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.
Become a Successful Investor
Learn how to start passive income investing with dividends using a simple 5-step plan for Canadians focused on safety, income, and long-term results.
How to identify the top copper mining stocks—and how to best to fit them into your portfolio
BANK OF NOVA SCOTIA, $59.50, Toronto symbol BNS, reported better-than-expected results this week. It also raised its dividend.
For the fiscal 2016 first quarter, earnings rose 5.1%, to $1.8 billion from $1.7 billion a year earlier. Due to fewer shares outstanding, earnings per share gained 5.9%, to $1.43 from $1.35. That beat the consensus estimate of $1.42.
The bank’s revenue also beat the consensus forecast, of $6.3 billion. It rose 8.6%, to $6.4 billion from $5.9 billion.
Earnings at its Canadian banking division (49% of the total) rose 7.4%. That’s partly due to a $1.7 billion deal with J.P. Morgan Chase to buy its Canadian credit card operations. This includes MasterCard and Sears Canada credit card accounts.
The international division (31% of earnings) reported 20.9% higher profits, thanks to strong loan demand in Latin America and favourable currency rates. However, earnings at the securities-trading division (20%) fell 9.4% on higher loan-loss provisions.
...
For the fiscal 2016 first quarter, earnings rose 5.1%, to $1.8 billion from $1.7 billion a year earlier. Due to fewer shares outstanding, earnings per share gained 5.9%, to $1.43 from $1.35. That beat the consensus estimate of $1.42.
The bank’s revenue also beat the consensus forecast, of $6.3 billion. It rose 8.6%, to $6.4 billion from $5.9 billion.
Earnings at its Canadian banking division (49% of the total) rose 7.4%. That’s partly due to a $1.7 billion deal with J.P. Morgan Chase to buy its Canadian credit card operations. This includes MasterCard and Sears Canada credit card accounts.
The international division (31% of earnings) reported 20.9% higher profits, thanks to strong loan demand in Latin America and favourable currency rates. However, earnings at the securities-trading division (20%) fell 9.4% on higher loan-loss provisions.
...
BANK OF NOVA SCOTIA $57.75 (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $69.7 billion; TSINetwork Rating: Above Average; Dividend yield: 5.0%, www.scotiabank.com) is the third-largest of Canada’s five big banks. In the three months ended January 31, 2016, the bank earned $1.81 billion. That is up 5.1% from $1.73 billion a year earlier. Earnings per share increased 5.9%, to $1.44 from $1.36, on fewer shares outstanding. Revenue rose 8.6%, to $6.4 billion from $5.9 billion. Earnings at the Canadian banking division (50% of the total) rose 7.4%, mostly due to higher fee income and steady loan and deposit growth. The international division (30% of earnings) reported 21.0% higher profits, thanks to strong loan, deposit and fee growth in Latin America. However, earnings at the securities-trading division (20%) fell 9.4% on lower earnings at its U.S. investment-banking operations....
BCE INC. $57.77 (Toronto symbol BCE; Shares outstanding: 865.4 million; Market cap: $50.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%; www.bce.ca) continues to benefit from strong demand for its wireless, high-speed Internet and Fibe TV services. That’s offsetting weaker revenue from traditional telephone services. In the three months ended December 31, 2015, the company’s revenue rose 1.4%, to $5.60 billion from $5.53 billion. Per-share profits were unchanged at $0.72. During the quarter, the company added 91,308 wireless subscribers under long-term contracts. That’s down from 118,120 a year earlier, mainly due to strong competition over the winter holiday. However, smartphone users now account for 78% of these customers, up from 76% a year earlier. That’s good news, as smartphones generate higher monthly fees than regular cellphones....
BROOKFIELD RENEWABLE ENERGY PARTNERS L.P. $37.27 (Toronto symbol BEP.UN; Units outstanding: 265.2 million; Market cap: $10.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.6%; www.brookfieldrenewable.com) owns 207 hydroelectric generating stations, 37 wind farms and five natural gas-fired plants. In all, it has over 7,284 megawatts of generating capacity. Roughly 24% of that capacity is in Canada, with another 50% in the U.S., 13% in Latin America and 8% in Europe. In the three months ended September 30, 2015, Brookfield’s cash flow per share rose 2.2%, to $0.46 from $0.45 a year earlier....