Latest news with #TDSecurities
Business Insider
9 hours ago
- Business
- Business Insider
Maple Leaf Foods (MFI) Receives a Buy from TD Securities
TD Securities analyst maintained a Buy rating on Maple Leaf Foods today and set a price target of C$41.00. The company's shares closed today at C$29.71. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Maple Leaf Foods has an analyst consensus of Strong Buy, with a price target consensus of C$35.63, a 19.93% upside from current levels. In a report released today, TD Cowen also maintained a Buy rating on the stock with a C$41.00 price target. Based on Maple Leaf Foods' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.24 billion and a net profit of C$49.56 million. In comparison, last year the company earned a revenue of C$1.15 billion and had a net profit of C$51.55 million Based on the recent corporate insider activity of 37 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 MFI in relation to earlier this year.
Business Recorder
5 days ago
- Business
- Business Recorder
European stocks down with bank and healthcare drag
FRANKFURT: European shares closed lower on Friday, as losses in banks and healthcare stocks weighed at the end of a week marred by US President Donald Trump's tariff announcements, with the European Union also awaiting a letter on levies from Trump. The pan-European STOXX 600 index closed 1% lower, snapping a four-day win streak and clocking its biggest single-day decline in over three-months. Germany's DAX and Britain's FTSE both came off their record high levels seen this week to fall 0.8% and 0.4%, respectively on Friday. The EU initially hoped to strike a comprehensive trade agreement with the US, including zero-for-zero tariffs on industrial goods, but months of difficult talks have led to the realization it will probably have to settle for an interim agreement and hope something better can be negotiated. 'We had expected it to be approved on Wednesday, so the longer this drags on, the more we worry that Trump isn't on board, and the EU could get hit with significantly higher tariffs yet again,' TD Securities analysts said in a note. HSBC estimates that a 10%-20% hike in import tariffs by the US on regional goods could suppress the overall revenue of the FTSE Europe index by 1.2%-2.4% and the net income in the range 4.0%-6.0%. Risk sentiment took a hit globally after Trump announced a 35% tariff rate on all imports from Canada from August 1 and floated a blanket 15% or 20% tariff rate on other countries, up from the current 10% baseline rate. European banks were at the forefront of the selloff with a 1.8% fall. Norway's largest bank DNB lagged with an 8.8% slide after reporting an earnings miss for the second quarter, hit by weaker than expected interest income and higher loan losses. Health care stocks, which hold a weight of more than 12% on the STOXX, also saw heavy losses on Friday with Danish drugmaker Novo Nordisk down 3.6%. A rare bright spot was energy, with shares of BP up 3.4% after the British oil giant said its second quarter upstream output is set to be higher than previously forecast.
Business Times
5 days ago
- Business
- Business Times
Europe: Stocks down with bank and healthcare drag, US-EU tariffs in focus
[BENGALURU] European shares closed lower on Friday (Jul 11), as losses in banks and healthcare stocks weighed at the end of a week marred by US President Donald Trump's tariff announcements, with the European Union (EU) also awaiting a letter on levies from Trump. The pan-European Stoxx 600 index closed 1 per cent lower, snapping a four-day win streak and clocking its biggest single-day decline in over three-months. Germany's DAX and Britain's FTSE both came off their record high levels seen this week to fall 0.8 per cent and 0.4 per cent, respectively, on Friday. The EU initially hoped to strike a comprehensive trade agreement with the US, including zero-for-zero tariffs on industrial goods, but months of difficult talks have led to the realisation it will probably have to settle for an interim agreement and hope something better can be negotiated. 'We had expected it to be approved on Wednesday, so the longer this drags on, the more we worry that Trump isn't on board, and the EU could get hit with significantly higher tariffs yet again,' TD Securities analysts said in a note. HSBC estimates that a 10 to 20 per cent hike in import tariffs by the US on regional goods could suppress the overall revenue of the FTSE Europe index by 1.2 per cent-2.4 per cent and the net income in the range 4 to 6 per cent. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Risk sentiment took a hit globally after Trump announced a 35 per cent tariff rate on all imports from Canada from Aug 1 and floated a blanket 15 per cent or 20 per cent tariff rate on other countries, up from the current 10 per cent baseline rate. European banks were at the forefront of the selloff with a 1.8 per cent fall. Norway's largest bank DNB lagged with an 8.8 per cent slide after reporting an earnings miss for the second quarter, hit by weaker than expected interest income and higher loan losses. Healthcare stocks, which hold a weight of more than 12 per cent on the Stoxx, also saw heavy losses on Friday with Danish drugmaker Novo Nordisk down 3.6 per cent. A rare bright spot was energy, with shares of BP up 3.4 per cent after the British oil giant said its second quarter upstream output is set to be higher than previously forecast. Despite Friday's losses, most European blue-chip bourses clocked weekly gains in excess of 1 per cent. Automobiles and mining stocks were the top performing sectors in Europe this week and telecoms the worst. Global investors have been on edge as Trump has broadened his trade war this week, setting new tariffs on a number of countries, along with a 50 per cent tariff on copper. In other single stock news, Gjensidige Forsikring rose 7.8 per cent to a record high after the Norwegian insurer reported better-than-expected top-line results for the second quarter. REUTERS
Yahoo
5 days ago
- Business
- Yahoo
Instant view: Canada's economy adds 83,100 new jobs in June
TORONTO (Reuters) -Canada's economy added 83,100 jobs in June, the first net increase since January, and the jobless rate edged down to 6.9%, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY ADAM BUTTON, CHIEF CURRENCY ANALYST AT FOREXLIVE "The Canadian jobs report isn't quite as strong as it first appears but it's certainly solid and it will sideline the Bank of Canada for several months at a minimum." "Given what's happened this year, the Canadian economy is performing better than almost anyone thought it would be." ANDREW KELVIN, HEAD OF CANADIAN AND GLOBAL RATES STRATEGY AT TD SECURITIES "It is one of these classic Canadian employment numbers insofar as the details tell a slightly different story than what the headline number tells. But overall, 83,000 jobs, it is just a lot of jobs in the context of slowing population growth." "Just looking at the data... It suggests that perhaps there is a little bit more resilience in the economy than we had anticipated. Manufacturing sector did add jobs in the month of June, but that comes on the heels of fourth consecutive month of job losses. You are going to see that sort of inherent volatility in an environment where trade relationships are uncertain." Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Cision Canada
08-07-2025
- Business
- Cision Canada
Virtual AI Assistant To Help Power TD Securities
TD set to launch Generative AI pilot designed to save colleagues time and enhance client interactions TORONTO, July 8, 2025 /CNW/ - Today, TD Bank Group ("TD" or the "Bank") announced the launch of the TD Securities Artificial Intelligence (AI) Virtual Assistant, a proprietary generative AI-powered chatbot. Initially launching as a pilot, the TDS AI Virtual Assistant is designed to help augment the productivity and effectiveness of TD Securities ("TDS") Front Office Institutional Sales, Trading, and Research professionals. By streamlining daily tasks, the virtual assistant will help to significantly enhance the value these colleagues can bring to their client interactions. The TDS AI Virtual Assistant, a type of Knowledge Management System ("KMS"), is an internal chatbot designed to help employees efficiently retrieve, aggregate and synthesize vast amounts of information into concise context-aware summaries and insights to help colleagues to answer client inquiries with increased efficiency and speed. Using Retrieval Augmented Generation (RAG), the virtual assistant searches internal TDS research documents, interpreting, analyzing, and summarizing key points to respond effectively to user prompts. It also employs Text-to-SQL functionality to convert conversational queries into SQL queries, which are then executed against the data repository to gather and synthesize results into summary tables and visual plots as needed to provide timely market information. Once implemented, this virtual assistant is designed to save front office colleagues time, allowing them to focus on strategic client engagement and decision-making. "We're excited about the potential that the TDS AI Virtual Assistant brings to the TD Securities team," said Dan Charney, Executive Vice President, Vice Chair and Head, Global Markets, TD Securities. "This isn't just another tool—it's a meaningful step toward the future of how we work, that was built by traders, for traders. In a world that's moving faster every day, we're focused on giving our people smarter ways to cut through complexity and stay ahead. By combining human expertise with powerful technology, we're unlocking new possibilities—for our teams, and ultimately, for our clients." Key Features of the TDS AI Virtual Assistant include: Productivity Boost: Reduces information overload by automating information gathering and summarization, allowing teams to focus on more strategic analyses and client engagement. Capital Markets Native: Understands nuanced industry specific language and context. Trust and Reliability: Every insight is returned with direct citations to the source material, allowing for rapid verification by the users. "The TDS AI Virtual Assistant represents a significant development in our evolution of how we are helping revolutionize experiences for our colleagues and clients by operationalizing new technologies such as GenAI at the Bank," said Dan Bosman, Senior Vice President and Chief Information Officer, TD Securities & Payments. "We have been methodical in rolling out Knowledge Management Systems across the organization as these platforms are critical in developing capabilities for colleagues and enhancing experiences for customers. The strong collaboration between our technology groups, Layer6 and Enterprise Innovation teams has been instrumental in achieving these important milestones." The launch of this virtual assistant is the result of the Bank's investment in cutting edge research translated into application, driven by multiple teams across the Bank. TD recently announced TD AI Prism, a new AI foundation model, the goal of which is to help redefine how the Bank predicts customer needs to help personalize their banking experiences. TD launched two KMS platforms – in some of its contact centres and in branches – with plans to be live across seven of its businesses by the end of the year. The Bank also completed a large-scale migration of data records into its secure cloud-based platform, helping to give the Bank more speed and flexibility to unlock solutions such as the TDS AI Virtual Assistant. As the financial sector evolves, TD remains committed to innovation and the responsible use of AI as part of its role as a forward-thinking organization, driving advancements that benefit both the institution and the industry at large. This approach is fostered by the Bank as part of TD Invent, its strategic effort to power innovation. In an era where speed, accuracy, and adaptability are paramount, TD's approach demonstrates the strategic use of AI in helping to address complex financial challenges. About TD Bank Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by assets and serves over 27.9 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Retail, including TD Bank, America's Most Convenient Bank ®, TD Auto Finance U.S., and TD Wealth (U.S.); Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks among the world's leading online financial services firms, with more than 18 million active online and mobile customers. TD had $2.1 trillion in assets on April 30, 2025. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
