Financial
Toronto-Dominion (TSX:TD) & Scotiabank (TSX:BNS): 2 Price Volume Active Bank Stocks
January 06, 2021 09:40 AM EST| By Kunal SawhneySummary Toronto-Dominion stocks are up 14 per cent in the last three months. The bank is also paying quarterly dividends consistently. Bank of Nova Scotia units have swelled 20 per cent in the same period. The stock holds a positive return on e.....
FinTech Firm Mogo Bets Big On Bitcoin, To Invest C$1.5M
December 23, 2020 09:47 AM EST| By Hina ChowdharyDigital financial firm Mogo Inc. (TSX: MOGO) Wednesday announced that it intends to buy up to C$ 1.5 million bitcoin in an initial corporate investment. The fintech firm is expected to make further investments in 2021, as it monetizes its existing C$...
Scotiabank & Toronto-Dominion: 2 Bank Stocks On Rebound Path
December 22, 2020 06:45 AM EST| By Hina ChowdharySummary Bank of Nova Scotia scrips have soared 25 per cent in the last three months. The blue-chip stock has a positive return on equity (ROE) of 10.11 per cent. Toronto-Dominion stocks have increased by 17 per cent in the same period. The stoc.....
Hive, DMG, Bitfarms: Crypto Stocks Trend After New Bitcoin High
December 18, 2020 11:43 AM EST| By Team Kalkine MediaIn yet another milestone, Bitcoin (USD) zoomed past US$ 23,000-mark for the first time in its history on Thursday, December 17. Calendar 2020 has been a gala year for this digital currency, which is up over 220 per cent year-to-date. Soon after the n...
Royal Bank & CIBC: 2 Rising TSX Bank Stocks
December 18, 2020 09:57 AM EST| By Kunal SawhneySummary The two banking stocks have returned over 9 per cent in the last three months. Royal Bank of Canada is paying a quarterly cash dividend of C$ 1.08 and currently yields 4.137 per cent. Canadian Imperial Bank of Commerce is offering a qu.....
Why Are Bank Stocks Toronto Dominion (TSX:TD) & Scotiabank (TSX:BNS) Trending?
December 15, 2020 09:06 AM EST| By Hina ChowdharySummary Both the lenders’ stocks are trending among major the TMX’s stocklists following their gains in the last 30 days. Both banking stocks have delivered double-digit growth in the last one month. TD pays a quarterly cash divide.....
Top 10 Canadian Financial Stocks Of 2020
December 13, 2020 12:12 AM EST| By Team Kalkine MediaGlobal stock markets went through unprecedented times as the COVID-19 pandemic outbroke in March 2020. The S&P/TSX Financial Index tumbled sharply by nearly 40 per cent between February and March. The central bank was left in limbo to weigh the u...
3 Bank Stocks Gaining Momentum: Royal Bank of Canada, TD Bank & BMO
December 09, 2020 12:15 AM EST| By Team Kalkine MediaSummary TD offered diluted earnings per share of C$ 6.43 for fiscal 2020 versus C$ 6.25 for fiscal 2019. BMO delivered earnings per share of C$ 7.55 in FY20, against C$ 8.66 in FY19. RY posted a diluted EPS of C$ 7.82 in the financial year 202.....
Deutsche Bank, ANZ, Citi face trials in Australia’s biggest criminal case
December 08, 2020 07:44 AM EST| By Team Kalkine MediaThe three major banks, Australia and New Zealand (ANZ) Banking Group Ltd, Citigroup Inc, Deutsche Bank AG, and six of firms’ former staff were asked to face trial in Australia’s NSW Local Court on Tuesday after pleading not guil.....
TD & CIBC Release Q4 Earnings Report, Stocks Trend On TSX
December 03, 2020 11:42 AM EST| By Team Kalkine MediaSummary The TD Bank Group and the Canadian Imperial Bank Of Commerce posted have their latest earnings report for the fourth quarter and fiscal year of 2020. The Toronto-Dominion Bank’s total revenues amounted to C$ 11.8 billion in Q4 FY2.....
RBC (TSX:RY) & National Bank of Canada (TSX:NA) Stocks Plunge On Earnings Report
December 02, 2020 11:42 AM EST| By Kunal SawhneySummary National Bank of Canada’s total revenue up 7 per cent year-over-year for fiscal 2020. The lender’s acquisition of consumer finance investment company Credigy has improved its diluted earnings per share by C$0.07. The Royal .....
BMO & Scotiabank (TSX:BNS) Q4 Earnings Out: How Are Canadian Big Banks Faring?
December 02, 2020 04:20 AM EST| By Kunal SawhneySummary BMO announced quarterly cash dividend of C$ 1.06 per common share. The stocks have swelled by nearly 18 per cent in the last three months. Scotiabank declared a quarterly cash dividend of C$ 0.90 per common share for the quarter. Scot.....
Why Are Financial Stocks Sun Life (TSX:SLF) & Manulife (TSX:MFC) Trending?
November 23, 2020 08:48 AM EST| By Kunal SawhneyFinancial stocks have been trending on the Toronto Stock Exchange for the last three weeks. The S&P/TSX Financial index has soared by nearly 16 per cent in November while stocks such as Sun Life Financial Inc (TSX: SLF) and Manulife Financial Cor...
Which are the top ETFs offered by TD Asset Management?
November 19, 2020 10:19 AM EST| By Hina ChowdharySummary TD US Equity Index fund delivers a positive return on equity (ROE) of 26.17 per cent. TD Active Global Enhanced Dividend ETF holds a current dividend yield of 3.731 per cent and offers an ROE of 27.17 per cent. TD Active Global Income .....
Canadians Hoard Record High Cash Of C$ 170 Bn Amid COVID: CIBC
November 18, 2020 07:00 AM EST| By Team Kalkine MediaThe coronavirus pandemic saw Canadians amass the largest excess cash ever in recorded history, reported a 2020 study by Canadian Imperial Bank of Commerce (CIBC). It estimated that households and businesses in the country are currently holding at l.....
Why Are BNS & TD Bank Stocks Trending?
November 17, 2020 11:37 AM EST| By Team Kalkine MediaSummary Two back-to-back promising news on the COVID-19 vaccine have built positive sentiment among investors. Bank of Nova Scotia and The Toronto-Dominion Bank stocks have surged by over 2 per cent on the vaccine update. BNS stocks are up ove.....
Hive Blockchain, The Westaim & Founders Advantage: 3 TSXV Financial Stocks To Explore
November 08, 2020 04:19 AM EST| By Hina ChowdharySummary The scrips of HIVE Blockchain Technologies Ltd gained 450+ per cent YTD. The Westaim Corporation has stakes in investment firms Arena and HIIG group. Founders Advantage Capital Corp generated revenue of C$15 million in Q2 2020. &nbs.....
Royal Bank Of Canada (TSX:RY) & Bank Of Montreal: 2 Bluechip Stocks To Punt On
October 26, 2020 04:27 PM EDT| By Hina ChowdharyThe Canadian economy is likely to decline by 7.1 per cent in 2020, according to the latest International Monetary Fund (IMF) outlook report. Bank of Canada’s latest Business Outlook Survey indicates that the business sentiment is grim.....
Scotiabank (TSX:BNS) & Manulife Financial (TSX:MFC): Trending Financial Stocks
October 23, 2020 01:54 PM EDT| By Team Kalkine MediaSummary The TSX financial index is down over 15 per cent year-to-date (YTD) while the TSX Venture financial index is down by over 16 per cent YTD. Manulife Financials stock declined by 28.75 per cent this year due to the impact of Covid-19 on .....
Bank of Montreal (TSX:BMO) & Toronto-Dominion Bank (TSX:TD): 2 Bank Stocks In Focus
October 16, 2020 09:42 AM EDT| By Team Kalkine MediaSummary Soaring bad loans amid the pandemic has forced big Canadian banks to create significant provisions for credit losses (PCL). The Toronto-Dominion Bank’s provision for credit loss was C$ 2.18 billion in its third quarter, while Bank.....