Latest news with #Scotiabank
Business Insider
5 hours ago
- Business
- Business Insider
Scotiabank Sticks to Their Buy Rating for Alimentation Couche-Tard Inc (ATD)
Scotiabank analyst John Zamparo maintained a Buy rating on Alimentation Couche-Tard Inc (ATD – Research Report) today and set a price target of C$78.00. The company's shares closed today at C$67.64. 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, Zamparo is a 2-star analyst with an average return of 0.9% and a 42.45% success rate. Alimentation Couche-Tard Inc has an analyst consensus of Strong Buy, with a price target consensus of C$82.82, a 22.44% upside from current levels. In a report released today, CIBC also maintained a Buy rating on the stock with a C$84.00 price target. Based on Alimentation Couche-Tard Inc's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of C$20.9 billion and a net profit of C$641.4 million. In comparison, last year the company earned a revenue of C$19.62 billion and had a net profit of C$623.4 million
Cision Canada
11 hours ago
- Business
- Cision Canada
Scotia Global Asset Management announces fund closures Français
TORONTO, June 27, 2025 /CNW/ - Scotia Global Asset Management today announced its intention to terminate 1832 AM Global Low Volatility Equity LP and 1832 AM U.S. Dividend Growers LP, on or about June 27, 2025. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently and past performance may not be repeated. About Scotia Global Asset Management Scotia Global Asset Management® is a business name used by 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, ETFs, liquid alternative mutual funds, private asset funds and customized investment solutions for institutions and managed asset programs. For more information, please visit About Scotiabank Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as at April 30, 2025), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit and follow us on X @Scotiabank.
Yahoo
12 hours ago
- Business
- Yahoo
Regina doctors remove money from banks investing in Israeli arms industry
Dr. Kieran Conway and several colleagues wanted to do something as news of killings continued to flow out of Gaza. 'There was a group of physicians that felt really demoralized by what was happening in Gaza and feeling quite powerless about what we could do,' said Conway in a recent interview. That's why he and his fellow physicians brought forward a motion to the Regina Medical Staff Association (RMSA) annual general meeting on June 24. It called for the transfer of all funds from major Canadian banks investing in arms manufacturing over to Saskatchewan-based credit unions. Conway, a family physician and hospitalist in Regina, was among the 21 people, or 75 per cent, who voted in favour of the motion which named Scotiabank and RBC. Six voted against. Elbit Systems and Scotiabank's investment in the defence company has come under increasing scrutiny for its role in supplying weapons — including loitering munitions more commonly referred to as 'suicide drones' — following Hamas' Oct. 7, 2023 attack on Israel in which 1,200 were killed and about 250 were taken hostage. It's difficult to assess the number of Palestinians killed in the 20 months of conflict following the Oct. 7 attack. Palestinian health authorities say more than 50,000, mostly civilians, have been killed, while the United Nations says that number is likely low. According to The Guardian, 879 Israeli soldiers have been killed since Oct. 7. The RMSA has the authority to make such decisions and the Saskatchewan Medical Association 'has no comment on it,' the SMA said an email response to questions from the Leader-Post. 'Individual securities are held based on their investment merit and are not influenced by protest activity,' Scotiabank said in an emailed statement provided Friday. And when it comes to holding of Elbit, 'Scotia Global Asset Management's exposure to Elbit Systems is 1.6 per cent of outstanding shares, as of March 31, 2025.' Past reporting from The Canadian Press indicated Scotiabank's 1832 Asset Management held 642,000 shares in Elbit at the end of second quarter 2024 which was down from about 2,237,000 shares in 2023. On Friday, Scotiabank said 1832 Asset Management holds 700,100 shares of Elbit as of March 31, 2025. Comment was sought from RBC as well, but no response was offered. Regina residents mark one-year anniversary of reignited conflict in Israel, Gaza Talk about Israeli-Palestinian conflict still on after city councillor prevents cancellation As of 2023, Scotiabank was one of the top five investors in Elbit Systems, Israel's largest weapons manufacture. Since then, the bank has reduced its holding in the company though it does still hold significant investments, according to reporting by Reuters. Between the two banks, the RMSA has more than a quarter-million dollars invested, which it will now move to local institutions. Doctors have a moral responsibility 'to stop it, and if we can't stop it, at least make sure that we're not supporting it anyway we can,' said Conway of the ongoing conflict. 'It's hard to know what to do from where we are. Myself, like all physicians, our role, the reason we came into this profession, is to support life,' he said. 'We've watched in horror as it seems Israel has tried to exterminate life in Gaza.' In early January, Médecins Sans Frontières (Doctors Without Borders) stated 'out of 36 hospitals in Gaza, Palestine, only 17 remained partially functional by early December 2024, with the other 19 closed, while over 1,000 health workers have been killed.' In 2024, a United Nations special committee found 'Israel's warfare in Gaza is consistent with the characteristics of genocide, with mass civilian casualties and life-threatening conditions intentionally imposed on Palestinians there.' Conway said other medical associations in Canada have tried to pass similar motions, but to his knowledge none have been successful. 'I hope this shows other medical associations and other professional associations, even outside of the medical field, that there are tangible things, there is action you can take to to oppose the genocide,' he said. alsalloum@
Yahoo
18 hours ago
- Business
- Yahoo
5 Revealing Analyst Questions From Qualys's Q1 Earnings Call
Qualys delivered first quarter results that exceeded Wall Street's expectations, driven by continued expansion of its cloud-native security platform and rising demand for integrated risk management tools. CEO Sumedh Thakar cited operational execution around its Enterprise TruRisk Management (ETM) solution and the rollout of new AI-powered security features as key contributors. Management also noted strong momentum in international markets, where channel partner-led growth outpaced domestic sales, and highlighted improved gross retention as a positive sign despite ongoing macroeconomic headwinds. Is now the time to buy QLYS? Find out in our full research report (it's free). Revenue: $159.9 million vs analyst estimates of $157.1 million (9.7% year-on-year growth, 1.8% beat) Adjusted EPS: $1.67 vs analyst estimates of $1.47 (13.8% beat) Adjusted Operating Income: $71.22 million vs analyst estimates of $63.8 million (44.5% margin, 11.6% beat) The company slightly lifted its revenue guidance for the full year to $652.5 million at the midpoint from $651 million Management raised its full-year Adjusted EPS guidance to $6.15 at the midpoint, a 7.9% increase Operating Margin: 32.4%, up from 30.7% in the same quarter last year Annual Recurring Revenue: $639.6 million at quarter end, up 9.7% year on year Billings: $153.1 million at quarter end, up 6.1% year on year Market Capitalization: $5.15 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jonathan Ho (William Blair) pressed on how macro uncertainty is impacting customer spend; CEO Sumedh Thakar explained that while cybersecurity remains a priority, increased scrutiny and longer decision cycles are influencing sales and guidance. Patrick Colville (Scotiabank) asked about competitive pressure from new network-based vulnerability management entrants. Thakar responded that Qualys' differentiation is its focus on actionable remediation and unified risk context, not just detection. Kingsley Crane (Canaccord) inquired about market adoption for AI Security Posture Management; Thakar said most customers are still in the exploratory phase, with broader budget impact likely next year rather than in 2025. Rudy Kessinger (D.A. Davidson) questioned the dip in large customer count; Thakar noted stable win rates and improved retention, attributing fluctuations to upsell and downsell dynamics rather than customer losses. Rob Owens (Piper Sandler) asked about weaker North American growth versus international; Thakar attributed this to stronger partner engagement internationally and efforts to replicate this success domestically through expanded partner initiatives. In upcoming quarters, our team will be watching (1) the pace and scale of partner-led new business wins, particularly through mROC offerings, (2) sustained adoption of AI and cloud security modules like TotalAI and CNAPP as customers move beyond proof-of-concept phases, and (3) improvements in upsell rates and net dollar expansion as macro pressures evolve. Execution against these milestones will be key to validating management's growth strategy. Qualys currently trades at $138.60, up from $126.64 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
CTV News
21 hours ago
- Business
- CTV News
BMO employees to start working four days in office similar to Scotiabank and RBC
People make their way past the Bank of Montreal (BMO) building in the Financial District of Toronto, Monday Aug. 14, 20243. THE CANADIAN PRESS/Spencer Colby TORONTO — BMO says it is moving towards four days in the office starting in the fall, joining some of its Bay Street peers. Spokesman John Fenton says that by mid-September, BMO will expect employees in the office four days per week, where existing real estate capacity permits. He says BMO has over the past decade invested in workplaces designed to maximize team performance by promoting collaboration, problem solving, mentorship, innovation, and career development. Scotiabank and RBC previously committed to similar moves with both lenders saying the change will start in September, which they believe will improve operations. Scotiabank says it thinks the move will improve collaboration, engagement and culture, while RBC says it is a relationship-driven bank and in-person work is vital for its long-term success. National Bank and CIBC have said its number of in-office days depends on each team and the role of employees. This report by The Canadian Press was first published in 2025.
