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Stock analysts numbers dwindle, hit by shifting markets, lower demand Feb 23rd
Shift to fee-based investing, combined with the financial crisis and dot-com bubble, has hit stock-research shops
.... More »
TD e-Series Funds: The Next Generation + MORE Aug 31st
For almost 20 years, the TD e-Series mutual funds have been one of the cheapest and easiest ways to build a Couch Potato portfolio. For most of that time they’ve gone about their business without much fuss, all the while outperforming the vast majority of their peers. But now there are some change.... More »
Refinancing your mortgage? Here’s why a professional home appraisal is step one Mar 27th
Before you refinance your mortgage, it’s important to know your home’s true value. A professional home appraisal gives you an accurate picture of the value of your property, helping you make smarter financial decisions from lowering your monthly payments to accessing equity to evaluating your re.... More »
This detached home in Toronto listed for $699,900 seemed like a steal. Why did no one bite? Jul 22nd
It could be a steal for a new family that doesn’t mind the size, but a real estate expert believes there could be some other underlying issues with the place that you need to watch out for..... More »
Exxon Mobil posts 3Q profit of $4.24 billion, result tops expectations
– canadianbusiness.com
IRVING, Texas – Exxon Mobil Corp. (XOM) on Friday reported third-quarter earnings of $4.24 billion.
The Irving, Texas-based company said it had profit of $1.01 per share.
The results exceeded Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The oil and natural gas company posted revenue of $67.34 billion in the period.
Exxon shares have dropped 11 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 1.5 per cent. The stock has fallen 13 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 XOM at http://www.zacks.com/ap/XOM
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Keywords: Exxon Mobil, Earnings Report, Priority Earnings
The post Exxon Mobil posts 3Q profit of $4…
The Irving, Texas-based company said it had profit of $1.01 per share.
The results exceeded Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The oil and natural gas company posted revenue of $67.34 billion in the period.
Exxon shares have dropped 11 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 1.5 per cent. The stock has fallen 13 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XOM at http://www.zacks.com/ap/XOM
_____
Keywords: Exxon Mobil, Earnings Report, Priority Earnings
The post Exxon Mobil posts 3Q profit of $4…
Swiss bank Credit Suisse says it is co-operating with US, Swiss probes of FIFA corruption
– canadianbusiness.com
ZURICH – Credit Suisse says it is helping American and Swiss federal investigations into alleged financial corruption linked to FIFA.
The Swiss bank says in its quarterly report it “received inquiries from these authorities regarding its banking relationships with certain individuals and entities associated with FIFA.”
The bank says prosecutors are investigating “multiple financial institutions, including Credit Suisse.”
It says banks are being asked if they processed “suspicious or otherwise improper transactions, or failed to observe anti-money laundering laws and regulations.”
Switzerland’s attorney general Michael Lauber said last month he had reports of 121 suspicious accounts.
The Swiss case relates to criminal mismanagement of FIFA business and money laundering linked to the 2018-2022 World Cup bidding contests.
The American case has focused on bribery implicating senior FIFA officials in North and South America.
The post Swiss bank Credit Suisse says it is co-operating with US, Swiss probes of FIFA corruption appeared first on Canadian Business – Your Source For Business News.
The Swiss bank says in its quarterly report it “received inquiries from these authorities regarding its banking relationships with certain individuals and entities associated with FIFA.”
The bank says prosecutors are investigating “multiple financial institutions, including Credit Suisse.”
It says banks are being asked if they processed “suspicious or otherwise improper transactions, or failed to observe anti-money laundering laws and regulations.”
Switzerland’s attorney general Michael Lauber said last month he had reports of 121 suspicious accounts.
The Swiss case relates to criminal mismanagement of FIFA business and money laundering linked to the 2018-2022 World Cup bidding contests.
The American case has focused on bribery implicating senior FIFA officials in North and South America.
The post Swiss bank Credit Suisse says it is co-operating with US, Swiss probes of FIFA corruption appeared first on Canadian Business – Your Source For Business News.
KeyCorp expands presence in Northeast with $4.1B deal for rival bank First Niagara
– canadianbusiness.com
CLEVELAND – KeyCorp will expand deeper into the Northeast with a $4.1 billion deal to buy First Niagara Financial Group and create the 13th largest commercial bank in the United States.
Cleveland-based KeyCorp said Friday that it will pay a portion of its stock and $2.30 in cash for each share of First Niagara. The total comes to $11.40 per share based on the Thursday closing price of Key Corp’s stock. That’s a roughly 10 per cent premium to First Niagara’s $10.38 closing price on Thursday.
First Niagara shares edged up 26 cents to $10.64 in premarket trading while KeyCorp dropped 68 cents, or 5.1 per cent, to $12.70 about an hour before the market open.
Buffalo, New York-based First Niagara Financial Group Inc. has nearly 400 locations in New York, Pennsylvania, Connecticut and Massachusetts. It has $39 billion in assets and $29 billion in deposits.
The combined company will have more than 1,300 bank branches in 15 states. It will have $99.8 billion in deposits and $83…
Cleveland-based KeyCorp said Friday that it will pay a portion of its stock and $2.30 in cash for each share of First Niagara. The total comes to $11.40 per share based on the Thursday closing price of Key Corp’s stock. That’s a roughly 10 per cent premium to First Niagara’s $10.38 closing price on Thursday.
First Niagara shares edged up 26 cents to $10.64 in premarket trading while KeyCorp dropped 68 cents, or 5.1 per cent, to $12.70 about an hour before the market open.
Buffalo, New York-based First Niagara Financial Group Inc. has nearly 400 locations in New York, Pennsylvania, Connecticut and Massachusetts. It has $39 billion in assets and $29 billion in deposits.
The combined company will have more than 1,300 bank branches in 15 states. It will have $99.8 billion in deposits and $83…
Husky Energy swings to loss; has cut 1,400 jobs
– theglobeandmail.com
Company says it has written down $167-million related to legacy oil and natural gas assets in Western Canada
Husky posts $4.1-billion loss in Q3 as it recognizes reduced value of assets
– canadianbusiness.com
CALGARY – Husky Energy (TSX:HSE) is recognizing the impaired value of its assets, resulting in a $4.1-billion net loss in the third quarter and prompting it to consider further actions to help it ride out the oil and gas industry’s current downturn.
The Calgary-based company says most of the loss, which was equal to $4.19 per common share, is due to non-cash items that reflect Husky’s reduced outlook for longer term oil and gas prices.
Adjusting to exclude $3.8 billion of impairments and a $167 million writedown, Husky’s loss for the third quarter was $101 million.
Husky says it’s prepared to make additional workforce adjustments if necessary, in addition to 1,400 positions eliminated by the end of the third quarter.
It has also decided to make its January 2016 dividend payment in common shares rather than cash. The dividend rate will continue to be 30 cents per share.
It’s also considering the sale of some of its oil and gas properties in Western Canada — but not its heavy oil or oilsands assets…
The Calgary-based company says most of the loss, which was equal to $4.19 per common share, is due to non-cash items that reflect Husky’s reduced outlook for longer term oil and gas prices.
Adjusting to exclude $3.8 billion of impairments and a $167 million writedown, Husky’s loss for the third quarter was $101 million.
Husky says it’s prepared to make additional workforce adjustments if necessary, in addition to 1,400 positions eliminated by the end of the third quarter.
It has also decided to make its January 2016 dividend payment in common shares rather than cash. The dividend rate will continue to be 30 cents per share.
It’s also considering the sale of some of its oil and gas properties in Western Canada — but not its heavy oil or oilsands assets…
