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Activist investors are circling: uncover dividend-paying companies with resilient payouts and strong fundamentals from TSI’s latest Globe and Mail feature.
Nutrien Ltd. offers exposure to potash and nitrogen prices, a stable retail base and strong profitability.
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
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When investing in rare earth metals, you need to look at the unique geographical and political environment the mining company produces in.
There will always be stocks you’ll wish you bought, especially after you see their growth. Here’s what to look for so you won’t miss out.
STATE STREET CORP. $70 (New York symbol STT; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 403.8 million; Market cap: $28.3 billion; Price-to-sales ratio: 2.6; Dividend yield: 1.9%; TSINetwork Rating: Average; www.statestreet.com) sells accounting and administrative services to large institutional investors, such as mutual funds and pension plans.
State Street’s fee income rises and falls with the value of the mutual funds and other securities it manages. Recent stock market weakness reduced the value of its assets under custody and administration by 4.2%, to $27.3 trillion, as of September 30, 2015, compared to the same date a year ago. Assets it manages, including exchange traded funds, fell 9.0% to $2.2 trillion.
These declines lowered the company’s revenue by 1.2% in the third quarter of 2015, to $2.65 billion from $2.68 billion a year earlier.
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State Street’s fee income rises and falls with the value of the mutual funds and other securities it manages. Recent stock market weakness reduced the value of its assets under custody and administration by 4.2%, to $27.3 trillion, as of September 30, 2015, compared to the same date a year ago. Assets it manages, including exchange traded funds, fell 9.0% to $2.2 trillion.
These declines lowered the company’s revenue by 1.2% in the third quarter of 2015, to $2.65 billion from $2.68 billion a year earlier.
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J.P. MORGAN CHASE & CO. $66 (New York symbol JPM; Income Portfolio, Finance sector; Shares outstanding: 3.7 billion; Market cap: $244.2 billion; Price-to-sales ratio: 2.6; Dividend yield: 2.7%; TSINetwork Rating: Average; www.jpmorgan chase.com) has four main divisions: Consumer and Community Banking, which includes branches and credit cards (45% of 2014 revenue, 44% of earnings); Corporate and Investment Banking, including brokerage and underwriting services (36%, 33%); Asset Management (12%, 10%); and Commercial Banking (7%, 13%). About 75% of Morgan’s revenue comes from the U.S.
The bank is selling some operations and scaling back in other areas. These moves are in response to the Federal Reserve’s plan to impose tougher capital requirements on banks it feels are too big or complex.
For example, it recently agreed to sell its Canadian credit card businesses to Bank of Nova Scotia (Toronto symbol BNS).
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The bank is selling some operations and scaling back in other areas. These moves are in response to the Federal Reserve’s plan to impose tougher capital requirements on banks it feels are too big or complex.
For example, it recently agreed to sell its Canadian credit card businesses to Bank of Nova Scotia (Toronto symbol BNS).
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WELLS FARGO & CO. $55 (New York symbol WFC; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 5.1 billion; Market cap: $280.5 billion; Price-to-sales ratio: 3.3; Dividend yield: 2.7%; TSINetwork Rating: Average; www.wellsfargo.com) operates through three divisions: Community Banking provides mortgages, loans, credit cards and other financial services (57% of 2014 revenue, 59% of earnings); Wholesale Banking supplies business loans (27%, 32%); and Wealth, Brokerage and Retirement offers wealth management, brokerage and trust services to individuals and institutions, such as pension plans (16%, 9%).
The bank gets 95% of its revenue from the U.S.
Wells Fargo recently agreed to buy the commercial lending and leasing operations of GE Capital, the financing division of General Electric (see box). These businesses offer loans to help manufacturers boost their inventory, as well as other forms of financing.
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The bank gets 95% of its revenue from the U.S.
Wells Fargo recently agreed to buy the commercial lending and leasing operations of GE Capital, the financing division of General Electric (see box). These businesses offer loans to help manufacturers boost their inventory, as well as other forms of financing.
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ALPHABET INC. (Nasdaq symbols GOOG $713 [class C: non-voting] and GOOGL $737 [class A: one vote per share]; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 680.2 million; Market cap: $491.0 billion; Price-tosales ratio: 6.8; No dividends paid; TSINetwork Rating: Above Average; www.abc.xyz) is the new parent company for Google’s Internet search business (still called Google) and other operations, such as self-driving cars and home thermostats. Each of these subsidiaries will function independently.
In the three months ended September 30, 2015, earnings gained 18.7%, to $5.1 billion from $4.3 billion a year earlier. Per-share profits rose 17.6%, to $7.35 from $6.25, on more shares outstanding. Revenue rose 13.0%, to $18.7 billion from $16.5 billion.
The number of paid clicks on advertisers’ads rose 23% in the latest quarter, helping offset an 11% drop in the average cost advertisers paid per click. More users are accessing the Internet with mobile devices, but advertisers pay lower rates for mobile ads because they’re harder to see on smaller screens.
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In the three months ended September 30, 2015, earnings gained 18.7%, to $5.1 billion from $4.3 billion a year earlier. Per-share profits rose 17.6%, to $7.35 from $6.25, on more shares outstanding. Revenue rose 13.0%, to $18.7 billion from $16.5 billion.
The number of paid clicks on advertisers’ads rose 23% in the latest quarter, helping offset an 11% drop in the average cost advertisers paid per click. More users are accessing the Internet with mobile devices, but advertisers pay lower rates for mobile ads because they’re harder to see on smaller screens.
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