Financial Stocks

BMO boosts dividend by 25%, Q4 profit up 36%. A bank stock to buy?

BMO boosts dividend by 25%, Q4 profit up 36%. A bank stock to buy?

Highlights  Bank of Montreal (TSX:BMO) ended the earnings season for the Big Six banks on Friday, December 3. BMO’s net income surged by 36 per cent year-over-year (YoY) in Q4 FY21. It has announced a 25 per cent boost to its quarte...

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Which are the top ETFs offered by TD Asset Management?

Which are the top ETFs offered by TD Asset Management?

Summary 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 ...

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Canadians Hoard Record High Cash Of C$ 170 Bn Amid COVID: CIBC

Canadians Hoard Record High Cash Of C$ 170 Bn Amid COVID: CIBC

The 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...

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Why Are BNS & TD Bank Stocks Trending?

Why Are BNS & TD Bank Stocks Trending?

Summary 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...

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Hive Blockchain, The Westaim & Founders Advantage: 3 TSXV Financial Stocks To Explore

Hive Blockchain, The Westaim & Founders Advantage: 3 TSXV Financial Stocks To Explore

Summary 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...

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Royal Bank Of Canada (TSX:RY) & Bank Of Montreal: 2 Bluechip Stocks To Punt On

Royal Bank Of Canada (TSX:RY) & Bank Of Montreal: 2 Bluechip Stocks To Punt On

  The 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...

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Scotiabank (TSX:BNS) & Manulife Financial (TSX:MFC): Trending Financial Stocks

Scotiabank (TSX:BNS) & Manulife Financial (TSX:MFC): Trending Financial Stocks

Summary 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 ...

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Bank of Montreal (TSX:BMO) & Toronto-Dominion Bank (TSX:TD): 2 Bank Stocks In Focus

Bank of Montreal (TSX:BMO) & Toronto-Dominion Bank (TSX:TD): 2 Bank Stocks In Focus

Summary 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...

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Toronto-Dominion Bank (TSX:TD) & Scotiabank (TSX:BNS): Trending financial stocks this week

Toronto-Dominion Bank (TSX:TD) & Scotiabank (TSX:BNS): Trending financial stocks this week

Summary Toronto-Dominion Bank (TSX:TD) & Scotiabank (TSX:BNS) reported slump in Q3 2020 profits. Both the banks created significant provisions for bad loans, indicating a rather grim outlook for the rest of 2020. Lower spending and borrowi...

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JPMorgan pays $920 Million to settle the US Justice Department and CFTC Probe

JPMorgan pays $920 Million to settle the US Justice Department and CFTC Probe

One of the largest banks in the United States, JP Morgan Chase was found engaged in placing manipulative trades in the secondary market, which consists of futures tied to precious metals and Treasury bonds. JP Morgan has been asked to pay a fine of...

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Scotiabank (TSX:BNS) and Toronto-Dominion (TSX:TD): 2 Bank Stocks to Watch Out in October

Scotiabank (TSX:BNS) and Toronto-Dominion (TSX:TD): 2 Bank Stocks to Watch Out in October

The largest banks in Canada took a massive hit when the markets tanked amid the coronavirus pandemic in March. As they accommodated central bank’s lowered interest rates and deferred loan payments, substantial provisions for credit losses wer...

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