Zacks Industry Outlook Highlights: BBVA Banco Francés, Deutsche Bank, UBS Group, Royal Bank of Canada and Shinhan Financial Group
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 8:30AM CDT
Zacks Industry Outlook Highlights: BBVA Banco Francés, Deutsche Bank, UBS Group, Royal Bank of Canada and Shinhan Financial Group
BFR: 20.24 (-0.10), RY: 61.57 (-0.82), DB: 15.74 (-0.97), UBS: 14.33 (-0.42), SHG: 33.62 (-0.70)
HSBC's Deal to Sell Brazil Business Sanctioned by Regulators
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 5:33PM CDT
HSBC's agreement with Banco Bradesco to sell its Brazil business was unanimously approved by the Brazilian regulatory authority.
BMO: 65.12 (-0.60), BBD: 6.97 (-0.33), RY: 61.57 (-0.82), HSBC: 31.01 (-1.22)
Foreign Banks Stock Outlook - June 2016
Kalyan Nandy - Zacks Investment Research - Thu Jun 09, 4:30PM CDT
Foreign Banks Stock Outlook - June 2016
BCS: 9.56 (-0.64), TD: 44.50 (-0.49), BFR: 20.24 (-0.10), CS: 12.43 (-0.57), RY: 61.57 (-0.82), DB: 15.74 (-0.97), HSBC: 31.01 (-1.22), UBS: 14.33 (-0.42), CM: 80.53 (-0.89), SHG: 33.62 (-0.70)
UBS to Cut Management Jobs, Overhaul U.S. Wealth Unit
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 8:23AM CDT
UBS Group AG (UBS) is planning to eliminate some management positions in its U.S. wealth-management division and reduce advisor recruitment by 40%
BMO: 65.12 (-0.60), RY: 61.57 (-0.82), UBS: 14.33 (-0.42), CM: 80.53 (-0.89)
Why Royal Bank of Canada (RY) Stock Might be a Great Pick
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 7:39AM CDT
Royal Bank of Canada (RY) looks like an interesting choice for investors, as it is seeing solid estimate revisions and belongs to a great industry.
RY: 61.57 (-0.82)
Itau Unibanco (ITUB) Expansion Plans on Track: Time to Buy?
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 9:20AM CDT
We issued an updated research report on Brazil's Itau Unibanco Holding S.A. (ITUB) on Jun 7.
BMO: 65.12 (-0.60), RY: 61.57 (-0.82), CM: 80.53 (-0.89), ITUB: 8.39 (-0.54)
HSBC to Cut Investment Banking Jobs to Improve Profitability
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 7:54AM CDT
HSBC is cutting senior investment banking positions as part of its ongoing plan to reduce costs and improve profitability.
BMO: 65.12 (-0.60), RY: 61.57 (-0.82), HSBC: 31.01 (-1.22), CM: 80.53 (-0.89)
Mitsubishi UFJ Bank Unit May Quit as JGB Primary Dealer
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 7:05AM CDT
The core lending unit of Mitsubishi UFJ Financial Group, Inc. (MTU) is contemplating withdrawal from its role as a primary dealer for Japanese government bonds (JGB)
BMO: 65.12 (-0.60), MTU: 4.84 (unch), RY: 61.57 (-0.82), CM: 80.53 (-0.89)
RBC Global Asset Management Inc. announces May sales results for RBC Funds and PH&N Funds
CNW Group - Mon Jun 06, 11:00AM CDT
RBC Global Asset Management Inc. today announced May mutual fund net sales of $819 million. Long-term funds had net sales of $798 million and money market funds had net sales of $21 million. Assets under management increased by 2.5 per cent.
RY.TO: 78.57 (-0.77), RY: 61.57 (-0.82)
Deutsche Bank's CEO Warns Basel May Hit Capital Buffer
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 7:33AM CDT
Deutsche Bank AG (DB) is likely to keep aside more capital or scale back businesses as regulators lays stricter rules regarding risk measurement by the banks.
BMO: 65.12 (-0.60), RY: 61.57 (-0.82), DB: 15.74 (-0.97), CM: 80.53 (-0.89)
152 communities across the globe to receive $3.2 million in funding from RBC Blue Water Project
PR Newswire - Thu Jun 02, 6:00AM CDT
2016 RBC Blue Water Project Leadership and Community Action Grants Announced
RY.TO: 78.57 (-0.77), RY: 61.57 (-0.82)
RBC PMI: Manufacturing recovery sustained in May, but new order growth slows
CNW Group - Wed Jun 01, 8:30AM CDT
May data from the RBC PMI highlighted that Canadian manufacturers experienced another modest upturn in overall business conditions in May, which marked three months of sustained improvement.
RY.TO: 78.57 (-0.77), RY: 61.57 (-0.82)
RBC Global Asset Management Inc. appoints RBC Global Asset Management (UK) Limited as sub-advisor for three funds
CNW Group - Wed Jun 01, 8:00AM CDT
RBC Global Asset Management Inc. today announced the appointment of RBC Global Asset Management (UK) Limited (RBC GAM-UK) as sub-advisor for the RBC International Dividend Growth Fund, the RBC Global Dividend Growth Fund and the RBC Global Dividend Growth Currency Neutral Fund. This change will take effect on or about July 8, 2016.
RY.TO: 78.57 (-0.77), RY: 61.57 (-0.82)
Canadian Imperial (CM): Q2 Earnings and Revenues Strong
Zacks Equity Research - Zacks Investment Research - Tue May 31, 7:14AM CDT
Canadian Imperial Bank of Commerce (CM) reported second-quarter fiscal 2016 earnings (ended Apr 30) on May 26. Adjusted earnings per share came in at C$2.40, up from C$2.28 in the prior-year quarter.
RY: 61.57 (-0.82), RBS: 6.06 (-0.43), UBS: 14.33 (-0.42), CM: 80.53 (-0.89)
Royal Bank of Canada to repurchase up to 20 million of its common shares
CNW Group - Mon May 30, 7:45AM CDT
Royal Bank of Canada ("RY" on TSX and NYSE) today announced that the Toronto Stock Exchange has approved its normal course issuer bid to purchase, for cancellation, up to 20 million of its common shares.
RY.TO: 78.57 (-0.77), RY: 61.57 (-0.82)
TD Bank's (TD) Q2 Earnings & Revenues Up Y/Y, Costs Rise
Zacks Equity Research - Zacks Investment Research - Mon May 30, 6:37AM CDT
The Toronto-Dominion Bank (TD), also known as TD Bank, announced its fiscal second-quarter 2016 (ended Apr 30) adjusted earnings of C$1.20 per share, which were up 5% year over year.
TD: 44.50 (-0.49), RY: 61.57 (-0.82), HDB: 64.63 (-0.85), CM: 80.53 (-0.89)
Royal Bank of Canada Q2 Earnings and Revenues Up Y/Y
Zacks Equity Research - Zacks Investment Research - Fri May 27, 6:32AM CDT
Royal Bank of Canada (RY) reported second-quarter fiscal 2016 (ended Apr 30) net income of C$2.6 billion ($1.96 billion), up 3% from the prior-year quarter.
RY: 61.57 (-0.82), DB: 15.74 (-0.97), RBS: 6.06 (-0.43), UBS: 14.33 (-0.42)
Why Investors are Crazed Again With Banking Stocks? - Royal Bank of Canada, TCF Financial, Bank of Montreal and OFG Bancorp
PR Newswire - Thu May 26, 7:30AM CDT
Banking stocks were in bullish territory yesterday at the close as the street's sentiment was that the sector would be benefitting from higher interest rates should the Feds make a move in that direction later this year. ActiveWallSt.com focus today is on four equities in the Money Center Banks industry: Royal Bank of Canada (NYSE: RY), TCF Financial Corp. (NYSE: TCB), Bank of Montreal (NYSE: BMO), and OFG Bancorp (NYSE: OFG). Receive your free technical alerts on these stocks at:
BMO: 65.12 (-0.60), OFG: 8.50 (-0.23), RY: 61.57 (-0.82), TCB: 13.76 (-0.19)