Latest news with #Aiken
Business Insider
3 days ago
- Business
- Business Insider
Jefferies Keeps Their Hold Rating on Canadian Bank of Commerce (CM)
Jefferies analyst John Aiken maintained a Hold rating on Canadian Bank of Commerce (CM – Research Report) yesterday and set a price target of C$94.00. Confident Investing Starts Here: Aiken covers the Financial sector, focusing on stocks such as Royal Bank Of Canada, Canadian Bank of Commerce, and Great-West Lifeco. According to TipRanks, Aiken has an average return of 0.0% and a 51.19% success rate on recommended stocks. In addition to Jefferies, Canadian Bank of Commerce also received a Hold from National Bank's Gabriel Dechaine in a report issued yesterday. However, on the same day, Barclays maintained a Sell rating on Canadian Bank of Commerce (NYSE: CM). The company has a one-year high of $69.88 and a one-year low of $46.99. Currently, Canadian Bank of Commerce has an average volume of 1.17M. Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CM in relation to earlier this year.
Business Insider
3 days ago
- Business
- Business Insider
Laurentian Bank (LRCDF) Receives a Hold from Jefferies
Jefferies analyst John Aiken maintained a Hold rating on Laurentian Bank (LRCDF – Research Report) yesterday and set a price target of C$29.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Aiken is a 2-star analyst with an average return of 0.0% and a 51.19% success rate. Aiken covers the Financial sector, focusing on stocks such as Royal Bank Of Canada, Canadian Bank of Commerce, and Great-West Lifeco. In addition to Jefferies, Laurentian Bank also received a Hold from Scotiabank's Meny Grauman in a report issued yesterday. However, on May 20, RBC Capital maintained a Sell rating on Laurentian Bank (Other OTC: LRCDF). The company has a one-year high of $22.57 and a one-year low of $16.46. Currently, Laurentian Bank has an average volume of 8,937.
Yahoo
27-05-2025
- General
- Yahoo
Aiken father shares letter to fallen Marine son
AIKEN, S.C. (WJBF) — An Aiken Marine gave everything nearly 20 years ago. Now, his family shares the letter they never wanted to write. 'Dear Matt, this is how it's been since you left us and how it is today, my son,' Cpl. Matthew Dillon father Neil Dillon wrote. It's a letter no parent ever wants to write — from a father to his fallen son. Cpl. Matthew Dillon of Aiken was just 25 when he died serving in Iraq. 'There was a knock on the door. It must be UPS, I thought, delivering the Marine Corps flag you promised us for Christmas. At the door, not the UPS, but two Marines in dress blues. 'Are you Neal Dillon, father of Cpl. Matthew Vincent Dillon?' Immediately I knew why they were there. I wanted to scream, 'No, go away!' but I whispered, 'Yes,' the letter continues. Matthew wasn't just a soldier. He was a son, a brother — and a hero. 'Yet there was your mother, wavering before me as the wreckage a woman is when she has lost her child, and I could lay hold of nothing to fend off her pain. The agony was unbearable, crippling,' he said. He graduated military police school with honors and protected President Bush. An IED took his life in 2006. 'Do you remember the talk we had the day before you deployed? 'I'll be back, but if I should fall, I want to be buried a Marine in my dress blues,' you told us. That was how we did it. We buried you three days before Christmas,' he recalled. But his courage lives on here — through scholarships, memorials, and a local chapter of the Military Order of the Purple Heart. 'You'd be proud to know that mom kept her head high with only a few mute tears streaking down her cheeks as she observed accepted in the place of a sun. The flag off your coffin,' Dillion shared. Eighteen years later, the pain still lingers. But so does the pride — knowing he lived with honor. 'You were among the few the proud that made the supreme sacrifice for this. You awarded your second purple heart with gold star,' he wrote. They're holding onto the good memories — more now than ever. 'And more often now as we speak of you, it is with joy, the family and friends who loved you and buried you. Thank you forever. America has had no better than you and you were ours. Goodbye Matt. Goodbye. Goodbye.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-05-2025
- Business
- Yahoo
TD Bank's better-than-expected quarter points to possible earnings upside for other banks: Analyst
Toronto-Dominion Bank's ( better than expected second-quarter earnings, which have prompted a number of analysts to hike their price targets, could point to 'better than forecast' earnings for the other major Canadian banks, one analyst says. TD's adjusted second-quarter earnings of CAD$1.97 per share, announced Thursday, beat consensus estimates of $1.76. In a note to investors, Jefferies Financial Group analyst John Aiken wrote that the earnings beat was powered by TD's provisions for credit losses (PCLs) — money set aside to cover bad loans — which came in below expectations. 'While there are likely some idiosyncratic issues to TD's earnings (notably its U.S. retail bank), we believe that the laterals to the other Canadian banks' earnings are positive,' Aiken wrote. If other banks have similar PCL results, Aiken added, it could lead to 'better than forecast earnings for the group.' Aiken raised his price target for TD shares on the Toronto Stock Exchange from $90 to $103, with a chorus of investment banks making similar adjustments based on improved earnings estimates. TD shares closed at $92.41 on the TSX Thursday, up $2.91, or 3.24 per cent, on the day, and rose around 0.25 per cent as of 9:45 a.m. Friday. Aiken wrote that within TD's Canadian personal and commercial banking business, 'the modest but still positive loan growth' should probably be mirrored among the other Canadian banks, 'while margins could garner varied performances." Jefferies expects particular strength at Royal Bank of Canada ( and National Bank of Canada ( due to their respective recent acquisitions of HSBC and Canadian Western Bank (CWB). The CWB deal might also give 'a modest bump' to National Bank's wealth management performance, Aiken says, while RBC is likely to outperform the other banks on that measure. 'Robust margins' in TD's U.S. banking division might be unique, Aiken writes, but Jefferies nonetheless projects that 'the stable loan performance could bode well for the Canadian banks with U.S. retail and commercial banking operations, including CIBC's U.S. Commercial Banking and Wealth Management and Royal's City National platforms.' Jefferies also forecasts dividend increases at RBC (projected to rise 2.7 per cent), National Bank (projected up 2.6 per cent) and BMO (projected up 2.6 per cent). John MacFarlane is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jmacf. Download the Yahoo Finance app, available for Apple and Android.
Business Mayor
18-05-2025
- Business
- Business Mayor
80 Million Cardano in 48 Hours: Whales Buying ADA Dip?
According to CoinMarketCap data, Cardano, the ninth-largest cryptocurrency by market capitalization, is trading at $0.762, down 1.38% in the last 24 hours and 4.05% in the last seven days. Amid a broader market drop in the past week, Cardano fell for four straight days since May 14. Cardano had achieved a high of $0.864 on May 12, but bulls were unable to sustain momentum as investors considered macroeconomic concerns. ADA is currently attempting a recovery, with prices reaching intraday highs of $0.766 in the early Sunday session, but the price remains in the red daily. Amid the price drop, large holders referred to as whales appear to be scooping up Cardano at a discount. According to crypto analyst Ali, who cited data from Santiment, whales have bought over 80 million ADA in just the last 48 hours, even as the Cardano price fell. Whales have bought over 80 million #Cardano $ADA in the last 48 hours, according to data from @santimentfeed! May 17, 2025 This accumulation trend by whales suggests that smart money is taking advantage of lower prices to load up on ADA, potentially betting on a rebound once broader market sentiment improves. In the event of a market recovery, the focus would be on Cardano regaining the daily SMA 200 at $0.805 before moving to $0.864. If this is accomplished, ADA may target $1 next. In the case of a dip, support is expected at $0.72, ahead of the daily SMA 50 of $0.684. Cardano continues to expand According to the most recent information published by Input Output, Cardano continues to show steady growth across ecosystem metrics. The number of projects underway has risen to 1,999, with delegated wallets remaining steady at 1.33 million. On-chain activity also increased, with 109.37 million transactions completed and native assets reaching 10.79 million under 214,832 token policies. Smart contract deployment is strong, with 133,417 Plutus scripts and 6,640 Aiken scripts, representing a 0.49% increase in script activity over the previous week. Governance engagement has increased as well, with 1,305 DReps, 954 of which are active, up 1% from the previous figure. The 224 GitHub commits represent developer enthusiasm and indicate ongoing contributions across Cardano's codebase.
