The Federal Reserve's approval of the rule sends a clear signal, bank analyst Mike Mayo of CLSA says.» Read More
*RBC raises Keyera Corp price target to C $53 from C $52; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*National Bank Financial raises Keyera Corp price target to C $54 from. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
TORONTO, Oct 1- Canada's main stock index rose moderately on Monday, after touching a one-week high, as optimism over better-than-expected U.S. data was tempered by signs of economic weakness in Asia and evidence of a new recession in the euro zone. Federal Reserve and the European Central Bank.
TORONTO, Oct 1- Canada's main stock index hit its highest level in more than a week on Monday, starting the new quarter on positive ground as U.S. economic data surprised to the upside and investors bet on continued support from central banks.
Oct 1- Canada's main stock index looked set to open higher on Monday at the start of the quarter, with investors hoping for aggressive action from central banks after economic data from Asia and Europe showed further signs of slowing global growth.
Oct 1- Keyera Corp said it plans to invest C $210 million to boost recoveries of ethane and other high-margin natural gas liquids at the Rimbey gas plant in west central Alberta. Keyera said the expansion will allow it to recover more than 90 percent of the ethane from the plant, one of the largest natural gas midstream businesses in western Canada.
*Announces $210 million investment in turbo expander at rimbey gas plant to. *Extracted ethane will be sold to a large consumer in Alberta under a long. *Project will allow Keyera to recover over 90% of the ethane at the rimbey gas.
*TD Securities raises Keyera Corp price target to C $48 from C $47. Reuters Station users, click. 1568 For a summary of rating and price target changes on Canadian companies:. Reuters Station users, click. 4899 ().
“Most regional bank stocks don’t offer much upside given their current valuations,” according to Citigroup analyst Keith Horowitz.
Take a look at some of Friday's morning movers:
Karen Mills, head of the Small Business Administration, talks about the challenges and importance of loaning to small businesses, and being a part of the Cabinet.
Discussing the drama surrounding JPMorgan's trading loss and how to make money in the banking industry, with Matt O'Connor, Deutsche Bank analyst.
Stronger fixed income, currencies and commodities trading will help major U.S. banks overcome weakness in equities, but things will not be as good as the boom years of the past.
Take a look at some of Wednesday morning’s early movers:
In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most institutions, the New York Times reports.
Ahead of the Fed's stress tests results on March 15, analysts expect almost all of the largest banks to pass the test — but here are four that are expected to have the highest payout ratio for dividends and buybacks, reports TheStreet.
If the U.S. stock market ever got back to “normal,” a lot of companies already doing well would do even better, BTIG chief global analyst Dan Greenhaus told CNBC.
Banks landed on the trader radar after Warren Buffett told CNBC, “American banks are, in many ways, in the best shape they’ve ever been in.”
While the whole market came off its earlier highs (Dow was up almost 150 points right after the open), financials led the decline shortly after 2pm ET, when many big names went into the red, and not just JPMorgan or Citi, both down all day. I said it this morning, I'll say it again: bank earnings estimates for 2012 look too high to me.
Stocks accelerated their losses in the final hour trading to finish near session lows Wednesday amid ongoing concerns over the global economy and as investors cautiously waited for further developments in the euro zone.