: iStockAnalyst.com Symbols Feed

Best International Dividend Stocks

Wed, 10 Jun 2009 16:13:00 GMT

In a previous article I provided a list with the best dividend stocks for the long run. Since the list included only US stocks several readers asked for a similar list with international dividend growth stocks instead. Furthermore, I am also looking to expand my portfolio to include at least some allocation to [More...]

Canadian And British Banks Find Access To Capital Markets

Thu, 05 Mar 2009 20:28:00 GMT

8 and yarpp.reference_ID = 6702 AND wp_posts.post_type = 'post'--> Since Lehman Brothers declared bankruptcy in September, the capital markets have been all but shut to large banks globally. Investors were spooked by the evisceration at Lehman, Washington Mutual and Wachovia to name but a few cases of near total losses. As a result, many banks have been forced to go cap in hand to the government for a bailout in order to bolster their balance sheets. Apparently, a thawing could be in the offing as more and more banks are selling shares to investors. The latest two are HSBC and CIBC. In HSBC’s case, it has been hotly debated whether HSBC[More...]

Uh-Oh, Canada

Sun, 14 Dec 2008 17:52:00 GMT

Canada is a commodity-based economy. The country has seen good times and bad times in this past year thanks to volatile crude oil prices. iShares MSCI Canada Index (ETF) (NYSE:EWC) and Royal Bank of Canada (NYSE:RY) were both on the losers list on December 2. iShares MSCI Canada (EWC) [More...]

Financials Face Massive Credit Hurdle

Wed, 27 Aug 2008 20:11:00 GMT

[More...]

Daily Report for Thu, Jul 10, 2008

Thu, 10 Jul 2008 15:37:00 GMT

Short selling returned to the market yesterday, particularly in the Financials (XLF -5.7%), Tech (XLK -3.0%) and Industrials (XLI -2.8%). Utilities (XLU +1.2%) was the one winning sector of note. Earnings Season is shaping up to be a downer.[More...]

Daily Report for Wed, Jul 09, 2008

Wed, 09 Jul 2008 12:30:00 GMT

Markets Re-cap[More...]

Shares of BCE Inc Suffered After Investors Learn Proposed LBO is in Jeopardy

Fri, 23 May 2008 20:40:04 GMT

From Staff Reports Shares of BCE Inc. (BCE) suffered their biggest downdraft in at least a quarter century yesterday (Thursday), after an unexpected court ruling threatened to derail a $53.9 ...[More...]

CIBC Credit Ratings on Negative Trend

Wed, 02 Apr 2008 22:09:55 GMT

DBRS has announced that it:[More...]

MBIA, Ambac Downgrades May Lead to Bank Rating Cuts, S&P Says

Wed, 06 Feb 2008 00:46:51 GMT

The heat on Ambac gets better, this just in from Bloomberg.com[More...]

CM Raises Equity Capital

Mon, 14 Jan 2008 20:09:57 GMT

The Canadian Imperial Bank of Commerce (CM) has announced:it expects to further enhance its capital position by raising a minimum of $2.75 billion of newly issued common equity. Specifically, CIBC has received written commitments from a group of institutional investors, including Manulife Financial Corporation, Caisse de dépôt et placement du Québec, Cheung Kong (Holdings) Ltd. and OMERS Administration Corporation, to invest, by way of a private placement, $1.5 billion in CIBC common shares. CIBC World Markets Inc. and UBS Securities Canada Inc. acted as joint bookrunners in the private placement. In addition, CIBC has entered into...[More...]

Bank of Canada Governor Says Currency Intervention to Control Loonie Has Limited Appeal

Wed, 28 Oct 2009 00:48:00 GMT

OTTAWA - Canada's central bank must be prepared to rein in the dollar if it gets too high or risk hollowing out the country's industrial base, CIBC warned Tuesday, adding to calls for Bank of Canada governor Mark Carney to intervene in currency markets.
The warning from the chief economist at Canadian Imperial Bank of Commerce (TSX:CM) comes at a time when the central bank has held out the possibility of intervention, although it hasn't said it will do so.
The Bank of Canada hasn't recently used its power to buy and sell huge quantities of Canadian dollars and other currencies to affect the loonie's value, although it has done so in years past.

[More...]

Bank of Canada Needs to Look at Intervening in Extreme Circumstances to Keep Loonie From Over Appreciating: CIBC World Markets Inc.

Tue, 27 Oct 2009 13:46:00 GMT

Over inflated Canadian dollar risks hollowing out the country's
TORONTO, Oct. 27 /CNW/ - The Bank of Canada should look to intervene at extreme times to keep the value of the loonie stable and protect Canada's manufacturing base, finds a new report from CIBC World Markets.
The report argues that by not intervening in the foreign exchange market when speculators are pushing the dollar to heights it does not believe are fundamentally sound, the Bank risks a hollowing out of the country's industrial base.

[More...]

Canadian bank warns of inflated dollar

Tue, 27 Oct 2009 12:20:00 GMT

Canadian bank warns of inflated dollar[More...]

"Domestic Momentum" Will Lift Canadian Corporate Earnings This Quarter: CIBC World Markets Inc.

Mon, 19 Oct 2009 15:49:00 GMT

Range of indicators may mitigate strong dollar
"We see profit levels north of the border benefiting from some critical offsetting factors," says Peter Buchanan, senior economist in the latest TSX Earnings Watch.
These factors should also offset or mitigate the impact of a strong Canadian dollar, Mr. Buchanan says.

[More...]

Mulholland Looks for Repairs

Mon, 12 Oct 2009 22:48:00 GMT

Oct. 12--For years, Charles Mulholland has been urging city and state officials to repair Second Street.
That is why Mulholland, 65, is running for an At-Large position on the Clinton City Council.
Following through on projects, such as Second Street, aggressively would be a priority, he said.

[More...]

Advantex Announces Fiscal 2009 Year-End Results

Mon, 28 Sep 2009 04:50:00 GMT

Total revenues up 5.7%, as CIBC Advantex Program revenues increase
TORONTO, Sept. 28 /CNW/ - Advantex Marketing International Inc. (TSX:ADX), a leading specialist in merchant funding and loyalty marketing programs, today announced its results for the fiscal fourth quarter and year ended June 30, 2009.
All references to quarters or years are for the fiscal periods and all currency amounts are in Canadian dollars unless otherwise noted.

[More...]

CIBC Chief Executive Says Credit Card Losses Could Subside into Next Year

Tue, 22 Sep 2009 19:52:00 GMT

TORONTO - Canada's credit card industry could see its losses start to subside in the coming months and growth return next year if the economy improves as expected, the CEO of Canadian Imperial Bank of Commerce (TSX:CM) said Tuesday.
"If Canadian unemployment peaks shortly, and starts to decline - and at the same time the economy performs reasonably - the probability these portfolios will continue to grow and (we) will see a dropoff in loss rates is significant," CIBC chief executive Gerry McCaughey told a webcast investor conference in Montreal.
At first glimpse, the comments from McCaughey make an obvious statement - if people are making money, they're likely to pay the outstanding bills on their charge cards.

[More...]

CIBC Chief Executive Says Credit Card Losses Could Subside into Next Year

Tue, 22 Sep 2009 15:52:00 GMT

TORONTO - Canada's credit card industry could see its losses start to subside in the coming months if the economy improves and unemployment starts to decline as expected, the CEO of Canadian Imperial Bank of Commerce (TSX:CM) says.
If the economy starts to pick up the pace in the new year as the bank expects, then industry-wide credit card loan losses could start to subside in the near term, CIBC chief executive Gerry McCaughey said Tuesday.
"If Canadian unemployment peaks shortly, and starts to decline - and at the same time the economy performs reasonably - the probability these portfolios will continue to grow and (we) will see a dropoff in loss rates is significant," McCaughey told a webcast investor conference in Montreal.

[More...]

Canada's Inflation Rate Below Zero for Third Consecutive Month in August

Thu, 17 Sep 2009 18:50:00 GMT

OTTAWA - Canada's economy is advancing at a robust rate typical of early stages of a recovery, although new inflation numbers suggest there is still room for improvement, according to Statistics Canada data released Thursday,
The country's composite leading indicators index, a broad measure of activity that's designed to show where the economy is headed in coming months, advanced an impressive 1.1 per cent last monthly.
"This is certainly a nice surprise," said TD Bank economist Charmaine Buskas.

[More...]

What It Means for the Banks

Thu, 17 Sep 2009 05:47:00 GMT

NAMA IS set to take over [euro]28 billion worth of loans from State-owned Anglo Irish Bank, which has already received [euro]3.8 billion from the Government this year.
Anglo Irish Bank was one of the biggest property lenders during the development bubble, and fears about its solvency prompted the Government to place it in State ownership in January.
Yesterday, Minister for Finance Brian Lenihan announced that Nama will take on [euro]28 billion of the loans on its book, meaning that in return it will receive that figure in Government bonds.

[More...]

Just Energy Reports Second Quarter Results

Fri, 06 Nov 2009 14:47:00 GMT

Just Energy Income Fund (TSX: JE.UN) -
Sales (seasonally adjusted) of $562.1 million, up 46% year over year.
Discussion of Distributions (thousands of dollars) For the three For the three For the six For the six months ended months ended months ended months ended September 30, September 30, September 30, September 30, 2009 2008 2009 2008 ---- ---- ---- ---- Cash flow from operations(1)(A) $24,708 $17,743 $62,503 $63,005 Net income (loss)(B) $110,690 $(923,990) $213,317 $(889,758) Total distributionsCopyright $42,839 $34,609 $77,853 $68,290 Shortfall of cash flows from operating activities over distributions paid (A-C) $(18,131) $(16,866) $(15,350) $(5,285) Excess (shortfall) of net income (loss) over distributions paid (B-C) $67,851 $(958,599) $135,464 $(958,048) (1)Includes non-cash working capital balances

[More...]

CIBC ranked among the world's best sustainability-driven companies

Tue, 15 Sep 2009 13:31:00 GMT

Named to the Dow Jones Sustainability World Index for eighth year in a row TORONTO, Sept. 15 /CNW/ - CIBC (CM: TSX; NYSE) is pleased to announce that for the eighth consecutive year the bank has been selected as a member of the Dow Jones Sustainability World Index (DJSI). The DJSI identifies leading companies for investment by assessing the quality of a company's strategy, management and performance in dealing with opportunities and risks derived from economic, environmental and social developments.[More...]

Mulvihill Premium Canadian Bank Quarterly Distributions Declared

Thu, 03 Sep 2009 15:47:00 GMT

Mulvihill Premium Canadian Bank (the "Fund") (TSX: PIC.A)(TSX: PIC.PR.A) has declared its quarterly distribution of $0.215625 on each of its Preferred Shares and $0.15 on each of its Class A shares, representing an increase of $0.05 per Class A share from the last quarter, payable October 30, 2009 to shareholders of record as of October 15, 2009.
To the extent that any portion of the distributions are ordinary taxable Dividends and not capital gains Dividends, they will be eligible Dividends.
Mulvihill Premium Canadian Bank is a mutual fund corporation which invests in the common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and The Toronto-Dominion Bank.

[More...]

Central Fund Files Base Shelf Prospectus

Mon, 31 Aug 2009 21:55:00 GMT

Central Fund of Canada Limited ("Central Fund") (TSX: CEF.A)(TSX: CEF.U)(NYSE Amex: CEF) of Calgary, Alberta is pleased to announce that it has filed a preliminary base shelf prospectus (the "Prospectus") with the securities commissions in each of the provinces and territories of Canada, except Quebec, and a registration statement with the United States Securities and Exchange Commission.
Central Fund does not presently foresee authorizing an immediate Class A Share issue.
The purpose of the filing of the Prospectus is to enable greater efficiency for Class A Share offerings in the future when conditions for issuances of Class A Shares may be considered as favorable for existing Shareholders and new subscribers.

[More...]

CIBC to redeem subordinated indebtedness

Thu, 27 Aug 2009 14:29:00 GMT

TORONTO, Aug. 27 /CNW/ - CIBC (CM: TSX; NYSE) today announced its intention to redeem all $500,000,000 of its 4.50% Debentures (subordinated indebtedness) due October 15, 2014 (the "Debentures"). In accordance with their terms, the Debentures will be redeemed at 100% of their principal amount on October 15, 2009. The interest accrued on the Debentures to the redemption date will be paid through CIBC Mellon Trust Company in the usual manner. The redemption will be financed out of the general corporate funds of CIBC.[More...]

CIBC declares dividends

Wed, 26 Aug 2009 10:42:00 GMT

TORONTO, Aug. 26 /CNW/ - (CM: TSX; NYSE) - CIBC announced today that its board of directors declared a dividend of 87 cents per share on common shares for the quarter ending October 31, 2009 payable on October 28, 2009 to shareholders of record at the close of business on September 28, 2009.[More...]

CIBC Announces Third Quarter 2009 Results

Wed, 26 Aug 2009 10:40:00 GMT

TORONTO, Aug. 26 /CNW/ - CIBC (CM: TSX; NYSE) announced net income of $434 million for the third quarter ended July 31, 2009, compared with net income of $71 million for the same period last year. Diluted earnings per share were $1.02, compared with $0.11 a year ago. Cash diluted earnings per share were $1.04(1), compared with $0.13(1) a year ago.[More...]