While they make more frequent purchases and go out more often, young people generally spend less than older generations. » Read More
TORONTO _ The Toronto-Dominion Bank on Thursday reported fiscal second-quarter profit of $1.53 billion. The bank, based in Toronto, said it had earnings of 81 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.
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"What started the day on the wrong foot was the November trade data from China," said Ben Jang, portfolio manager at Nicola Wealth Management, adding that slower economic growth from China is weighing on global markets. The drop in U.S. crude oil prices below $40 a barrel has been taken as an indication that "global demand is weak," according to Ian Nakamoto, director of...
TORONTO, Dec 7- Royal Bank of Canada's shift to put more emphasis on corporate investment banking and reduce its reliance on trading should lower the volatility of its capital markets business, one of its top executives told Reuters on Monday. RBC, Canada's most valuable company by market capitalization, would be comfortable if investment banking accounts for...
TORONTO, Dec 3- Investors are overlooking forecast-topping profits reported by Canadian banks this week and choosing instead to focus on the lenders' ability to grow in a weak economy that is feeling the heat of depressed oil prices. The big unknown is how they're going to continue to grow, "said Kevin Headland, director, capital markets and strategy, at Manulife...
TORONTO, Dec 3- Canadian lender Toronto Dominion Bank reported a higher quarterly profit on Thursday, helped by growth in its domestic retail and capital markets divisions. Reuters had reported in October that the bank was laying off staff in Canada and the United States following a companywide review. Net income rose to C $1.84 billion, or 96 Canadian cents per...
Check out the companies making headlines after the bell include Micron, T-Mobile, Nordstrom & more.
U.S. stocks rallied into the close, with the Dow ending the day at a record amid encouraging economic reports on Wednesday.
TD Ameritrade said profit climbed 5.5 percent on a jump in net new assets, and forecast asset growth of 7 to 11 percent in 2015.
Some of Thursday's midday movers:
Volatile trading in stocks and bonds could continue as investors sort out what's going on with the Fed and whether markets have come to some sort of inflection point.
Check out which companies are making headlines after the bell Wednesday:
Stocks were higher across the board in thin trading Friday, with major averages struggling to close higher for the week, but gains were limited as investors hesitated to jump in amid a lack of strong catalysts to further fuel the recent rally.
Barclays was forced to name former heads Bob Diamond and John Varley, finance director Chris Lucas and other top executives and traders linked to a global rate-fixing probe, despite their calls for anonymity.
Wal-Mart said it is selling the 16 GB Apple iPhone 5 for $127, versus an original price of $189.97. However, a Wal-Mart spokeswoman said on Friday that the discounts were arranged with Apple.
NEW YORK/ TORONTO, Oct 26- Moody's Investors Service warned on Friday it could cut its ratings on five top Canadian banks on concerns about a softening economy and volatile capital markets, a blow to a banking system named the soundest in the world four years in a row.
NEW YORK-- Moody's Investors Service warned Friday that it could downgrade its debt ratings on the U.S. subsidiaries of two Canadian banks, Toronto-Dominion Bank and Bank of Montreal, after the parent companies' ratings were placed on review.
*Deal positions RBC as a leading auto lender in Canada. TORONTO, Oct 23- Royal Bank of Canada has agreed to buy the Canadian auto finance and deposit arm of Ally Financial Inc in a $4.1 billion deal to expand its vehicle-lending business at a time when loan growth overall is slowing in the country.