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.
Treasury Secretary Janet Yellen is pressing European counterparts to embrace measures designed to enforce a price cap on Russian oil, a move that US officials hope would maintain global crude oil supplies while at the same time limiting Moscow’s revenue.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}