AUS
NZ
UK
CA
USA
IND
_12_30_2022_12_52_52_044223.jpg)
Highlights:
- Enbridge (TSX:ENB) posted GAAP earnings of C$ 1.3 billion in Q3 2022.
- Royal Bank of Canada has a dividend yield of 4.104 per cent.
- Bank of Nova Scotia posted a net income of C$ 2,093 million in Q4 2022.
The year 2022 has been a roller coaster ride for the stock markets. While some mega and popular stocks plunged this year, a few surprised many. In such a scenario, making critical decisions can become quite tedious. Especially for retirees looking to expand their portfolio to ensure hassle-free retirement.
Let’s explore 3 TSX stocks for their financial performances in the latest quarters:
Enbridge (TSX:ENB)
Pipeline company Enbridge holds a dividend yield of 6.672 per cent, and it paid a quarterly dividend of C$ 0.887 per share. Owner of large midstream assets to transport hydrocarbons across Canada and the US, Enbridge has an EPS of 2.70 and a P/E ratio of 19.60.
In the third quarter of 2022, Enbridge posted GAAP earnings of C$ 1.3 billion or C$ 0.63 per common share versus C$ 0.7 billion or c$ 0.34 per common share in the same quarter in 2021.
The cash from operating activities was reported at C$ 2.1 billion compared to C$ 2.3 billion in the year-ago quarter.
The adjusted EBITDA of the company was reported at C$ 3.8 billion compared to C$ 3.3 billion in the corresponding quarter of the previous year. The pipeline major also announced a 3.2 per cent increase in its quarterly dividend for 2023.
Royal Bank of Canada (TSX:RY)
One of the two largest banks in Canada, Royal Banks of Canada, has a dividend yield of 4.104 per cent and paid a dividend of C$ 1.32 on a quarterly basis. Its three-year dividend growth is 6.19 per cent.
Royal Bank of Canada reported a net income of C$ 15.8 billion for fiscal 2022 compared to C$ 243 million in fiscal 2021.
The company’s diluted EPS for 2022 remained unchanged at C$ 11.06 from the previous year. The bank’s net income in Q4 2022 was C$ 3.9 billion. The diluted EPS of Royal Bank of Canada in the fourth quarter of 2022 was C$ 2.74, up two per cent YoY. The bank gave back C$12.4 billion to its shareholders as common share repurchases and dividends.
Royal Bank of Canada’s earnings in Q4 2022 grew C$ 305 million or 9 per cent from the previous quarter of the same fiscal. The bank said it was largely due to higher earnings in Personal & Commercial Banking, Capital Markets, Insurance, and Wealth Management.
Source: ©Kalkine Media®; © Canva via Canva.com
Bank of Nova Scotia (TSX:BNS)
They are operating in five business segments, Bank of Nova Scotia financial services at a global level. The banks paid a quarterly dividend of C$ 1.03 per share and had a dividend yield of 6.183 per cent. Nova Scotia has an EPS of 8.05 and a P/B ratio of 1.219.
In the last quarter of 2022, the bank registered a net income of C$ 2,093 million. It was C$ 2,559 million in the year-ago quarter. The EPS (diluted) in Q4 2022 was C$ 1.63 versus C$ 1.97 in the same quarter in 2021.
Bottom line
With the volatile stock market, it would make more sense to do proper market research and make informed decisions. With investor sentiments at an all-time low, most stocks have suffered a downturn. Therefore, market research is critical while making investment decisions.
