RBC Capital Markets lowered its price target on National Bank of Canada (NTIOF) to $148 from $152. Analyst Darko Mihelic maintained a Sector Perform rating on shares of the Montreal-based bank following its quarterly results before market open on Wednesday. The stock declined $5.70, or 3.8%, to $144.71 on the Toronto Stock Exchange.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. We increase our 12-month target price by CAD14 to CAD184, 15.3x our FY 26 EPS view, a premium to its five-year forward P/E of 10.5x given expected efficiency gains and improving revenue diversity. MT Newswires does not provide investment advice.
Financial stocks advanced in late Wednesday afternoon trading, with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund rising 0.4%. The Philadelphia Housing Index declined 0.1%, and the Real Estate Select Sector SPDR Fund added 0.6%. Bitcoin rose 1.1% to $112,194, and the yield for 10-year US Treasuries declined 1.6 basis points to 4.24%. In economic news, mortgage appli...
Financial stocks advanced in late Wednesday afternoon trading with the NYSE Financial Index gaining 0.3% and the Financial Select Sector SPDR Fund rising 0.4%. The Philadelphia Housing Index declined 0.1%, and the Real Estate Select Sector SPDR Fund added 0.5%. Bitcoin rose 0.1% to $111,956, and the yield for 10-year US Treasuries declined 2 basis points to 4.24%. In economic news, mortgage app...
New York Fed President John Williams, in an interview with CNBC, highlighted the need for central bank independence to maintain low inflation and economic stability.
Gold moved higher midafternoon on Wednesday as the dollar gave up early gains amid concerns over U.S. President Donald Trump's move to take control of the Federal Reserve board, which continues to prompt safe-haven buying.
Financial stocks advanced in Wednesday afternoon trading, with the NYSE Financial Index rising 0.3% and the Financial Select Sector SPDR Fund climbing 0.4%. The Philadelphia Housing Index declined 0.1%, and the Real Estate Select Sector SPDR Fund gained 0.4%. Bitcoin rose 0.2% to $112,013, and the yield for 10-year US Treasuries was little changed at 4.25%. In economic news, mortgage applicatio...
US equity indexes rose in midday trading on Wednesday ahead of Nvidia's Q2 results, and longer-term government bond yields climbed after Treasury Secretary Scott Bessent talked about trust issues with the Federal Reserve.
The Southeast Pennsylvania Transportation Authority implemented drastic cuts and warned that more cuts and fare hikes are on the way without state funding.
Financial stocks advanced in Wednesday afternoon trading with the NYSE Financial Index rising 0.2% and the Financial Select Sector SPDR Fund climbing 0.3%. The Philadelphia Housing Index fell 0.2%, and the Real Estate Select Sector SPDR Fund gained 0.4%. Bitcoin rose 0.2% to $112,013, and the yield for 10-year US Treasuries was little changed at 4.25%. In corporate news, Aspen Insurance (AHL) agreed ...
Big changes made by the House to a high-priority bill targeting cities and counties were rejected by the Senate, sending the measure to a conference committee.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. After reviewing Jul-Q earnings, we increase our 12-month target price by CAD32 to CAD250, 16.6x our FY 26 EPS view of CAD15.03, a wider risk premium than the peer average of 12.0x given its scale and superior earnings profile. MT Newswires does not provide investment advice.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. We increase our 12-month target price by USD22 to USD180, 16.6x our FY 26 EPS view of CAD15.03, a wider risk premium than the peer average of 12.0x given its scale and superior earnings profile. MT Newswires does not provide investment advice.
Treasury Secretary Scott Bessent told Fox Business News Wednesday that the Federal Reserve needs to be subject to internal review, using the recent allegations against Fed Governor Lisa Cook as evidence that there are trust issues with the Fed.
Today the Federal Home Loan Bank of Indianapolis announced Bonnie Arnold, director of community funding development at Martinsville-based Home Bank, was awarded the 2025 Community Spirit Award honoring exceptional contributions to affordable housing and community development in Indiana.
Canadian gross domestic product in July got a bit of a boost on Tuesday ahead of Friday's numbers for Q2, June and July GDP, said Scotiabank. Statistics Canada's advance indicator for manufacturing sales in July was reported to be up by 1.8% month over month, seasonally adjusted in nominal terms.
BGC Group (BGC) launched Wednesday an offer to exchange up to $700 million of its outstanding 6.150% senior notes due 2030 for an equivalent amount of its registered 6.150% senior notes due 2030. The company said the old notes were issued and sold in a private offering in April.
Gold edged down early Wednesday as the dollar rose even amid concerns over U.S. President Donald Trump's move to take control of the Federal Reserve board, which continues to prompt safe-haven buying.
Blazing Star Merger Sub said Wednesday that its cash tender offer and consent solicitation for all outstanding Walgreens Boots Alliance (WBA) and Walgreen notes, maturing between 2025 and 2050 has been extended to Aug. 27 from Aug. 26. The settlement date remains Aug. 28, the company said. MT Newswires does not provide investment advice.
"I have been very fortunate to contribute to a fascinating sector of the financial industry that is full of ambiguous issues and data," said Tom Doe. "I am flattered to be included in the Hall of Fame, it is a wonderful capstone to my career."
"I have been very fortunate to contribute to a fascinating sector of the financial industry that is full of ambiguous issues and data," said Tom Doe. "I am flattered to be included in the Hall of Fame, it is a wonderful capstone to my career."
Royal Bank of Canada (RY) reported third quarter results before market open on Wednesday. CIBC analyst Paul Holden said the results were "positive," and maintained an Outperformer rating and $195 price target on the stock. "RY reported a strong beat with PTPP coming in 10% above consensus," Holden said in a note to clients.
U.S. Commerce Secretary Howard Lutnick on Tuesday said the Department of Commerce will begin publishing its statistics on the blockchain, including gross domestic product. What Happened: Speaking at the White House cabinet meeting with President Donald Trump and other officials, the Commerce Secretary tied the decision directly to the administration's embrace of digital assets.
The Bank of Japan also remained on hold at the July policy meeting and Morgan Stanley sees the BoJ on hold through 2026. To get a hike this year, the bank suspects there is a need for the implementation of the United States-Japan trade agreement to remove uncertainty and boost activity, or for the yen to weaken immediately and drive higher core inflation.
Two Midwest nonprofit healthcare organizations that have run into financial difficulty this month illustrate the role of Medicare and Medicaid reimbursements.
One of the main economic developments overnight Tuesday was the release of the latest monthly consumer price index report from Australia, said MUFG. The report revealed that inflation picked up more than expected in July, rising to an annual rate of 2.8% up from 1.9% in June, wrote the bank in a note to clients.
Societe Generale in its early Wednesday economic news summary pointed out: -- US dollar broadly bid versus G10 ahead of Nvidia Q2 earnings. -- Australia's July consumer price index accelerates more than forecast to 2.8% year over year from 1.9% in June. -- Day ahead: Nvidia Q2 earnings, consensus $1.014/share.
President Donald Trump doesn't just want to lower interest rates?he wants to rebuild the Federal Reserve from the ground up. On Monday, Trump announced he was firing Fed Governor Lisa Cook "effective immediately." Cook?s term isn?t set to expire until 2038.
While issuance is up year-over-year, weeks like this can be difficult to find the right deals, said Whitney Fitts, director of municipal portfolio management at Appleton Partners.
Financial stocks rose in late Tuesday afternoon trading with the NYSE Financial Index gaining 0.3% and the Financial Select Sector SPDR Fund adding 0.6%. The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund shed 0.2%. Bitcoin added 0.4% to $110,647, and the yield for 10-year US Treasuries decreased 2 basis points to 4.26%. In economic news, President Donald Tru...
Manufacturing contraction in the US Mid-Atlantic region improved more than projected in August as shipments, new orders and employment rose, data from the Federal Reserve Bank of Richmond showed Tuesday. The composite manufacturing index advanced to minus 7 this month from minus 20 in July.
Financial stocks advanced in late Tuesday afternoon trading with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund adding 0.4%. The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund was shedding 0.3%. Bitcoin added 0.4% to $110,647, and the yield for 10-year US Treasuries decreased 2 basis points to 4.26%. In economic news, Presiden...
US consumer confidence fell in August, while 12-month inflation expectations rebounded following three straight months of easing, a report by the Conference Board showed Tuesday. The consumer confidence index dropped 1.3 points sequentially to 97.4 this month.
West Texas Intermediate crude oil closed lower on Tuesday, falling for the first session in five on high supply and a move away from risk assets as U.S. President Donald Trump attempts to fire Federal Reserve Governor Lisa Cook.
The Conference Board's Consumer Confidence Index fell to 97.4 in August from a 98.7 reading in July due to declines in both the present situation and expectations readings. The Conference Board noted that the assessment of business conditions improved slightly in the month, but that employment conditions and expectations of future job availability deteriorated modestly.
The memo, which was sent to members of Congress, recommends a second round of reconciliation that would include the repeal of the municipal bond "tax exclusion."
Gold traded higher midafternoon on Tuesday as the dollar fell and safe-haven buying rises after U.S. President Donald Trump said he is firing Federal Reserve Governor Lisa Cook as he continues to pressure the central bank to lower interest rates even as inflation continues to run hot.
Financial stocks advanced in Tuesday afternoon trading with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund adding 0.2%. The Philadelphia Housing Index was little changed, and the Real Estate Select Sector SPDR Fund eased 0.3%. Bitcoin fell 0.3% to $109,894, and the yield for 10-year US Treasuries dropped 2 basis points to 4.26%. In economic news, President Donald Tru...
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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