Latest news with #MatthewLee
Yahoo
28-05-2025
- Business
- Yahoo
Canaccord Reiterates Buy Rating on The Bank of Nova Scotia (BNS) After Mixed Q2 Results
On May 27, Canaccord reiterated its Buy rating on The Bank of Nova Scotia (NYSE:BNS), keeping its price target at C$79. Matthew Lee from Canaccord Genuity kept the rating on BNS stock after the company posted mixed results for the second quarter of 2025. The analyst remains optimistic about BNS due to its strong financial position and growth potential. The company posted net interest income of C$5.27 billion, while its revenue experienced a 9% year-over-year growth. Despite the earnings missing the estimates by a slight margin, Lee maintained his rating, driven by the bank's robust performance in key segments, including Wealth Management and Global Banking and Markets, which exceeded expectations. Global Wealth Management delivered $405 million in earnings, up by 17% from a year ago. The company is now confident to achieve 14%+ ROE over the medium term and expects the company's earnings per share to grow by 5-7% in FY2025. Lee's positive stance on BNS is backed by the bank's strong capital position with a CET1 ratio of 13.2%, exceeding estimates and guidance, growing by 30 basis points year-over-year. The company has also raised its dividend by 4%, which is also considered a positive move by the analyst. The net interest margin improved due to lower funding costs and deposit growth, reflecting a stable and growing customer base. The Bank of Nova Scotia (NYSE:BNS) is a Canadian chartered bank that serves its clients through segments, including Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Others. While we acknowledge the potential of BNS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BNS and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Time Out
28-04-2025
- Entertainment
- Time Out
Torch & Crown's popular open-air beer garden is coming back to Union Square
The official marker of summer is back. And, yes, we mean drinking outside. Coinciding with the flowers blooming, outdoor patio bars and restaurants are sprouting up once again, welcoming us to soak up the sun with a sipper in hand. One of our favorite outdoor bars is returning for the season, transforming a corner of Union Square into an all-out beer hall. On Thursday, May 1, Torch & Crown Brewing Company is taking over Union Square Park for its summertime pop-up: Torch & Crown Beer Garden. For its third season in a row, the brewery will bring its lineup of locally-made beers and bites to the square starting May 1 until early November. Commandeering the historic Union Square Pavilion and the square surrounding it, the indoor-outdoor space welcomes all (even dogs!) to enjoy the festivities no matter the weather. The seasonal venue is the brewery's only offshoot outside of its operation in SoHo. Naturally, there is beer to be had here, many of the crushable varieties, including the Tenement Pilsner and the Southbound Mexican Lager. There are also two IPAs on tap as well as the mango and pineapple fruity sour ale, Xpert Ambassador Sour. To nosh on, the garden has drummed up a line-up of seasonal eats, quite literally, as the venue incorporates goods from the neighboring Union Square Market. Perfect example is the Market Special, a 12-inch, thin-crust pizza with all the spring veggies, including asparagus, maitake mushrooms and garlic chives. Fan favorites from years past have returned like the Sigmund's Hand-Rolled Bavarian Pretzel and the cheddar cheese The Lou Burger served with fries. If you can't attend the brewery opening on May 1, try to make it to the official opening party on May 7. In partnership with City Winery, the kick-off party will include live tunes from Matthew Lee & The Standbys. The fun continues at the garden all summer long with jazz music on Sundays with Geoff Burke, Monday night trivia with NYC Trivia League and live music on Fridays courtesy of Shawn Parsons and Matthew Lee & The Standbys.
