News Results

Royal Bank of Canada (RY) reported fiscal Q1 adjusted earnings Thursday of 4.08 Canadian dollars per diluted share, up from CA$3.62 a year earlier. Analysts polled by FactSet expected CA$3.85. Revenue for the quarter ended Jan. 31 was CA$17.96 billion, compared with CA$16.74 billion a year earlier. Analysts surveyed by FactSet expected CA$17.52 billion. MT Newswires does not provide investment advice.

Gaming and Leisure Properties (GLPI) said late Wednesday it priced an $800 million public offering of 5.625% senior unsecured notes due March 1, 2036, at 99.857% of par value. The company expects the offering to close March 4 and plans to use the net proceeds to repay borrowings outstanding under its operating partnership's term loan credit facility, among other things.

Targa Resources (TRGP) said Wednesday it priced an underwritten public offering of $750 million total principal amount of its 4.350% senior notes due 2031 and $750 million total principal amount of its 6.050% senior notes due 2056. The company intends to close the offering on Monday, the midstream services provider said, adding that it plans to use the net proceeds for general corporate purposes.

Ryman Hospitality Properties (RHP) said late Wednesday its RHP Hotel Properties and RHP Finance units priced a $700 million private placement of 5.75% senior unsecured notes due 2034, for about $687 million in expected net proceeds.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. We increase our 12-month target price by CAD35 to CAD250, which is 17.9x our FY 27 EPS view, a premium to its five-year forward P/E of 10.7x given expected efficiency gains and improving revenue diversity. MT Newswires does not provide investment advice.

Financial stocks gained in late Wednesday afternoon trading with the NYSE Financial Index rising 1.4% and the State Street Financial Select Sector SPDR ETF advancing 1.7%. The Philadelphia Housing Index fell 2.9%, and the State Street Real Estate Select Sector SPDR ETF shed 0.7%. Bitcoin jumped 7.2% to $69,136, and the yield for 10-year US Treasuries rose 1.5 basis points to 4.05%. In economic ...

Financial stocks gained in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF ahead 1.6%. The Philadelphia Housing Index was falling 2.9%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.7%. Bitcoin was climbing 7.2% to $69,136, and the yield for 10-year US Treasuries rose 1.5 basis points to n...

Financial stocks gained in Wednesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF ahead 1.6%. The Philadelphia Housing Index was falling 3.1%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.6%. Bitcoin was climbing 7% to $68,526, and the yield for 10-year US Treasuries was slightly higher at 4.04%. In ...

Financial stocks gained in Wednesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF ahead 1.6%. The Philadelphia Housing Index was falling 3.1%, and the State Street Real Estate Select Sector SPDR ETF was shedding 0.6%. Bitcoin was climbing 7% to $68,526, and the yield for 10-year US Treasuries was slightly higher at 4.04%. In ...

The strengthening eurozone economy adds to ABN Amro's conviction that the European Central Bank will keep policy on hold for the "foreseeable" future, despite the current inflation undershoot and euro strength. The current inflation undershoot is expected to be short-lived, while the euro strength is largely driven by the US dollar, wrote the bank in a note.

There has been a clear underperformer on Wednesday and Tuesday this week so far, and that's the yen after the government announced Bank of Japan board picks to replace Asahi Noguchi at the end of March and Junko Nakagawa at the end of June, said MUFG.

The Australian consumer price index surprised a bit higher overnight Tuesday and drove a modest gain in the Australian dollar and higher local bond yields, with two-year yields up about 4bps in a mild bear flattener, Scotiabank noted.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. National Bank of Canada (NTIOF) reported Q1 FY 26 EPS of CAD3.25 vs. MT Newswires does not provide investment advice.

Societe Generale in its early Wednesday economic news summary pointed out: -- Bond yields back off technical support led by Japanese government bonds on dovish Bank of Japan board appointments, upside surprise for Australian core consumer price index, recovery in Tech stocks.

Reinsurance Group of America (RGA) said Tuesday that it priced an underwritten registered public offering of $400 million aggregate principal amount of 6.375% fixed-rate reset subordinated debentures due 2056 at an issue price of 100%. The company said it expects to close the offering on March 3 and plans to use the proceeds for general corporate purposes, including potentially refinancing debt oblig...

Financial stocks rose in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF ahead 0.4%. The Philadelphia Housing Index was 0.1% higher, and the State Street Real Estate Select Sector SPDR ETF rose 0.3%. Bitcoin was declining 0.2% to $64,528, and the yield for 10-year US Treasuries was slightly higher at 4.03%. In s...

Financial stocks rose in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF ahead 0.4%. The Philadelphia Housing Index was fractionally higher, and the State Street Real Estate Select Sector SPDR ETF rose 0.3%. Bitcoin was declining 0.2% to $64,528, and the yield for 10-year US Treasuries was slightly higher at 4.0...

Chicago Fed President Austan Goolsbee said that the FOMC should maintain its focus on inflation and should not allow it to remain elevated but acknowledged the recent slowdown in hiring and the uncertainty that businesses face after the Trump Administration's tariffs were overturned.

The Conference Board's Consumer Confidence Index rose to 91.2 in February from an 89.0 reading in January due to an increase in the expectations reading that was offset by a decline in the present situation measure. The assessment of labor force conditions improved slightly in February, but the assessment of business conditions deteriorated.

Financial stocks rose in Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF ahead 0.5%. The Philadelphia Housing Index was adding 0.3%, and the State Street Real Estate Select Sector SPDR ETF rose 0.3%. Bitcoin was declining 0.6% to $64,321, and the yield for 10-year US Treasuries was slightly higher at 4.04%. In corpor...

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the State Street Financial Select Sector SPDR ETF ahead 0.5%. The Philadelphia Housing Index was adding 0.3%, and the State Street Real Estate Select Sector SPDR ETF rose 0.3%. Bitcoin was declining 0.6% to $64,321, and the yield for 10-year US Treasuries was slightly higher at 4.04%....

The Federal Reserve must avoid easing its monetary policy further as inflation remains a key concern among businesses and consumers, Chicago Fed President Austan Goolsbee said Tuesday. Given the US economy's "solid" growth in 2025 and a largely steady labor market, Goolsbee said the focus for near-term Fed policy decisions should shift back to inflation that remains well above the 2% target.

US consumer confidence improved this month as labor market concerns eased somewhat, while inflation expectations remained elevated, the Conference Board said Tuesday. The consumer confidence index rose by 2.2 points to 91.2 in February from last month's upwardly revised 89.

Quebec's gross domestic product in November fell 0.3% month over month, marking the second consecutive monthly decline and the eighth contraction in the last 10 months, said National Bank of Canada. The performance of the Quebec economy also contrasts with that of the country as a whole, as Canadian GDP remained relatively stable in November, noted the bank.

Nigeria's central bank Tuesday said its Monetary Policy Committee decided to reduce the Monetary Policy Rate by 50bps to 26.50% MT Newswires does not provide investment advice.

Hungary's central bank Tuesday said its Monetary Council reduced rates by 25bps, as expected by the majority of economists.

With Finland and Sweden in NATO and a major rise in defense spending, Europe should be a much safer place than it used to be four years ago when Russia attacked Ukraine, said Berenberg. After all, the combined gross domestic product of the European Union, the United Kingdom and Norway is roughly ten times the size of the Russian economy, noted the bank.

The Conference Board's measure of consumer confidence rose to 91.2 in February from 89.0 in January, above a reading of 87.1 expected in a survey compiled by Bloomberg.

Governor Tiff Macklem's recent speech suggests the Bank of Canada is sticking to a script in insisting the recent weak economic growth is largely a reflection of structural shifts in the Canadian economy linked to United States tariffs and demographic change, says CIBC.

With recent economic and inflation data cooling off, the pricing of 2026 rate hikes has been stopped, and traders now see a chance of a Bank of Canada cut this year, said National Bank of Canada. But for National, the BoC is more likely to be sidelined all year as economic uncertainty and expecations around mixed data give the central bank conflicting signals.

The Case-Shiller National Home Price index fell by 0.3% in December before seasonal adjustment following a 0.1% decrease in November. National home prices were up 1.3% year-over-year, down from 1.4% in November. The 10-city index and 20-city index both declined by 0.1% in December.

The FHFA's measure of home prices rose by 0.1% in December after an upwardly revised 0.7% increase in the previous month, below a 0.3% gain expected in a survey compiled by Bloomberg. Prices rose in six of the nine regions, were down in two and unchanged in one region. Overall prices were up 1.8% from a year earlier in December.