Summary This Canadian Imperial Bank of Commerce Stock Analysis is the fourth of a 6 part series covering the Big 6 Canadian Banks. CM reported Q2 2017 results May 25th and its Liquidity Ratios continue to improve thus providing investors with assurances that it remains a safe bank. Growth in its residential real estate portfolio [...]
Summary This The Toronto-Dominion Bank Stock Analysis is the third of a 6 part series covering the Big 6 Canadian Banks. TD reported strong Q2 2017 results May 25th and its Capital Measure Ratios continue to be acceptable and stable. Pockets of the Canadian real estate market have been wildly overheated and a cooling appears [...]
Summary This Royal Bank of Canada Stock Analysis is the second of a 6 part series covering the Big 6 Canadian Banks. RY reported strong Q2 2017 results May 25th with earnings by business segment and by geography reflecting a marginally greater % from Wealth and the US relative to FYE2016. RY’s Capital Measure Ratios [...]
Summary This Bank of Montreal Stock Analysis is based on Q2 2017 results and is the first of a 6 part series covering the Big 6 Canadian Banks. BMO US results have raised concerns about a slowing in its US growth. BMO’s Capital Measure Ratios continue to improve thus providing investors with assurances that BMO [...]
Summary This Brookfield Asset Management Stock Analysis is based on Q1 2017 financial results reported May 11, 2017. Brookfield reported FFO of $0.674B for Q1 2017 and $3.2B on a last 12 month basis. On May 19, BAM received approval from the TSX for its proposed normal course issuer bid to purchase up to ~83 [...]
Summary This Broadridge Financial stock analysis is based on Q3 2017 and 9 month YTD results and forecast for the remainder of the current fiscal year. Broadridge Financial continues to grow its business and the NACC acquisition made in mid 2016 is already making significant contributions. Adjusted net earnings increased 11% to $0.174B of the [...]
Summary This TELUS Corporation stock analysis is based on Q1 2017 financial results and 2017 projections released May 11, 2017. TELUS reported industry-leading consolidated revenue and EBITDA growth of 2.9% and 6.4% respectively. Updated industry-leading 2017 targets reflect higher revenue and EBITDA of up to 4% and 7% respectively. The quarterly dividend, payable July 4, [...]
All dollar values in this article are in Canadian Dollars (CDN) unless otherwise noted. Summary This Intact Financial stock analysis is based on Q1 2017 results and OneBeacon proposed acquisition details which were both released May 2, 2017. Intact has an estimated 17% of Canada’s property and casualty insurance market. Management previously communicated the expansion [...]
Summary This UPS stock analysis is based on Q1 2017 results and forecast for the remainder of FY2017 which were released April 27, 2017. UPS has provided 2017 non-GAAP adjusted diluted EPS guidance of $5.80 - $6.10 with mean estimates from 26 brokers being $5.95 for FY2017. Amazon’s decision to reduce its reliance on traditional [...]
Summary This TELUS Corporation stock analysis is based on Q4 and FY 2016 financial results and 2017 projections released February 9, 2017. TELUS is Canada’s 3rd largest telecommunications company. It has outperformed its peers and the TSX from an overall return perspective over the past several years. It is currently investing heavily for sustainable L/T [...]