Here''s why Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and Royal Bank of Canada (TSX:RY)(NYSE:RY) are two top bank stocks to buy now. The post 2 TSX Bank Stocks Worth a Long-Term Bet Right Now appeared first on The Motley Fool Canada .
AT&T Inc. said Friday it was keeping its quarterly dividend at 27.75 cents a share, payable Nov. 1 to shareholders of record on Oct. 10. With the telecommunications and media company''s stock down 0.8% in afternoon trading, the annual dividend rate implies a dividend yield of 7.21%, which compares with the yield for the SPDR Communication Services Select Sector ETF of 1.17% and the implied yield for the S&P 500 of 1.83%, and the yield of the 10-year Treasury note of 3.742%. AT&T''s stock was the ninth-highest yielding stock in the S&P 500, behind leaders communications services company Lumen Technologies Inc. at 13.67% and oil and gas exploration company Pioneer Natural Resources Co. at 10.78%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hi. Aaron Weinman here. BlackRock''s bullish stance on all things environmental, social, and governance has drawn criticism from a number of politicians, both conservative and progressive. Those on the left of the aisle argue the asset manager could do more to support a transition to a low-carbon economy, while conservatives reckon BlackRock''s position on the climate crisis ostracizes heavy-carbon emitting industries. BlackRock''s head of international and corporate strategy, Mark Wiedman, told a conference panel that helping finance the transition is an integral way to grow the firm''s private-equity unit, and by extension, its alternative-assets business. Before we get into that, however, it''s also time for our Banker of the Week! If this was forwarded to you, sign up here . Download Insider''s app here . 1. BlackRock is after new ways to finance the energy transition. Mark Wiedman, a top executive at the firm, said such an effort could bring together the firm''s private equity, infrastructure, and credit capabilities.
Lumen CEO, Jeff Storey, will retire in November, roiling the stock. LUMN is in the midst of divesting businesses for over $10 billion. Click here to read more.
The discussion in this article is anchored around a comparison between AT&T and Lumen. Read to see why I think T stock is in a better position than LUMN.
Lumen Technologies (LUMN) has established a new subsea fiber route between the U.S. and France.
Grace Hopper subsea cable ups capacity, connects Lumen landing stations in the U.S. and U.K. DENVER, Sept. 21, 2022 /PRNewswire/ -- One year after Lumen Technologies (NYSE: LUMN) established a new…
After inflation numbers were reported, Lumen Technologies’ free cash flow multiple has dropped. Read more to see why investors should buy this LUMN stock at current prices.
Lumen Technologies, Inc. (NYSE:NYSE:LUMN) Goldman Sachs 2022 Communacopia + Technology Conference September 15, 2022 1:45 PM ET Company Participants Chris Stansbury - EVP & CFO…
Lumen Technologies Inc. (LUMN)’s stock is trading at $8.93 at the moment marking a fall of -0.28% from the last session close. As of this writing, shares are priced at -38.43% less than their 52-week high of $14.49, and -0.17% over their 52-week low of $8.94. Based on the past 30-day period, the stock price […]
The right dividend stock picks can offer a little safety in difficult times. These definitely are difficult times and investors are understandably worried. Economic headwinds persist with war in Europe, global supply chain constraints and inflation that continues to run at 40-year highs in the U.S. This reality continues to gyrate equity markets. After suffering their worst first-half decline since 1970, U.S. markets enjoyed a brief summer rally in July before trending lower again. Year to date, the benchmark S&P 500 index is down 17% while the Nasdaq is down 26% and firmly in bear market territory. In the current market downturn, investors, particularly those close to retirement, are searching for dividend stock picks that are solid safe harbors. Protecting savings while earning income is of paramount importance. This is where dividend stocks come into play. Stocks with high-yielding dividend payments can be an important source of income for investors, particularly when retired and living on a fixed income.
Anti-Green Blowback: T. Rowe Says "Increasing Difficult To Find Credible" ESG Bonds Some money managers are waking up to Wall Street''s ESG scam meant for green-minded investors who pretended to care about the environment but had found a quick and efficient way of fast-tracking gains. We''ve called this scam out during the ESG boom days early in the pandemic (see from Feb 2020 " Behold The "Green" Scam " and from April 2020 " The Fraud That Is ESG Strikes Again: Six Of Top 10 ESG Funds Underperform The S&P500 " ). Now Matt Lawton, T. Rowe Price Group Inc.''s sector portfolio manager in the Fixed Income Division, has come out in an interview, slamming sustainability-linked bonds, or SLBs. He said these green corporate bonds are examples of the most "egregious behavior" by Wall Street banks and companies who take advantage of skyrocketing demand for green investments. "It''s becoming increasingly difficult to find credible SLBs ," Lawton said in an interview quoted by Bloomberg . "The banks are pitching these structures really hard so I definitely approach them with a healthy degree of skepticism ." Companies have been rushing to issue SLBs to exploit cheaper borrowing costs due to the high velocity of money flowing into ESG investment funds.
In this article, we discuss the 5 biggest losers of this morning. If you want to check out some more stocks losing value on Tuesday, go directly to 10 Biggest Losers Today. 5. Lumen Technologies, Inc. (NYSE:LUMN) Number of Hedge Fund Holders: 42 Lumen Technologies, Inc. (NYSE:LUMN) named its new chief executive officer this morning. […]
Kate Johnson has been appointed as president, CEO and a member of the board of directors at Lumen Technologies (LUMN).Johnson will succeed Jeff Storey, who is retiring after a…
Lumen Technologies Inc. said Tuesday Chief Executive Jeff Storey will step down from his role and retire, after a 40-year career in the telecommunications and technology industries. The telecommunications company said it named Kate Johnson as its new CEO, with the transition date expected to be Nov. 7. Johnson most recently led Microsoft Corp.''s largest business, Microsoft U.S., for the past four years. Storey will remain with the company through Dec. 31, 2022. Lumen''s stock, which was still inactive in premarket trading, has dropped 19.8% year to date, while the S&P 500 has lost 13.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Although the technology sector remains embattled heading into the fall, the red ink opens opportunities for the best tech stocks to buy in September. To be fair, the narrative for the innovation space presents significant challenges. Glaringly, the Nasdaq Composite shed 26.5% on a year-to-date basis heading into the first full week of September. In contrast, the benchmark S&P 500 dipped 18% during the same period. Neither indicator brings much joy to investors. However, to the battle-hardened speculator, the best tech stocks to buy bring a magnitude of excitement that’s rarely matched. Primarily, while these companies suffer from market headwinds, over time, their underlying businesses could become extraordinarily relevant. Moreover, investors seeking maximum growth potential likely won’t find it trading in relatively safe categories. While not every firm tied to innovation stands poised for robust returns, the economy incorporates more digitalization, not less. Therefore, if you have the patience and stomach for volatility, these may be the best tech stocks to buy in September.
Lumen Technologies, Inc. (NYSE:NYSE:LUMN) Bank of America Media, Communications & Entertainment Conference 2022 September 7, 2022 12:30 AM ET Company Participants Chris Stansbury -…
Lumen Technologies Inc. (NYSE:LUMN) price is hovering higher on Wednesday, September 07, jumping 1.03% above its previous close. A look at today’s price movement shows that the recent level at last check reads $9.67, with intraday deals fluctuating between $9.58 and $9.91. The company’s 5Y monthly beta was ticking 1.01 while its P/E ratio in … Lumen Technologies Inc. (NYSE: LUMN) Is Down -22.95% So Far This Year. Analysts Expect A Significant Price Rally Read More »
Lumen Technologies is one of the US'' largest communications companies. Lumen offers a 10% dividend yield. Click here to read our analysis of LUMN stock.
There are two main reasons why moving averages are useful in forex trading: moving averages help traders define trend recognize changes in trend. Now well have a look on, SMA50 … The post This stocks Will Rock You: Pinduoduo Inc. (NASDAQ:PDD -7.72%), Lumen Technologies, Inc. (NYSE:LUMN -1.83%) appeared first on Stocks Equity .
Lumen''s annual dividend yield now back in double digits and asset sales allow for significant debt repayment. Click here to read our analysis of LUMN stock.
Lumen Technologies and AT&T are two high yield telecommunications companies. Read more to find out if LUMN or T stock is a better buy at the moment.
In the current trading session, Lumen Technologies Inc.’s (LUMN) stock is trading at the price of $9.92, a fall of -0.40% over last night’s close. So, the stock is trading at a price that is -31.56% less than its 52-week high of $14.49 and 6.55% better than its 52-week low of $9.31. Based on the […]
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / GROSS PROCEEDS OF PREVIOUSLY ANNOUNCED CONVERTIBLE DEBENTURE FINANCING INCREASED TO $155 MILLION TORONTO , Aug. 31, 2022 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH ) ("NorthWest" or the "REIT") announced today the issuance of an additional $20.25 million aggregate principal amount of 6.25% convertible unsecured subordinated debentures of the REIT. The issuance was pursuant to the exercise in full of an over-allotment option (the "Over-Allotment Option") granted by the REIT to a syndicate of underwriters co-led by RBC Capital Markets and Scotiabank in connection with the REIT''s recent offering of 6.25% convertible unsecured subordinated debentures, on a bought deal basis (the "Offering"), which closed on August 25, 2022 . The exercise of the Over-Allotment Option increases the total gross proceeds of the Offering to $155.25 million . For more information on the Offering, please refer to the REIT''s news release issued on August 25, 2022 .
Oil and gas supermajors are on course to repurchase their shares at near-record levels this year thanks to soaring oil and gas prices helping them to deliver bumper profits and boost returns for investors. According to data from Bernstein Research, the seven supermajors–including ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), BP (NYSE: BP) and Shell (NYSE: SHEL)--are poised to return $38bn to shareholders through buyback programmes this year, with investment bank RBC Capital Markets putting the total figure even higher, at $41bn. …
The latest Canadian banking sector earnings season continues to surprise investors. While some of the largest Canadian banks, like Royal Bank of Canada and Bank of Nova Scotia, continue to disappoint investors by missing analysts’ estimates, some smaller banks are continuing to beat expectations. In this article, I’ll talk about the latest quarterly results of […] The post Bank Earnings: 1 of the Best Canadian Bank Stocks for Beginners to Buy Now – The Motley Fool Canada appeared first on Canada News Media .
RY earnings call for the period ending June 30, 2022.
TORONTO — Canada’s main stock index rose on Wednesday as resource shares climbed and despite rising bond yields as well as disappointing earnings from Royal Bank of Canada, the country’s biggest bank. The Toronto Stock Exchange’s S&P/TSX composite index ended up 36.03 points, or 0.2%, at 20,021.38. Wall Street also rose as investors awaited the […]
Net income at the Toronto-based bank dipped by double digits during the fiscal third quarter. But the company''s U.S. operations, including City National Bank in Los Angeles, fared better.
Futures Flat After Hawkish Fed Comments, Dollar Ascent Resumes The downbeat market mood continued for a fourth day, with US stock futures turning red and erasing earlier gains after a three-day drop saw the S&P 500 lose $1.4 trillion in market capitalization amid renewed concerns about a hawkish Fed and a potential J-Pow bomb during Friday''s J-Hole symposium (that said, with expectations so bearish, there is almost no way Powell can sound hawkish). S&P 500 futures dropped 0.1% at 7:00am ET after falling as much as 0.5%. Nasdaq 100 futures were also modestly red as the yield on the 10-year Treasury hit 3.05%. The US dollar reversed yesterday''s sharp drop and extended its recent surge as the EURUSD resumed its plunge trading ever farther from parity, and at 0.992 last. Oil meanwhile has continued its ascent, pushing Brent above $100, and leading to the first Diesel price increase at the Pump since mid-June. “Globally we haven’t seen a deceleration like this that has been so synchronized in many decades,” Frances Stacy, director of strategy at Optimal Capital Advisors LLC, said on Bloomberg Television. “I don’t want to be directional” in picking trades, she added.
Companies Reporting Before The Bell • CNFinance Hldgs (NYSE: CNF ) is estimated to report quarterly earnings at $0.03 per share on revenue of $69.74 million. • iMedia Brands (NASDAQ: IMBI ) is estimated to report quarterly loss at $0.22 per share on revenue of $154.45 million. • Royal Bank of Canada (NYSE: RY ) is estimated to report quarterly earnings at $2.68 per share on revenue of $9.43 billion. • TDCX (NYSE: TDCX ) is likely to report quarterly earnings at $0.17 per share on revenue of $114.16 million. • ATRenew (NYSE: RERE ) is expected to report quarterly loss at $0.44 per share on revenue of $348.85 million. • Hoegh LNG Partners (NYSE: HMLP ) is expected to report quarterly earnings at $0.37 per share on revenue of $35.19 million. • StealthGas (NASDAQ: GASS ) is estimated to report quarterly earnings at $0.18 per share on revenue of $36.20 million. • Petco Health and Wellness (NASDAQ: WOOF ) is likely to report quarterly earnings at $0.23 per share on revenue of $1.49 billion.
Royal Bank of Canada (NYSE: RY ) is set to give its latest quarterly earnings report on Wednesday, 2022-08-24. Here''s what investors need to know before the announcement. Analysts estimate that Royal Bank of Canada will report an earnings per share (EPS) of $2.68. Royal Bank of Canada bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted … Full story available on Benzinga.com
BRAMPTON, ON , Aug. 22, 2022 /CNW/ - (TSX: L ) – Today, Loblaw Companies Limited ("Loblaw" or the "Company") announced that it has agreed to issue, on a private placement basis to qualified accredited investors in each of the Provinces of Canada , $800 million aggregate principal amount of senior unsecured notes of the Company in two series (the "Offering"). The Offering includes (i) $400 million aggregate principal amount of series 2032 notes that will bear interest at a rate of 5.008% per annum and will mature on September 13, 2032 , and (ii) $400 million aggregate principal amount of series 2052 notes that will bear interest at a rate of 5.336% per annum and will mature on September 13, 2052 (collectively, the "Notes"). The Notes are being offered on an agency basis by a syndicate of agents led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets and Scotia Capital. Subject to customary closing conditions, the Offering is expected to close on September 13, 2022 .
Key Events This Week: All Eyes On J-Pow''s J-Hole Speech Now that Q2 earnings season is officially over, and liquidity is especially dismal with more than half of Wall Street pros on vacation, the annual plenary of the global central bank cognoscenti kicks off in Jackson Hole this week. As DB''s Tim Wessel puts it, the main macro event of the deep dog days of summer – where this year’s theme is “Reassessing Constraints on the Economy and Policy” – will be kicked off by Jerome Powell’s remarks on Friday morning. Commenting on the week''s main event, Bloomberg''s Garfield Reynolds writes that equity investors may be more on edge than normal going into this year’s Jackson Hole gathering as there is plenty of anticipation Powell "will push back hard against the considerable loosening in financial conditions, a decent part of which has involved the strong rebound rallies in equities." As Reynolds further notes, the dollar just had its biggest weekly gain since the pandemic and the risks look skewed toward the upside as "stocks globally have been moving inversely in line with the dollar, so if the greenback busts out to fresh record highs it’s likely equities would make fresh lows" and " s hares are a lot further away from this cycle’s troughs than the dollar is from recent peaks." That said, while the strength of the USD last week suggests that a J-Hole "Hawk-ano" is a popular market view, there are whispers that Powell will be more cognisant of the impact of USD strength on other economies and may therefore chose not to project an overly hawkish view.
/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES / TORONTO , Aug. 22, 2022 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE ) (" Chemtrade " or the " Fund ") announced today that it has completed its previously-announced public offering of trust units (" Trust Units ") at a price of $8.65 per Trust Unit. The underwriters elected to exercise the over-allotment option in full, resulting in a total of 10,005,000 Trust Units being issued today for gross proceeds of approximately $86.5 million (the " Offering "). The Trust Units were sold to a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, and which included CIBC Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc. and Desjardins Securities Inc. (collectively, the " Underwriters "), on a bought deal basis. Chemtrade intends to use the net proceeds from the Offering to partially finance Chemtrade''s previously announced ultrapure sulphuric acid growth projects to expand capacity at its existing Ohio plant and to build a new plant in Arizona .
Since the start of the COVID-19 pandemic in March 2020, many companies around the globe had their employees working remotely or from home. Two years later, many companies are asking for employees to return to the office, at least part-time. Employers believe that being in an office setting drives creativity, boosts productivity and helps embrace diversity. Two that are pushing for a return to the office are JPMorgan Chase & Co (NYSE: JPM ) and Royal Bank of Canada (NYSE: RY ). JPMorgan Chase CEO Jamie Dimon recently blasted working from home and Zoom Video Communications Inc (NASDAQ: ZM ) by calling it “management by Hollywood Squares.” Dimon referred to this old TV show during a call with the bank clients last week to reiterate his long-held preference for in-office working. Dimon also argued on the … Full story available on Benzinga.com
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./ TORONTO , Aug. 17, 2022 /CNW/ - (TSX: SBC ) (TSX: SBC ) Brompton Split Banc Corp. (the "Company") is pleased to announce it is undertaking an overnight treasury offering of class A and preferred shares (the "Class A Shares" and "Preferred Shares", respectively). The sales period for this overnight offering will end at 9:00 a.m. (ET) on Thursday , August 18, 2022. The offering is expected to close on or about August 25, 2022 and is subject to certain closing conditions including approval by the Toronto Stock Exchange ("TSX"). The Class A Shares will be offered at a price of $12.20 per Class A Share for a distribution rate of 9.8% on the issue price, and the Preferred Shares will be offered at a price of $10.00 per Preferred Share for a yield to maturity of 7.9%. (1) The closing price on the TSX for each of the Class A and Preferred Shares on August 16, 2022 was $12.65 and $9.99 , respectively. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company ("Unit") (calculated as at August 11, 2022 ), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.
TSX: NWH.UN /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / TORONTO , Aug. 17, 2022 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH ) ("NorthWest" or the "REIT") is pleased to announce that, due to strong demand, it has increased the size of its previously announced public offering, on a "bought deal" basis, of convertible unsecured subordinated debentures (the "Debentures") to $135 million . The Debentures are being offered to the public at a price of $1,000 per Debenture, with an interest rate of 6.25% per annum, payable semi-annually on the last date of August and February commencing on February 28, 2023 (the "Offering"). The Debentures will mature on August 31, 2027 . The Offering is being made through a syndicate of underwriters co-led by RBC Capital Markets and Scotiabank. The REIT has also granted the underwriters the option to purchase up to $20.25 million principal amount of additional Debentures at a price of $1,000 per Debenture to cover over-allotments, exercisable in whole or in part anytime up to 30 days following closing of the Offering.
CALGARY, AB , Aug. 17, 2022 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA ) today announced that it has closed its previously announced offering of $250 million of 7.35% Fixed-to-Fixed Rate Subordinated Notes, Series 2 due August 17, 2082 (the " Offering "). The Company intends to use the net proceeds of the offering to redeem or repurchase its outstanding cumulative redeemable five-year rate reset preferred shares, series C (TSX: ALA ). The subordinated notes are being offered through a syndicate of underwriters, co-led by BMO Capital Markets, RBC Capital Markets and Scotiabank, under AltaGas'' short form base shelf prospectus dated February 22, 2021 , as supplemented by a prospectus supplement dated August 4, 2022 . This news release does not constitute an offer to sell or the solicitation of an offer to buy the subordinated notes in any jurisdiction. The subordinated notes have not been approved or disapproved by any regulatory authority. The subordinated notes have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold within Full story available on Benzinga.
TSX: NWH.UN /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / TORONTO , Aug. 16, 2022 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH ) ("NorthWest" or the "REIT") announced today a public offering, on a "bought deal" basis, of $125 million principal amount of convertible unsecured subordinated debentures (the "Debentures"), at a price of $1,000 per Debenture, with an interest rate of 6.25% per annum, payable semi-annually on the last date of August and February commencing on February 28, 2023 (the "Offering"). The Debentures will mature on August 31, 2027 . The offering is being made through a syndicate of underwriters co-led by RBC Capital Markets and Scotiabank. The REIT has also granted the underwriters the option to purchase up to $18.75 million principal amount of additional Debentures at a price of $1,000 per Debenture to cover over-allotments, exercisable in whole or in part anytime up to 30 days following closing of the Offering.
Investors can trust top TSX stocks like Royal Bank of Canada (TSX:RY)(NYSE:RY) and Fortis Inc. (TSX:FTS)(NYSE:FTS) for the next 30 years. The post 3 TSX Stocks to Hold for the Next 3 Decades appeared first on The Motley Fool Canada .
Royal Bank of Canada will seek to have its employees come to the office more frequently, an early sign that the country’s big banks may follow their US rivals in cutting back on remote work.
Royal Bank of Canada (RY) topped analyst estimates in Q2 amid strong lending growth and a further release of COVID-19 loan loss provisions. Read more here.
These corporate claims were filed with the BC Supreme Court registry in Vancouver. Information is derived from notices of civil claim. Civil claims have not been tested or proven in court. Defendants Janice Hiu Yan Ting and Jeffery Ting and Un Tro Business Development and Ephrathei De Bethleem Developments Ltd. Plaintiff Bank of Montreal Claim $605,578 for debt arising from loans advanced to defendants based on “false pretences and misrepresentations.” Defendants Daniel Siu Keung Pang and Daniel Pang Personal Real Estate Corp. and Multiplicamini Holdings Ltd. Plaintiff Bank of Montreal Claim $547,828 for debt arising from loans advanced to defendants based on “false pretences and misrepresentations.” Defendants John Doe and Jane Doe also known as the person identified as account holder “RML” at Canadian Imperial Bank of Commerce Plaintiff Happy Planet Foods Inc. Claim $570,701 for the return of funds fraudulently obtained from plaintiff’s account by an impostor who posed as one of the plaintiff’s suppliers.
Equities research analysts at Desjardins dropped their FY2022 earnings per share (EPS) estimates for shares of Royal Ban … Read Full Story at source (may require registration) The post Equities Analysts Set Expectations for Royal Bank of Canada’s FY2022 Earnings (TSE:RY) appeared first on ForexTV .
Related Stocks: BMO , BNS , CM , RY , TD ,
Investor Conference Call on August 11, 2022 at 8:00 a.m. ET TORONTO , Aug. 10, 2022 /CNW/ - Baylin Technologies Inc. (TSX: BYL ) (the "Company" or "Baylin"), a diversified global wireless technology company focused on research, design, development, manufacture and sales of passive and active radio frequency products, satellite communications products, and supporting services, today announced its financial results for the three and six months ended June 30, 2022. All amounts are stated in Canadian dollars unless otherwise indicated. SECOND QUARTER SUMMARY Revenue of $30.1 million in the second quarter of 2022, an increase of $8.5 million or 39.4% compared to the second quarter of 2021. The increase was primarily due to stronger sales across all the business lines despite continuing supply chain disruptions, chipset shortages and the COVID-19 pandemic, which also negatively impacted revenue in the prior year period. Gross profit of $9.0 million in the second quarter of 2022, an increase of $12.5 million compared to a gross loss of $3.5 million in the second quarter of 2021.
Related Stocks: SJR , GSK N , BAM , GSK , RY ,
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./ TORONTO , Aug. 8, 2022 /CNW/ - Sun Life Financial Inc. (TSX: SLF ) (NYSE: SLF ) (the "Company") announced today that it intends to issue in Canada $650 million principal amount of Series 2022-1 Subordinated Unsecured 4.78% Fixed/Floating Debentures due 2034 (the "Debentures"). The offering is expected to close on August 10, 2022 . The net proceeds will be used for general corporate purposes of the Company, which may include investments in subsidiaries, repayment of indebtedness and other strategic investments. Details of the offering will be set out in a pricing supplement that the Company intends to issue pursuant to its short form base shelf prospectus and its prospectus supplement, each dated March 19, 2021 , all of which are or will be available on the SEDAR website for Sun Life Financial Inc. at www.sedar.com . The Debentures will be sold on a best efforts agency basis by a syndicate led by RBC Capital Markets, BMO Capital Markets and TD Securities, as co-leads.
TipRanks is all about bringing together expert advice from around the world on the best stocks to buy - and we''ve picked five British stocks tipped by some of the top analysts with an interest in the UK. The TipRanks Expert Centre provides a comprehensive list of analysts and the stocks they rate. We''ve chosen five top analysts who have opinions on British stocks to buy. Benjamin Toms – Close Brothers Group Toms is a director at RBC Capital Markets and is focused on banking and financial stocks. He has a success rate of 66% with an average return of 12.4% per transaction.
CALGARY, AB , Aug. 4, 2022 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA ) today announced that it has priced an offering of $250 million of 7.35% Fixed-to-Fixed Rate Subordinated Notes, Series 2 due August 17, 2082 (the " Offering "). The Offering is expected to close on or about August 17, 2022 . The Company intends to use the net proceeds of the offering to redeem or repurchase its outstanding cumulative redeemable five-year rate reset preferred shares, series C (TSX: ALA ). The subordinated notes are being offered through a syndicate of underwriters, co-led by BMO Capital Markets, RBC Capital Markets and Scotiabank, under AltaGas'' short form base shelf prospectus dated February 22, 2021 , as supplemented by a prospectus supplement dated August 4, 2022 . This news release does not constitute an offer to sell or the solicitation of an offer to buy the subordinated notes in any jurisdiction. The subordinated notes have not been approved or disapproved by any regulatory authority.