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What P/E can tell you about a stock, and what it can’t May 6th
If there’s one water cooler conversation that investors love to have, it’s whether stocks are expensive or cheap. Your argument will depend partly on your investment approach: If you’re growth-focused, the valuation metrics of a quickly expanding company may not look overly pricey to you if yo.... More »
How to file your taxes when you own ETFs Dec 19th
Ask MoneySense
Is it possible to handle investments without having an accountant or tax professional? I do my own income taxes and have used the tax receipts without any issues from my bank for mutual funds. Is it possible to invest in ETFs without hiring a professional at tax time? If they are in a.... More »
Shares in two major cannabis companies halted on TSX + MORE May 3rd
Shares in two of Canada's three largest cannabis companies were halted on the Toronto Stock Exchange on Thursday..... More »
Investing in CBD — How to Do It & What to Consider + MORE Aug 31st
The cannabidiol market in the U.S.A is growing bigger. Investors are turning their attention to the CBD industry to look at the lucrative opportunities it may present. Although CBD has been around for a long time, federal legalization of the substance has opened more doors toward increasing its popu.... More »
Climate change to drive 'massive' investment shift - BBC News Jan 15th
Climate change to drive 'massive' investment shift BBC NewsBlackRock, world's largest asset manager, changing its focus to climate change CBC.caBlackRock C.E.O. Larry Fink: Climate Crisis Will Reshape Finance The New York TimesFink, Frackers and Putting the ‘G’ i.... More »
Fannie, Freddie and an Outbreak of Amnesia
– online.wsj.com
The growing ‘recap and release’ movement is a bad idea that could lead to another financial disaster.BMO’s income falls 3 per cent to $973 million as it takes restructuring charge
– canadianbusiness.com
TORONTO – The Bank of Montreal’s second quarter profit fell to $973 million, down three per cent from a year ago, as it took bigger provisions for credit losses and restructuring expenses.
The bank (TSX:BMO) reported $999 million of net income during the same quarter last year.
The earnings amounted to $1.45 per share, down from $1.49 per share a year ago.
BMO’s net income included a $132 million restructuring charge related to technological changes and $201 million in provisions for credit losses, both higher than in last year’s second quarter.
On an adjusted basis, BMO earned $1.152 billion, or $1.73 per share, up from $1.146 billion, or $1.71 per share, a year ago.
Revenue increased to $5.10 billion, from $4.53 billion during the second quarter of last year.
BMO also announced its quarterly dividend will go up by two cents to 86 cents per share, effective Aug. 26, 2016.
The post BMO’s income falls 3 per cent to $973 million as it takes restructuring charge appeared first on Canadian Business – Your Source For Business News.
The bank (TSX:BMO) reported $999 million of net income during the same quarter last year.
The earnings amounted to $1.45 per share, down from $1.49 per share a year ago.
BMO’s net income included a $132 million restructuring charge related to technological changes and $201 million in provisions for credit losses, both higher than in last year’s second quarter.
On an adjusted basis, BMO earned $1.152 billion, or $1.73 per share, up from $1.146 billion, or $1.71 per share, a year ago.
Revenue increased to $5.10 billion, from $4.53 billion during the second quarter of last year.
BMO also announced its quarterly dividend will go up by two cents to 86 cents per share, effective Aug. 26, 2016.
The post BMO’s income falls 3 per cent to $973 million as it takes restructuring charge appeared first on Canadian Business – Your Source For Business News.
S&P: Britain’s EU vote could jeopardize pound’s standing
– canadianbusiness.com
LONDON – Ratings agency Standard & Poor’s says a vote to leave the European Union could jeopardize the pound’s standing as an international reserve currency, potentially threatening the country’s credit rating.
The warning comes amid another dire report on the impact on Britain’s economy. The Institute for Fiscal Studies says the U.K. could face two more years of austerity in the event Britain votes to leave the 28-nation bloc on June 23.
S&P analyst Frank Gill says that a British exit from the EU could deter foreign direct investment and “other capital inflows.”
A reserve currency is held by governments of other countries as part of their foreign exchange reserves and is considered as safe to use to pay off foreign debt.
The post S&P: Britain’s EU vote could jeopardize pound’s standing appeared first on Canadian Business – Your Source For Business News.
The warning comes amid another dire report on the impact on Britain’s economy. The Institute for Fiscal Studies says the U.K. could face two more years of austerity in the event Britain votes to leave the 28-nation bloc on June 23.
S&P analyst Frank Gill says that a British exit from the EU could deter foreign direct investment and “other capital inflows.”
A reserve currency is held by governments of other countries as part of their foreign exchange reserves and is considered as safe to use to pay off foreign debt.
The post S&P: Britain’s EU vote could jeopardize pound’s standing appeared first on Canadian Business – Your Source For Business News.
Can you beat the index? Yes and Ross Grant proves it.
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Beating the index sound like fiction? It’s a fact and you might be able to do it just like Ross Grant did. Ross Grant is an engineer by trade and like most engineers he likes figuring things out. Based on his book entitled Destination: Early Financial Independence it looks like Ross figured out early retirement fairly well.
I had a chance recently to talk to Ross about his book, his writing gig at Canadian MoneySaver, the investment approach “Beating the TSX” and other financial subjects.
Ross, thanks for this and good to finally talk.
Thanks Mark for your interest in the investment strategy I use. I hope your readers will pick up a few tips our discussion that may help them reach their financial goals sooner.
Ross, I have a copy of your book Destination Early Financial Independence – How You Can Get There & Manage Your Investments Throughout the Journey and I thought the concept (a series of short letters from father to daughter) was great…
Beating the index sound like fiction? It’s a fact and you might be able to do it just like Ross Grant did. Ross Grant is an engineer by trade and like most engineers he likes figuring things out. Based on his book entitled Destination: Early Financial Independence it looks like Ross figured out early retirement fairly well.
I had a chance recently to talk to Ross about his book, his writing gig at Canadian MoneySaver, the investment approach “Beating the TSX” and other financial subjects.
Ross, thanks for this and good to finally talk.
Thanks Mark for your interest in the investment strategy I use. I hope your readers will pick up a few tips our discussion that may help them reach their financial goals sooner.
Ross, I have a copy of your book Destination Early Financial Independence – How You Can Get There & Manage Your Investments Throughout the Journey and I thought the concept (a series of short letters from father to daughter) was great…
How AP and Equilar calculated CEO pay
– canadianbusiness.com
For its annual study of CEO pay, The Associated Press used data provided by Equilar, an executive data firm.
Equilar examined the regulatory filings detailing the pay packages of 341 executives. Equilar looked at companies in the Standard & Poor’s 500 index that filed proxy statements with federal regulators between Jan. 1 and April 30, 2016. To avoid the distortions caused by sign-on bonuses, the sample includes only CEOs in place for at least two years.
To calculate CEO pay, Equilar adds salary, bonus, perks, stock awards, stock option awards, deferred compensation and other pay components that include benefits and perks.
Stock awards can either be time-based, or performance-based, meaning the CEO has to meet certain goals before getting them. Stock options usually give the CEO the right to buy shares in the future at the price they’re trading at when the options are granted. All are meant to tie the CEO’s pay to the company’s performance.
To determine what stock and option awards are worth, Equilar uses the value of an award on the day it’s granted, as recorded in the proxy statement…
Equilar examined the regulatory filings detailing the pay packages of 341 executives. Equilar looked at companies in the Standard & Poor’s 500 index that filed proxy statements with federal regulators between Jan. 1 and April 30, 2016. To avoid the distortions caused by sign-on bonuses, the sample includes only CEOs in place for at least two years.
To calculate CEO pay, Equilar adds salary, bonus, perks, stock awards, stock option awards, deferred compensation and other pay components that include benefits and perks.
Stock awards can either be time-based, or performance-based, meaning the CEO has to meet certain goals before getting them. Stock options usually give the CEO the right to buy shares in the future at the price they’re trading at when the options are granted. All are meant to tie the CEO’s pay to the company’s performance.
To determine what stock and option awards are worth, Equilar uses the value of an award on the day it’s granted, as recorded in the proxy statement…
