Latest Stock Advice
Sun Life Financial Inc. and Manulife Financial Corp. each offers a combination of solid earnings growth, ongoing share repurchases, and impressive dividend yields.
Groupe Dynamite Inc. is a high‑quality specialty retailer with gains ahead.
Teck Resources Ltd. is a solid bet on higher copper prices with its big merger winning approvals
Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
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How to identify the top copper mining stocks—and how to best to fit them into your portfolio
CANADIAN IMPERIAL BANK OF COMMERCE $96 (www.cibc.com) earned $2.55 a share in the quarter ended January 31, 2016. That’s up 8.1% from $2.36 a year earlier. Strong gains at the bank’s main personal and business banking operations offset weaker earnings from wealth management and securities trading. CIBC also increased its dividend by 2.6%; the new annual rate of $4.72 a share yields 4.9%. Buy. ROYAL BANK OF CANADA $73 (www.rbc.com) recently completed its $7.1-billion acquisition of Los Angeles-based City National Bank. This business added $53 million to its latest quarterly profits. Even so, Royal’s overall earnings fell 0.4%, to $2.45 billion from $2.46 billion a year earlier; earnings per share fell 4.2%, to $1.58 from $1.65, on more shares outstanding. These declines are mainly due to weaker results from its insurance and securities trading operations. Even so, Royal boosted its dividend by 2.5%; the new annual rate of $3.24 a share yields 4.4%. Buy. THOMSON REUTERS INC. $50 (www.thomsonreuters.com) plans to sell its intellectual property and science information businesses. It would probably apply the expected proceeds of $3 billion—equal to 8% of its $38.2-billion market cap—on share repurchases. Buy....
High U.S. dollar zips sales, earnings for Xylem Inc., but global trends should protect long-term demand
Conservative investors have many opportunities to profit from aggressive investments. Here are some tips.
Strong cash flow for Tupperware Brands Corp. should protect its dividend yield despite lower revenue because of unfavourable exchange rates.