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Stock market news for Canadian investors: BMO and Scotiabank report earnings + MORE Feb 26th
Companies that reported earnings this week
BMO
Scotiabank
BMO Financial Group reports $2.14B Q1 profit up from $1.29B a year ago
Source: Google
BMO (TSE: BMO)
Q1 earnings: $2.14 billion, up from $1.29 billion a year earlier.
Revenue: $9.27 billion, up from $7.67 bi.... More »
Making sense of the markets this week: January 8, 2023 + MORE Jan 6th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines of the week and offers context for Canadian investors.
Putting 2022 into context (it was pretty bad)
What caught my eye this week? This chart from Ben Carlson:
Source: A W.... More »
“One of my stocks just split. Am I richer now?” Sep 4th
If you’re an Apple or Tesla stockholder, you may have noticed that you’re now in possession of a bunch of new shares. On August 28, Apple did a 4-for-1 stock split. Three days later, Tesla split its shares 5-for-1. That means if you owned 100 shares each of Apple and Tesla before the split, you .... More »
Google didn't think its Bard AI was 'really ready' for a product yet, says Alphabet chairman, days after the chatbot's very public mistake tanked the company's stock - Yahoo Canada Finance Feb 14th
Google didn't think its Bard AI was 'really ready' for a product yet, says Alphabet chairman, days after the chatbot's very public mistake tanked the company's stock Yahoo Canada FinanceAlphabet Chairman John Hennessy explains why Google was hesitant to put out its ChatGPT competitor .... More »
Facebook to rebrand as a metaverse company. What is that? - CBC.ca Oct 24th
Facebook to rebrand as a metaverse company. What is that? CBC.caEXPLAINER: What the metaverse is and how it will work Yahoo NewsFacebook Reports Earnings Monday. Snap Earnings Weren't a Great Sign. Barron'sOpinion: A Facebook rebrand could be a huge risk T.... More »
What do recent stock market gains really mean?
– moneysense.ca
For the second week in a row, markets are up, with the S&P 500 climbing by about 12% between Monday, April 6, and Thursday, April 9, while the S&P/TSX Composite Index rose by 9.5%. (Markets were closed, perhaps thankfully, on Good Friday.) While stocks are still down by about 20% since February 21, U.S. and Canadian equities have risen by about 25% since March 23. So hooray for your portfolio, which, if you listened to MoneySense’s advice and didn’t sell out, has recovered at least some of its losses.
But as welcome as these recent gains may be, now is not the time to get carried away. If you found yourself taking deep breaths as the market fell, then you should be doing the same during these climbs. Many professional investors think we’re not out of the woods yet—and that stocks could see another big decline.
Why are markets rising?
There are a few reasons as to why stocks have been rising over the last couple of weeks. One is that we now have at least some idea as to how devastating COVID-19 will be to the global economy…
But as welcome as these recent gains may be, now is not the time to get carried away. If you found yourself taking deep breaths as the market fell, then you should be doing the same during these climbs. Many professional investors think we’re not out of the woods yet—and that stocks could see another big decline.
Why are markets rising?
There are a few reasons as to why stocks have been rising over the last couple of weeks. One is that we now have at least some idea as to how devastating COVID-19 will be to the global economy…
