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Fintech Focus For November 4, 2020
Tuesday, November 3, 2020 - 8:01pm | 1908Read More...Quote Of The Day: The question isn't who is going to let me; it's who is going to stop me. - Ayn Rand Fintech Movers: Voice technology has the potential to improve financial services in more ways than just convenience and accessibility. - SDK.finance Alameda invests $3M in 3Commas. Schwab...
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The Street Reacts To BlackBerry's Cylance Acquisition
Monday, November 19, 2018 - 12:42pm | 632Read More...Canada-based BlackBerry Ltd (NYSE: BB) reached an agreement last week to acquire Cylance, a threat detection cybersecurity company with a specialty in artificial intelligence. Here's how the sell-side reacted to BlackBerry's largest M&A move to date. The Analysts CIBC...
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BlackBerry Still Has Work To Do After $815-Million Settlement With Qualcomm
Thursday, April 13, 2017 - 12:04pm | 317Read More...BlackBerry Ltd (NASDAQ: BBRY) saw its stock soar higher on Wednesday after the company was on the winning end of an $815 million settlement in a dispute with QUALCOMM, Inc. (NASDAQ: QCOM) for royalty over payments. Todd Coupland, an analyst at CIBC's Institutional Equity Research, felt the...
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CIBC Ups Kinross Gold Target, Sees $2.80 Share Price
Thursday, February 11, 2016 - 10:46am | 219Read More...CIBC’s David Haughton maintained a Sector Performer rating for Kinross Gold Corporation (USA) (NYSE: KGC), while raising the price target from $2.35 to $2.80. The company reported robust operating results for 4Q, with production of 624K GEO at cash costs of $688 per GEO, beating the CIBC...
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Making Sense Of The Enormous BMO-GE Deal
Friday, September 11, 2015 - 12:37pm | 387Read More...Bank of Montreal (USA) (NYSE: BMO) announced it will acquire General Electric Company (NYSE: GE)'s Transportation Finance Business in the US and Canada. Analysts at CIBC note the deal is a "positive" for Bank of Montreal. The deal is expected to be accretive (three percent annualized) to Bank of...
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Rumors Surround Potash, But What's Wall Street Saying?
Tuesday, September 8, 2015 - 2:18pm | 526Read More...Shares of Potash Corp./Saskatchewan (USA) (NYSE: POT) were trading higher by nearly 1 percent early Tuesday afternoon following unconfirmed news reports the company may be prepping to undertake an unfriendly takeover of German salt and fertilizer company K+ S AG (K PLUS S AG ADR (OTC: KPLUY)) K+ S...
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Bay Street Analysts Still Like Silver Wheaton
Thursday, July 9, 2015 - 8:13am | 296Read More...Shares of Silver Wheaton Corp. (NYSE: SLW) plunged to a new 52-week low of $15.18 on Tuesday after the company received a proposal letter from the Canadian Revenue Agency (CRA) in which it argued the company's profits earned by foreign subsidiaries should be subject to tax in Canada. The CRA noted...
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Canadian-Based Jean Coutu Is Getting Cut On Bay Street
Wednesday, July 8, 2015 - 2:19pm | 380Read More...Canadian-based Jean Coutu Group PJC (OTC: JCOUF) is a drugstore operator with over 360 locations in New Brunswick, Ontario and Quebec. Its stock also trades on the Toronto Stock Exchange under the ticker "PJC.A." Shares of Jean Coutu traded at new 52-week lows on the Toronto Stock Exchange as...
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Analysts Hesitant On BlackBerry Following Weak Earnings
Wednesday, June 24, 2015 - 4:17pm | 547Read More...BlackBerry Ltd (NASDAQ: BBRY) released weaker-than-expected Q1 earnings on Monday, prompting a dip in the company's stock. Nevertheless, there were a few bright spots in the report, including positive signs for the tech firm's software business. The mixed signals have analysts on the...
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CIBC Analyst: BlackBerry Turnaround Has A Ways To Go...It's 'Too Early' To Know If It Will Work
Wednesday, June 24, 2015 - 9:51am | 195Read More...In a report published Wednesday, CIBC analyst Todd Coupland maintained a Sector Underperformer rating on BlackBerry Ltd (NASDAQ: BBRY), with a price target of $6.25, citing the company's weak software sales. Blackberry's FQ1 results missed expectations. "The headline software revenue, while ahead...
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CIBC Upgrades Mosaic To Sector Perform
Thursday, April 2, 2015 - 9:29am | 56Read More...CIBC upgraded Mosaic Company (NYSE: MOS) from Sector Underperform to Sector Perform. The price target for Mosaic is set to $47. Mosaic shares have dropped 7.99% over the past 52 weeks, while the S&P 500 index has surged 9.05% in the same period. Mosaic shares closed at $45.46 in pre-market...
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Analysts Say BlackBerry 'Still In The Woods,' Stock Up Anyway
Friday, June 20, 2014 - 1:47pm | 257Read More...BlackBerry (NASDAQ: BBRY) gained nine percent after opening sharply higher Friday when it posted a narrower-than-expected quarterly loss. Despite BlackBerry's relatively rosy first-quarter revenue of $966 million and an adjusted loss of $0.11 per share, analysts were largely unmoved. But...
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Canadian Bank Earnings Season Off to a Strong Start (BNS, BMO, RY)
Tuesday, August 28, 2012 - 5:09pm | 492Read More...Two of Canada's largest banks Tuesday posted unexpectedly strong third-quarter results and offered up surprise dividend increases, setting the stage for more reports from Canadian lenders on Thursday. Bank of Nova Scotia (NYSE: BNS), the country's third biggest by assets, saw a record profit of 2....
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Will Friday's Jobs Beat Set Up Disappointment For Next Month?
Friday, February 3, 2012 - 4:03pm | 530Read More...Investors were energized this morning on a jobs report that blew consensus estimates out of the water. Markets had braced for potentially bad news on expectation of employment corrections on the heels of the holiday season - and the temporary jobs it was thought to have brought. Will the stronger...
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CIBC Upgrades Newmont Mining to Sector Performer
Monday, January 9, 2012 - 10:53am | 40Read More...CIBC has upgraded Newmont Mining (NYSE: NEM) from Sector Underperformer to Sector Performer. NEM was downgraded by Deutsche Bank this morning already.
