IGM FINANCIAL INC. $45 – Toronto symbol IGM

IGM FINANCIAL INC. $45 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 251.4 million; Market cap: $11.3 billion; Price-to-sales ratio: 4.8; Dividend yield: 5.0%; TSINetwork Rating: Above Average; www.igmfinancial.com) had $148.4 billion worth of assets under management as of March 31, 2015,… Read More

Going beyond the banks for high-yielding financial stocks

In our flagship Canadian advisory, The Successful Investor, we recommend that when you select investments in the financial sector, you start by looking at Canada’s big-five banks.

But we also recommend diversifying your holdings with non-bank finance stocks. Two weeks ago, we covered one such stock… Read More

These two will ride markets higher

We feel that the current global stock market rally could continue for some time, particularly as the U.S. economy picks up steam. That’s good news for insurance companies like Great-West, which must hold a broad portfolio of securities to cover potential claims. At the same… Read More

IGM FINANCIAL INC. $55 – Toronto symbol IGM

IGM FINANCIAL INC. $55 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 252.3 million; Market cap: $13.9 billion; Price-to-sales ratio: 5.3; Dividend yield: 3.9%; TSINetwork Rating: Above Average; www. igmfinancial.com) is Canada’s largest independent mutual fund company. Power Financial Corp. (Toronto symbol PWF)… Read More

Five ETFs to buy, one to avoid

Exchange traded funds (ETFs) are set up to mirror the performance of a stock-market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index. ETFs trade on stock… Read More

POWER CORP. $29.88 – Toronto symbol POW

POWER CORP. $29.88 (Toronto symbol POW; Shares outstanding: 411.4 million; Market cap: $12.2 billion; TSINetwork Rating: Above Average; Div. yield: 3.9%; www.powercorporation.com) is a diversified holding company. It holds its financial assets through 65.8%-owned Power Financial.

These financial assets include 68.1% of Great- West Lifeco, one… Read More

Updating IGM FINANCIAL INC., ENBRIDGE INC., and ATCO LTD.

IGM FINANCIAL INC. $55 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 252.3 million; Market cap: $13.9 billion; Price-to-sales ratio: 5.3; Dividend yield: 3.9%; TSINetwork Rating: Above Average; www. igmfinancial.com) is Canada’s largest independent mutual fund company. Power Financial Corp. (Toronto symbol PWF)… Read More

Updating POWER CORP., IBM, and ENBRIDGE

POWER CORP. $29.88 (Toronto symbol POW; Shares outstanding: 411.4 million; Market cap: $12.2 billion; TSINetwork Rating: Above Average; Div. yield: 3.9%; www.powercorporation.com) is a diversified holding company. It holds its financial assets through 65.8%-owned Power Financial. These financial assets include 68.1% of Great- West Lifeco,… Read More