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1-10 results from 1000 for query «earnings»

January 8, 2019 2:44 PM Scotiabank may find path to exit Thanachart in Thai bank merger

A bank merger in Thailand may finally give Bank of Nova Scotia a path to retreat from the Southeast Asian nation after three years of trying. Thai lenders Thanachart Bank PCL and TMB Bank PCL are in talks to merge in a deal supported by Thailand’s government. Such a transaction could give Canada’s Scotiabank — which owns 49 per cent of Bangkok-based 12

December 21, 2018 10:35 PM Kathy Griffin calls out Forbes’ list of highest-paid comedians for having ‘no women’

“No women,” she said on Twitter Thursday, along with a graphic of each comedian and their estimated earnings from June 1, 2017, through June 1, 2018. Jerry Seinfeld, 64, claimed the top spot yet again, raking in $57.5 million from stand-up shows, selling the streaming rights of “Seinfeld” to Hulu and proceeds from his 2017 Netlfix deal (in fact, Seinfeld 20

December 7, 2018 2:31 PM Gains abroad extend the record earnings streak at Canadian banks

Canada’s eight big banks extended their record earnings streak this year, posting a 7.5 per cent jump in annual profit fuelled by operations outside their home turf. Net income for the companies totalled C$45.9 billion ($34.3 billion U.S.) in the fiscal year ended Oct. 31. Toronto-Dominion Bank and Bank of Montreal profited from their U.S. consumer-lending 22

December 6, 2018 3:32 PM Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs

The Montreal-based company, which reports in U.S. dollars, forecasts total revenues of about $18 billion (U.S.) next year, as the freshly certified Global 7500 — its longest-range business jet — enters into service. The jetliner, sold out through 2021, will contribute to an expected $6.5 billion in business aircraft revenues. Both figures align roughly 21

December 5, 2018 2:18 PM Roots lowers long-term earnings estimates following weak sales in Q3

Roots Corp. has lowered its sales and earnings estimates from targets set when the company went public in October 2017 after sales fell “well below” its own expectations in the third quarter. The clothing company’s total sales for the three months ended Nov. 3 were $87 million, down three per cent from $89.7 million last year when Roots benefited from Canada’s 26

December 5, 2018 1:14 PM U.S. banks too pricey for would-be Canadian buyers

Canadian banks are tapping the brakes on their merger-fueled U.S. expansion. Executives at Canada’s largest lenders, which have just wrapped up their fiscal-fourth-quarter earnings season, said U.S. targets are pricey, making them leery of doing deals in their fastest-growing market. If there are no acquisitions by Canadian banks in the rest of this month 24

December 4, 2018 7:31 PM Dow slides 700 points as U.S. stocks veer sharply lower

The trade dispute has rattled markets in recent months as signs emerged that it has begun affecting corporate profits. That’s stoked traders’ fears that if it drags much longer it could further weigh on global economic growth. The jitters helped drive demand for government bonds Tuesday, pushing prices higher. The yield on the 10-year Treasury note fell to 2.91 per cent from 2.99 per cent late Monday 21

December 4, 2018 3:07 PM BMO’s commercial focus at U.S. Midwest bank pays off with loans

Net income for the quarter rose 38 per cent to a record $1.7 billion, or $2.57 a share. Adjusted earnings were $2.32 a share, beating the $2.30 average estimate of 14 analysts in a Bloomberg survey.Bank of Montreal saw improvements in three of its four main operating divisions, with only its BMO Capital Markets division experiencing a decline. Earnings 25

December 1, 2018 4:52 PM Overflowing oil production continues to dampen oilpatch outlook, prices

Upgraded synthetic crude from oilsands mines was selling at an $18.50 (U.S.) discount to WTI (it typically trades near par) and Edmonton light oil was receiving about a $23 discount (U.S.), although it is of similar quality to WTI. In an update report on Nov. 21, Scotiabank analysts said the wider-than-usual discounts will cost the Western Canadian oil industry 26

November 29, 2018 7:01 PM TD, CIBC see profit bump helped by U.S. operations but analyst reaction mixed

“Coupled with the overall miss against expectations was a surprising step back in profitability in CIBC’s U.S. operations; its platform for future growth,” he said in a note to clients. Shares of CIBC fell as much as 4 per cent Thursday to $111.41 from its previous close of $116.19 on the Toronto Stock Exchange, but was trading near $112 by early afternoon 22