Latest news with #CanadianBanks
Globe and Mail
2 days ago
- Business
- Globe and Mail
A surprising answer to the question: Which big bank has the best mobile app?
The basics of a good mobile banking app are seamless and speedy log-in, modern appearance and easy navigation. According to a new J.D. Power customer satisfaction survey, the Big Five banks all deliver on these points. 'It's getting harder to tell the nation's banks and credit card company mobile apps and websites apart from one another,' the survey concludes. Do Canadian banks have a homogeneity problem? Their earnings and stock market performance certainly differ, but there's a sameness to the customer experience once you get beyond logos and colour schemes. App parity reflects this, but so other aspects of consumer banking. Does any bank do chequing, mortgages or investments demonstrably better than the rest? Canadian Imperial Bank of Commerce took top spot in banking app satisfaction with a score of 641 out of 1,000, Toronto-Dominion Bank scored 631, Bank of Montreal and Royal Bank of Canada 626 and Bank of Nova Scotia 620. On credit-card apps, American Express led a larger field of competitors with a score of 692 and Tangerine was second at 669. After that, most competitors were bunched in the mid- to low-600 range. J.D. Power says banks have spent years maximizing the functionality of their apps within the limits of their current technology. The next frontier will be adding AI-based functions, which clients are encountering more in other aspects of their lives. I use a few alternative bank apps and haven't yet found any that crush the competition. But as we look ahead to open banking, let's not concede that all apps will be more or less the same. Open banking will allow bank clients to securely share financial data with alternative players. Let's see whether they can use it to build a better app. A surprising finding in the J.D. Power customer satisfaction numbers is that people like multi-factor authentication when logging into a mobile app. MFA can be a hassle if you're in a hurry. For example, you may be asked for a verification code sent to by your bank via text, or to use a fingerprint reader. Still, J.D. Power said overall customer satisfaction is 12 points higher when customers use multi-factor authentication before logging in. This shift reflects improvements banks have made in the usability of MFA, and an increased focus on security by bank customers. Are you reading this newsletter on the web or did someone forward the e-mail version to you? If so, you can sign up for Carrick on Money here. Housing affordability: Canada vs. the U.S. Vancouver, Toronto and Victoria top this ranking of North American cities by housing affordability – specifically, mortgage payment as a percentage of income. The list highlights just how much cheaper homes are in the U.S., even in big cities like New York. Top choices for simple and great investing An investing blogger sorts through some of the biggest asset allocation exchange-traded funds and identifies some top choices. Asset-allocation ETFs are a simple, cheap and excellent way to build a fully diversified portfolio of exchange-traded funds. Personal finance's independence movement Christine Benz, director of personal finance and retirement for the investing analysis company Morningstar, recently attended an event held for people who follow the F.I.R.E. philosophy – financial independence, retire early. She picked up a few lessons to pass along on balancing work and the powerful idea of financial freedom. Bet you lose Toronto Life on the betting scandal involving a former Toronto Raptor. What I took away from this story is a sense of shock about the amount being wasted on ridiculous sports betting. The player in question was a day trader, and a gambler. Subscribe to Stress Test on Apple podcasts or Spotify. Q: If we are going to experience rough seas for the next two to four years, I want to be on the largest warship in the fleet. That would be U.S. equities. Is that approach reasonable? A: As dominant as the U.S. stock market has been in the past decade, strong returns from Canadian stocks lately mean the five-year annualized total return of the S&P/TSX composite index is now more or less even with the S&P 500. Meanwhile, international stocks have been coming on strong. The U.S. market offers exposure to leading companies in tech, health care and consumer discretionary stocks, but investors are looking at other markets these days. Do you have a question for me? Send it my way. Sorry I can't answer every one personally. Questions and answers are edited for length and clarity. Tools and guides A beginner's guide to guaranteed investment certificates. In the social sphere Social Media: How often do people upgrade their smartphone? Watch: Thoughts on the worries involved in home ownership. Not buying so much, but living up to the responsibilities of owning a property. Money-Free Zone: Paul Weller has to be one of the most eclectic and versatile musicians around. He's been a new-wave rocker, a neo-soul musician and, more recently, a singer-songwriter who puts out nuggets like this new cover of a 1974 song called Pinball by singer-actor Brian Protheroe. You can catch Weller at his new wave peak in That's Entertainment, an all-time great song. Weller's soul-era band was called The Style Council – here's one of their most enjoyable songs, The Big Boss Groove. More PF from The Globe - Five tax tips for cottage owners this summer season - The best time to make a lump-sum mortgage payment, according to the experts - Canadians go elbows up on U.S. travel, opting for these destinations instead - Trump-proofing your wallet
Yahoo
22-05-2025
- Business
- Yahoo
Toronto-Dominion Bank (TSX:TD) Declares Dividends; Reports Strong Earnings Growth
Recently, Toronto-Dominion Bank declared a robust set of earnings results, with its second-quarter net income rising to CAD 11,129 million from CAD 2,564 million year-over-year, alongside a steady dividend payment announcement. These financial disclosures likely buoyed investor confidence, contributing to the company's 7% price increase over the past month. Despite broader market concerns and volatility, highlighted by fluctuating bond yields and a slight decline in major indexes, TD's outstanding performance demonstrates its resilience. The bank's announcement of expanding its AI research capabilities in New York further emphasized its commitment to innovation and growth. Buy, Hold or Sell Toronto-Dominion Bank? View our complete analysis and fair value estimate and you decide. The latest GPUs need a type of rare earth metal called Terbium and there are only 23 companies in the world exploring or producing it. Find the list for free. Toronto-Dominion Bank's solid second-quarter financial results and unwavering commitment to dividends likely reinforce investor confidence, supporting its recent share price increase. However, the bank's strategic focus on AI research and the robust net income growth signal potential enhancements in operational efficiency and innovative capabilities, key aspects that may shape future narratives regarding revenue and earnings forecasts. This expansion into AI could bolster TD's future revenue streams and provide new pathways for enhancing profitability in an evolving market landscape. Over the past five years, TD's total shareholder return, including dividends, was 79.80%. This performance paints a broader picture of the bank's growth trajectory, contrasting its recent short-term dynamics with more substantial long-term returns. In the most recent year, however, TD has underperformed compared to the Canadian Banks industry, which saw an 18.2% return, indicating some challenges in its short-term performance relative to its peers. With analysts setting a price target of CA$92.0, TD's recent share price near CA$87.56 suggests a slight discount to this target. The company's current operational and strategic adjustments, including US balance sheet restructuring and Canadian market expansion, aim to sustain the positive growth trajectory. Analysts forecast a gradual rise in earnings and revenue over the next few years, which may underpin future share price movements. Consequently, ongoing enhancements in digital and market strategies could aid in achieving, or even surpassing, these forecasts, despite any regulatory and market uncertainties. Get an in-depth perspective on Toronto-Dominion Bank's performance by reading our balance sheet health report here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:TD. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
21-05-2025
- Business
- Cision Canada
BMO Announces Cash Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for May 2025 Français
TORONTO, May 21, 2025 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the May 2025 cash distributions for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the "ETF Series") that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on May 29, 2025 will receive cash distributions payable on June 3, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is May 29, 2025. Details of the per unit cash distribution amount are as follows: Monthly Distributions FUND NAME FUND TICKER CASH DISTRIBUTION PER UNIT $ BMO Aggregate Bond Index ETF ZAG 0.040 BMO Canadian MBS Index ETF ZMBS 0.060 BMO Discount Bond Index ETF ZDB 0.030 BMO Emerging Markets Bond Hedged to CAD Index ETF ZEF 0.045 BMO Equal Weight Banks Index ETF ZEB 0.145 BMO Equal Weight REITs Index ETF ZRE 0.090 BMO Equal Weight Utilities Index ETF ZUT 0.075 BMO High Yield US Corporate Bond Hedged to CAD Index ETF ZHY 0.056 BMO High Yield US Corporate Bond Index ETF ZJK 0.090 BMO High Yield US Corporate Bond Index ETF (USD Units)* ZJK.U 0.085 BMO Laddered Preferred Share Index ETF ZPR 0.045 BMO Laddered Preferred Share Index ETF (USD Units)* ZPR.U 0.068 BMO Long Corporate Bond Index ETF ZLC 0.060 BMO Long Federal Bond Index ETF ZFL 0.033 BMO Long Provincial Bond Index ETF ZPL 0.040 BMO Mid Corporate Bond Index ETF ZCM 0.050 BMO Mid Federal Bond Index ETF ZFM 0.028 BMO Mid Provincial Bond Index ETF ZMP 0.034 BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF ZMU 0.042 BMO Mid-Term US IG Corporate Bond Index ETF ZIC 0.059 BMO Mid-Term US IG Corporate Bond Index ETF (USD Units)* ZIC.U 0.042 BMO Real Return Bond Index ETF ZRR 0.054 BMO Short Corporate Bond Index ETF ZCS 0.038 BMO Short Federal Bond Index ETF ZFS 0.025 BMO Short Provincial Bond Index ETF ZPS 0.030 BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF ZSU 0.038 BMO US Aggregate Bond Index ETF ZUAG 0.060 BMO US Aggregate Bond Index ETF (Hedged Units) ZUAG.F 0.060 BMO US Aggregate Bond Index ETF (USD Units)* ZUAG.U 0.060 BMO US Preferred Share Hedged to CAD Index ETF ZHP 0.090 BMO US Preferred Share Index ETF ZUP 0.100 BMO US Preferred Share Index ETF (USD Units)* ZUP.U 0.098 BMO Balanced ETF (Fixed Percentage Distribution Units) ZBAL.T 0.155 BMO Canadian Dividend ETF ZDV 0.070 BMO Canadian High Dividend Covered Call ETF ZWC 0.100 BMO Covered Call Canadian Banks ETF ZWB 0.110 BMO Covered Call Canadian Banks ETF (USD Units)* ZWB.U 0.140 BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF ZWA 0.130 BMO Covered Call Energy ETF ZWEN 0.220 BMO Covered Call Health Care ETF ZWHC 0.160 BMO Covered Call Technology ETF ZWT 0.220 BMO Covered Call US Banks ETF ZWK 0.145 BMO Covered Call Utilities ETF ZWU 0.070 BMO Europe High Dividend Covered Call ETF ZWP 0.105 BMO Europe High Dividend Covered Call Hedged to CAD ETF ZWE 0.120 BMO Floating Rate High Yield ETF ZFH 0.070 BMO Global High Dividend Covered Call ETF ZWG 0.175 BMO Growth ETF (Fixed Percentage Distribution Units) ZGRO.T 0.180 BMO International Dividend ETF ZDI 0.080 BMO International Dividend Hedged to CAD ETF ZDH 0.080 BMO Monthly Income ETF ZMI 0.070 BMO Monthly Income ETF (USD Units)* ZMI.U 0.120 BMO Premium Yield ETF ZPAY 0.200 BMO Premium Yield ETF (Hedged Units) ZPAY.F 0.175 BMO Premium Yield ETF (USD Units)* ZPAY.U 0.180 BMO Ultra Short-Term Bond ETF ZST 0.120 BMO Ultra Short-Term US Bond ETF (USD Units)* ZUS.U 0.180 BMO USD Cash Management ETF ZUCM 0.107 BMO USD Cash Management ETF (USD Units)* ZUCM.U 0.104 BMO US Dividend ETF ZDY 0.070 BMO US Dividend ETF (USD Units)* ZDY.U 0.050 BMO US Dividend Hedged to CAD ETF ZUD 0.045 BMO US High Dividend Covered Call ETF ZWH 0.130 BMO US High Dividend Covered Call ETF (USD Units)* ZWH.U 0.125 BMO US High Dividend Covered Call Hedged to CAD ETF ZWS 0.105 BMO US Put Write ETF ZPW 0.125 BMO US Put Write ETF (USD Units)* ZPW.U 0.125 BMO US Put Write Hedged to CAD ETF ZPH 0.120 BMO Global Enhanced Income Fund (ETF Series) ZWQT 0.085 BMO Global Dividend Opportunities Fund (Active ETF Series) BGDV 0.034 BMO Global REIT Fund (Active ETF Series) BGRT 0.055 BMO Money Market Fund (ETF Series) ZMMK 0.120 BMO Global Infrastructure Fund (Active ETF Series) BGIF 0.050 *Cash distribution per unit ($) amounts are USD for ZJK.U, ZPR.U, ZIC.U, ZUAG.U, ZUP.U, ZWB.U, ZMI.U, ZPAY.U, ZUS.U, ZUCM.U, ZDY.U, ZWH.U, and ZPW.U. Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found at Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds. Please read the applicable ETF Facts document or prospectus before investing. BMO ETFs and ETF Series of the BMO Mutual Funds are not guaranteed, their values change frequently, and past performance may not be repeated. For a summary of the risks of an investment in the BMO ETFs or ETF Series of the BMO Mutual Funds, please see the specific risks set out in the simplified prospectus. Units of the BMO ETFs and ETF Series securities of the BMO Mutual Funds may be bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. Distributions are not guaranteed and are subject to change and/or elimination. BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. The ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal. "BMO (M-bar roundel symbol)" is a registered trademark of Bank of Montreal, used under licence. About BMO Financial Group BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
Yahoo
02-05-2025
- Business
- Yahoo
Bank Of Nova Scotia (TSX:BNS) To Redeem USD 1,250 Million Perpetual Capital Notes
Bank of Nova Scotia experienced a 2% price movement over the last month, which aligns closely with broader market trends. The company's announcement to redeem USD 1,250 million of its 4.9% Fixed Rate Resetting Perpetual Subordinated Notes may have bolstered investor confidence, echoing its strategic approach to capital management. Concurrently, strong performances in the market, highlighted by rallies in the S&P 500 and Dow Jones, likely elevated investor sentiment, contributing to the modest growth seen in the company's shares. The redemption plan, while not dramatically shifting market perceptions, added weight to the positive market momentum. Be aware that Bank of Nova Scotia is showing 1 risk in our investment analysis. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. The Bank of Nova Scotia's recent decision to redeem US$1.25 billion of its fixed-rate notes aligns with its capital management strategy, potentially enhancing investor confidence and reflecting positively on its financial stability. Over a five-year period up to May 2025, the company's total return, including dividends, was 75.69%, offering a perspective on its longer-term performance. This contrasts with its underperformance relative to the Canadian Banks industry, which saw a 15.9% increase over the past year. This news may influence revenue and earnings forecasts, as strategic capital redeployment and a focus on growth are expected to enhance shareholder value and return on equity. Analysts predict steady revenue growth and increased profit margins, but heightened credit loss provisions and geopolitical risks pose significant challenges. The current share price of CA$68.53 is still below the consensus price target of CA$76.73, suggesting potential upside as the market assesses these strategic moves. The relatively modest movement in the share price over the last month could reflect cautious optimism among investors regarding these developments. Our expertly prepared valuation report Bank of Nova Scotia implies its share price may be lower than expected. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:BNS. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
Canadian Imperial Bank of Commerce (TSX:CM) Shareholders Approve Changes To Bylaws At AGM
At the recent Annual General Meeting held on April 3, 2025, Canadian Imperial Bank of Commerce shareholders approved amendments to By-Law No. 1 concerning directors' remuneration and administrative matters, highlighting the company's focus on governance improvement. Despite the broader market experiencing a significant downtrend due to global tariff fears, leading to a 5.6% decline in the market, CIBC's stock showed resilience with a 1% increase over the past week. This positive movement suggests investors may have reacted favorably to the company's governance changes, even as financial institutions faced challenges in a tumultuous market landscape. Buy, Hold or Sell Canadian Imperial Bank of Commerce? View our complete analysis and fair value estimate and you decide. AI is about to change healthcare. These 25 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. The past five years have seen CIBC's total shareholder return, including share price and dividends, rise by 149.90%, reflecting strong performance despite broader economic challenges. This robust return highlights the company's successful navigation within a volatile market environment exacerbated by trade tensions. Specifically, CIBC consistently achieved earnings growth, with the past year's profit growth far outpacing the Banks industry, marking a significant ascent in earnings compared to its 5-year average. Key developments such as expanding Canadian Depositary Receipts into European markets and enhancing customer experience through digital banking contributed positively to shareholder value. Moreover, CIBC's commitment to maintaining a competitive dividend and its record trading revenue in capital markets further bolster investor confidence, despite facing legal challenges. These strategic moves bolster CIBC's position within the industry, allowing it to outperform both the Canadian Banks industry and the broader market over the past year. Our valuation report unveils the possibility Canadian Imperial Bank of Commerce's shares may be trading at a discount. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:CM. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
