Deutsche Bank's Restructuring Plans in Germany on Track
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:13AM CDT
Deutsche Bank AG (DB) disclosed detailed restructuring moves on Thursday for revamping the commercial and private banking business in Germany.
BMO: 62.65 (-2.68), DB: 14.72 (-3.12), CM: 77.07 (-4.33)
CIBC partners with MagnusCards on a banking app that helps people with special needs
CNW Group - Fri Jun 24, 8:16AM CDT
New app provides tools for banking independently
CM: 77.07 (-4.33), CM.TO: 100.22 (-3.69)
Credit Suisse (CS) Under Justice Dept. Probe
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 2:41PM CDT
Legal hassles continue for Credit Suisse Group AG (CS) as the Swiss banking giant is under Justice Department scrutiny for its operations in Israel. US regulators are investigating the Zurich-based banking giant's procedures relating to handling of American clients.
BMO: 62.65 (-2.68), CS: 11.51 (-2.21), CM: 77.07 (-4.33)
Deutsche Bank Inks Deal to Close 200 Branches in Germany
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 8:54AM CDT
Deutsche Bank AG (DB) has reportedly inked a deal with its German works council to close around a quarter of the bank's branches in its domestic market
BMO: 62.65 (-2.68), HSBC: 30.68 (-3.05), DB: 14.72 (-3.12), CM: 77.07 (-4.33)
MaRS C Suite officially opens its doors with founding partner CIBC and new tenants Manulife and Moneris
CNW Group - Thu Jun 23, 8:00AM CDT
Today, MaRS announces the official opening of its corporate innovation district, the MaRS C Suite, with its founding sponsor CIBC. Located in the heart of the MaRS Centre, the suite acts as a bridge between corporate leaders and entrepreneurs.
CM: 77.07 (-4.33), CM.TO: 100.22 (-3.69)
Moody's: Canadian Banks Well Placed to Bear Housing Crisis
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 5:15PM CDT
Moody's conducted a stress test to determine the impact of a severe housing downturn on major Canadian banks.
RY: 59.39 (-3.04), CM: 77.07 (-4.33), BNS: 49.26 (-2.13), MCO: 93.66 (-8.04)
New Strong Buy Stocks for June 22nd
Swarup Gupta - Zacks Investment Research - Wed Jun 22, 7:29AM CDT
New Strong Buy Stocks for June 22nd
TIS: 34.82 (-0.18), SAR: 16.83 (-0.12), RY: 59.39 (-3.04), MBT: 7.94 (-0.59), CM: 77.07 (-4.33)
Commercial Vehicle Group, Houlihan Lokey, Johnson & Johnson and Canadian Imperial Bank of Commerce highlighted as Zacks Bull and Bear of the Day
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 8:30AM CDT
Commercial Vehicle Group, Houlihan Lokey, Johnson & Johnson and Canadian Imperial Bank of Commerce highlighted as Zacks Bull and Bear of the Day
JNJ: 115.63 (-1.75), HLI: 23.26 (-1.33), CM: 77.07 (-4.33), CVGI: 5.42 (-0.13)
Canadian Imperial Bank of Commerce (CM): Strong Industry, Solid Earnings Estimate Revisions
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 7:37AM CDT
Canadian Imperial Bank of Commerce (CM) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
CM: 77.07 (-4.33)
Atlantic Trust expands its wealth strategies team in New York
PR Newswire - Tue Jun 21, 6:00AM CDT
Atlantic Trust, the U.S. private wealth management division of CIBC (NYSE: CM) (TSX: CM), today announced that Halsey O. Schreier, with experience as a tax and estate attorney, has joined the team in New York as vice president and wealth strategist.
CM: 77.07 (-4.33), CM.TO: 100.22 (-3.69)
Royal Bank of Canada Looks to Expand Organically in U.S.
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 1:49PM CDT
Following the stock-cash merger deal worth $5 billion of Toronto-based Royal Bank of Canada (RY) and U.S.-based City National Corporation in Nov 2015, Royal Bank of Canada's Chief Executive Dave McKay intends further expansion in the United States.
RY: 59.39 (-3.04), CM: 77.07 (-4.33), BBVA: 5.38 (-1.25), SHG: 31.41 (-2.46)
Top Stock PIcks for the Week of June 20th
Panel Of Zacks Experts - Zacks Investment Research - Mon Jun 20, 1:02PM CDT
A large cap pharmaceutical company, and a foreign bank with strong metrics top this week's picks.
JNJ: 115.63 (-1.75), CM: 77.07 (-4.33)
New Strong Buy Stocks For June 20th
Swarup Gupta - Zacks Investment Research - Mon Jun 20, 7:16AM CDT
New Strong Buy Stocks For June 20th
NWBI: 14.21 (-0.57), APLE: 18.49 (-0.24), DCM: 25.69 (-0.29), MBT: 7.94 (-0.59), CM: 77.07 (-4.33)
HSBC Ends Household International Case; To Incur Charge
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 7:18AM CDT
HSBC settled Household International class action lawsuit for $1.575 billion. Owing to this, the company will incur a pre-tax charge in the second quarter of 2016.
BCS: 8.89 (-2.29), HSBC: 30.68 (-3.05), CM: 77.07 (-4.33), ITUB: 8.53 (-0.45)
New Strong Buy Stocks for June 16th
Swarup Gupta - Zacks Investment Research - Thu Jun 16, 7:02AM CDT
New Strong Buy Stocks for June 16th
BMO: 62.65 (-2.68), CCU: 21.59 (-0.93), CM: 77.07 (-4.33), BMTC: 28.69 (-1.18), CORE: 90.84 (-0.82)
Forget US Bank Stocks, Bet on These 5 Canadian Ones Instead
Zacks Equity Research - Zacks Investment Research - Mon Jun 13, 3:59PM CDT
We suggest investors to readjust the investment portfolio to include certain Canadian stocks that currently look attractive.
BMO: 62.65 (-2.68), TD: 42.50 (-1.90), RY: 59.39 (-3.04), CM: 77.07 (-4.33), BNS: 49.26 (-2.13)
Foreign Banks Stock Outlook - June 2016
Kalyan Nandy - Zacks Investment Research - Thu Jun 09, 4:30PM CDT
Foreign Banks Stock Outlook - June 2016
BCS: 8.89 (-2.29), TD: 42.50 (-1.90), BFR: 19.62 (-1.54), CS: 11.51 (-2.21), RY: 59.39 (-3.04), DB: 14.72 (-3.12), HSBC: 30.68 (-3.05), UBS: 13.95 (-2.15), CM: 77.07 (-4.33), SHG: 31.41 (-2.46)
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: 62.65 (-2.68), RY: 59.39 (-3.04), UBS: 13.95 (-2.15), CM: 77.07 (-4.33)
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: 62.65 (-2.68), RY: 59.39 (-3.04), CM: 77.07 (-4.33), ITUB: 8.53 (-0.45)
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: 62.65 (-2.68), RY: 59.39 (-3.04), HSBC: 30.68 (-3.05), CM: 77.07 (-4.33)