman shares have fallen slightly more than 9 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased 6 per cent. The stock has dropped 23 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GS at http://www.zacks.com/ap/GS
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Keywords: Goldman Sachs, Earnings Report, Priority Earnings
The post Goldman tops Street 2Q forecasts appeared first on Canadian Business – Your Source For Business News.
UnitedHealth’s profit surges, yet Affordable Care Act drags
– canadianbusiness.com
UnitedHealth’s second-quarter earnings jumped 11 per cent to trump expectations even though the nation’s largest health insurer took a bigger hit than expected from coverage linked to the Affordable Care Act.
The Minnetonka, Minnesota, company said Tuesday that losses from its ACA-compliant individual business came in $200 million above projections, which means the company now expects to lose around $850 million this year from what is essentially a small slice of its total operation.
That hit contributed to a drop in operating earnings for the insurer’s largest business segment, UnitedHealthcare, which sells individual and employer-sponsored benefits.
UnitedHealth and several other insurers have said the exchanges, which opened for enrolment in the fall of 2013, delivered a customer base that generated more claims than expected initially. Companies also have been hurt by a shortfall from temporary government support programs and by high-cost patients who signed up for coverage outside regular enrolment windows…
The Minnetonka, Minnesota, company said Tuesday that losses from its ACA-compliant individual business came in $200 million above projections, which means the company now expects to lose around $850 million this year from what is essentially a small slice of its total operation.
That hit contributed to a drop in operating earnings for the insurer’s largest business segment, UnitedHealthcare, which sells individual and employer-sponsored benefits.
UnitedHealth and several other insurers have said the exchanges, which opened for enrolment in the fall of 2013, delivered a customer base that generated more claims than expected initially. Companies also have been hurt by a shortfall from temporary government support programs and by high-cost patients who signed up for coverage outside regular enrolment windows…
