(Bloomberg) -- Jefferies Financial Group Inc. said investment-banking and capital-markets revenue slipped 31% from a year earlier, while still beating analysts’ estimates, as a turbulent geopolitical and macroeconomic picture chilled the pace of deal activity.
BMO Capital Markets lowered its 12-month price target for Bombardier Inc. on the premise that “high financial leverage and heightened macro uncertainty have weighed on [its] valuation.”
Bank of America Corp. announced a dividend increase and Morgan Stanley boosted its payout while saying it will repurchase as much as $20 billion of stock as US banks respond to their success in clearing this year’s stress tests. JPMorgan Chase & Co. held its dividend steady at $1 a share.
Energy and commodities led Canada's main stock index to continue its upward climb, however U.S. stock markets dipped after posting their best week since 2020.
Analysts at Scotiabank have upgraded Vermilion Energy on the basis that rising European natural gas prices and a declining stock price should set the company up for higher cash flow and a more attractive valuation.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}