(RTTNews) - BMO Financial Group (BMO, BMO.TO), on Wednesday, reported higher net income in the second quarter of full year 2026 compared with the previous year. For the second quarter, Net income available to common shareholders increased to C$2.49 billion from C$1.82 billion in the previous year. Earnings per share were C$3.53 versus C$2.50 last year. On the adjusted basis, net income available t...
(RTTNews) - BMO Financial Group (BMO, BMO.TO), on Wednesday, reported higher net income in the second quarter of full year 2026 compared with the previous year. For the second quarter, Net income available to common shareholders increased to C$2.49 billion from C$1.82 billion in the previous year. Earnings per share were C$3.53 versus C$2.50 last year. On the adjusted basis, net income available to common shareholders increased to C$2.59 billion from C$1.90 billion in the previous year. Adjusted earnings per share were C$3.67 versus C$2.62 last year. Revenue rose to C$9.57 billion from C$8.68 billion in the same period a year ago. Net interest income increased to C$5.27 billion from C$5.10 billion in the previous year. Non-interest revenue jumped to C$4.30 billion from C$4.18 billion in the prior year. Further, the board declared a third quarter of 2026 dividend of $1.71 per common share, up 2% from the previous quarter and 5% from the prior year. Bank of Montreal is currently trading 0.40% lesser at C$223.64 on the Toronto Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The Korea Composite Stock Price Index (Kospi), the exchange rate between the South Korean won and U.S. dollar and the Korean Securities Dealers Automated Quotations (Kosdaq) displayed inside the Woori Bank trading room in Seoul, South Korea, on Thursday, May 7, 2026. South Korea's equity market has overtaken Canada's as the worlds seventh largest, propelled by insatiable demand for chips powering ...
The Korea Composite Stock Price Index (Kospi), the exchange rate between the South Korean won and U.S. dollar and the Korean Securities Dealers Automated Quotations (Kosdaq) displayed inside the Woori Bank trading room in Seoul, South Korea, on Thursday, May 7, 2026. South Korea's equity market has overtaken Canada's as the worlds seventh largest, propelled by insatiable demand for chips powering artificial intelligence. Photographer: SeongJoon Cho/Bloomberg
Key Points The big rally since late March has more than undone the market weakness earlier this year. This bullishness, however, isn’t evenly distributed. Neither is the underlying growth driving it. Investors will want to exercise some caution from here for a handful of reasons. 10 stocks we like better than Nvidia › Stocks might have finished the first quarter (Q1) on a low note thanks to the mi...
Key Points The big rally since late March has more than undone the market weakness earlier this year. This bullishness, however, isn’t evenly distributed. Neither is the underlying growth driving it. Investors will want to exercise some caution from here for a handful of reasons. 10 stocks we like better than Nvidia › Stocks might have finished the first quarter (Q1) on a low note thanks to the military conflict with Iran. Anyone counting on that weakness to persist into Q2, however, was sorely mistaken. Down 5% for the year as of the end of March, the S&P 500 (SNPINDEX: ^GSPC) is now up more than 9% since the end of 2025. Earnings did a great deal of the work, of course. Numbers from FactSet indicate 84% of the S&P 500's constituents topped Q1 analyst earnings estimates. In fact, Q1's earnings growth of more than 28% is the fastest year-over-year growth since the final quarter of 2021 when comparisons were made to the worst part of the COVID-19 pandemic. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Thank technology companies like Meta and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), which made the biggest contribution to the improvement. That said, energy companies and their stocks have benefited from oil's soaring prices as well. The question is, can this bullishness last? For that matter, does it deserve to? Maybe. However, investors would be wise to exercise a bit of caution here. Not the best way of doing things Don't misread the message. The stock market isn't doomed. There's more risk than there seems to be on the surface though. But first things first. Although Q2 and the year's overall market gains so far are impressive, they're also poorly balanced. Although energy stocks have technically outperformed everything else (technology names like Nvidia (NASDAQ: NVDA), Apple, Alphabet, and Micro...
Volatility is nothing new for shareholders of Shake Shack (SHAK 1.44%). After crossing $100 per share again last month, the stock dropped 28% in a single day following the release of its first-quarter earnings report. The pain came despite Shake Shack opening a record number of stores and posting same-store sales growth of 4.6%, doubling the rate of growth from fiscal 2025. Unfortunately, top-line...
Volatility is nothing new for shareholders of Shake Shack (SHAK 1.44%). After crossing $100 per share again last month, the stock dropped 28% in a single day following the release of its first-quarter earnings report. The pain came despite Shake Shack opening a record number of stores and posting same-store sales growth of 4.6%, doubling the rate of growth from fiscal 2025. Unfortunately, top-line growth failed to translate to the bottom line, as Shake Shack swung to an operating loss of $2.6 million from a profit of $2.8 million a year ago. Earnings per share came in at zero, missing analyst expectations by a wide margin. Nevertheless, the company's founder remains bullish on the company's stock. Costs overwhelm growth The core issue for Shake Shack is that costs are rising faster than sales. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 9% to $37 million in the first quarter, and margins compressed from 12.7% to 10.1%. While beef inflation remains a headwind, long-term investments in technology upgrades took the biggest bite out of profits. General and administrative costs rose by $13 million year over year, growing from roughly 12.7% of total revenue to 14.6%. Looking ahead, management has guided for elevated general and administrative spending for the remainder of the year due to the tech overhaul. These long-term investments include a new point-of-sale and kitchen display system designed to improve throughput and order accuracy. The company is also building its first-ever loyalty platform, scheduled to launch in late 2026, and investing in proprietary AI tools to provide real-time insights at the store level. Finally, the company is integrating a data and analytics platform to support the new systems. While these initiatives are designed to create long-term benefits, they are front-loading costs and pressuring margins today. A challenging year ahead On the demand side, same-store sales growth has been primarily driven by...
National Bank of Canada press release ( NTIOF ): Q2 Non-GAAP EPS of C$3.23. Revenue of C$3.91B (+7.1% Y/Y). As at April 30, 2026, the Common Equity Tier 1 (CET1) capital ratio under Basel III stood at 13.5%, down from 13.8% as at October 31, 2025. More on National Bank of Canada National Bank of Canada (NA:CA) Shareholder/Analyst Call Transcript National Bank of Canada: This Big Five Extension Is ...
National Bank of Canada press release ( NTIOF ): Q2 Non-GAAP EPS of C$3.23. Revenue of C$3.91B (+7.1% Y/Y). As at April 30, 2026, the Common Equity Tier 1 (CET1) capital ratio under Basel III stood at 13.5%, down from 13.8% as at October 31, 2025. More on National Bank of Canada National Bank of Canada (NA:CA) Shareholder/Analyst Call Transcript National Bank of Canada: This Big Five Extension Is Still Overvalued Parkit to renew share buyback program of up to 10% float Historical earnings data for National Bank of Canada Dividend scorecard for National Bank of Canada
"Students and graduates already knew this was the case, because we are living it. Governments have repeatedly changed the terms, in a move that no bank could do, making the conditions worse while we have no option but to take the financial hit".
"Students and graduates already knew this was the case, because we are living it. Governments have repeatedly changed the terms, in a move that no bank could do, making the conditions worse while we have no option but to take the financial hit".
PDD Holdings press release ( PDD ): Q1 Non-GAAP EPS of $1.38 misses by $1.03 . Revenue of $15.4B (+16.8% Y/Y) misses by $710M . Total revenues in the quarter were RMB106.2 billion (US$115.4 billion), an increase of 11% from RMB95.7 billion in the same quarter of 2025. More on PDD Holdings PDD Holdings: A Cash-Rich Compounder Trading Like A Broken Business PDD Holdings Is A Bet On The Future Of E-C...
PDD Holdings press release ( PDD ): Q1 Non-GAAP EPS of $1.38 misses by $1.03 . Revenue of $15.4B (+16.8% Y/Y) misses by $710M . Total revenues in the quarter were RMB106.2 billion (US$115.4 billion), an increase of 11% from RMB95.7 billion in the same quarter of 2025. More on PDD Holdings PDD Holdings: A Cash-Rich Compounder Trading Like A Broken Business PDD Holdings Is A Bet On The Future Of E-Commerce, Again PDD Holdings: Strong Growth, Cheap, 14% Earnings Yield PDD Holdings Q1 2026 Earnings Preview Earnings week ahead: ZS, CRM, SNOW, DELL, ZS, XPEV, LI, and more
Good morning . Donald Trump tightens his grip on the GOP. The AI boom powers markets to new highs. And for Gen Z, the hottest Friday-night destination may now be the gym. Listen to the day’s top stories . — Hellmuth Tromm Market Snapshot S&P 500 Futures 7,561.75 +0.3% Nasdaq 100 Futures 30,229.50 +0.5% Bloomberg Dollar Spot Index 1,201.27 +0.0% Market data as of 06:32 AM ET. Data is subject to pro...
Good morning . Donald Trump tightens his grip on the GOP. The AI boom powers markets to new highs. And for Gen Z, the hottest Friday-night destination may now be the gym. Listen to the day’s top stories . — Hellmuth Tromm Market Snapshot S&P 500 Futures 7,561.75 +0.3% Nasdaq 100 Futures 30,229.50 +0.5% Bloomberg Dollar Spot Index 1,201.27 +0.0% Market data as of 06:32 AM ET. Data is subject to provider delays. Trump’s party. Texas Attorney General Ken Paxton, backed by the president, won the state’s Republican Senate runoff , defeating four-term incumbent John Cornyn and underscoring Trump’s grip on the GOP. The result, however, could set up a tougher election challenge in November against well-funded Democrat James Talarico . On Wall Street, AI euphoria continues to power markets higher . Global stocks climbed to fresh records for a sixth straight session and US futures advanced as investors piled into tech shares, doubling down on the artificial-intelligence boom. Chipmakers SK Hynix and Micron each topped $1 trillion in value for the first time, while Goldman strategists joined peers at Morgan Stanley and Deutsche Bank in seeing a 17% return for the S&P 500 Index this year. Speaking of semiconductors, Taiwanese prosecutors suspect advanced Nvidia AI chips were smuggled to China through Japan, highlighting the challenge of enforcing US export controls. Three people were detained last week for allegedly falsifying documents tied to Super Micro servers, with at least one shipment making it through customs before being intercepted. Other cases have focused on diversion via Southeast Asia , including the biggest such indictment in the US. Switzerland’s 10-Million Population Cap Is Worrying Executives Read more Now for the grocery bill. Americans already squeezed by high gas prices are bracing for another inflation hit as food costs climb because of unfavorable weather, tariffs and tighter cattle supplies . Economists say the Iran war and a possible El Niño pattern may...
David Taljat/iStock Editorial via Getty Images I usually don't update my theses on companies less than 3 months after the last article. Sometimes I can even go a year or longer, if the specific thesis doesn't actually warrant me updating it or shifting it to any extent. But sometimes, even 2 months can actually change the entire outlook on a stock. Now, while 2 months haven't changed my outlook fo...
David Taljat/iStock Editorial via Getty Images I usually don't update my theses on companies less than 3 months after the last article. Sometimes I can even go a year or longer, if the specific thesis doesn't actually warrant me updating it or shifting it to any extent. But sometimes, even 2 months can actually change the entire outlook on a stock. Now, while 2 months haven't changed my outlook for Glencore PLC ( GLCNF ) ( GLNCY ), a company I reviewed back in March of this year (less than 3 months ago from the time of writing), there are some fundamental changes that I believe do warrant a bit of an update - because I'm going to increase my PT a bit. Now, to be clear, Glencore has not significantly outperformed the market. If you look at the RoR below, it's clear that the company has actually underperformed the SPY - if only marginally. So while my "HOLD" rating was wrong on the basis of upside, it wasn't wrong on the basis of market-beating upside - and that is what I tend to look for when I invest. Seeking Alpha Glencore Upside RoR There were a couple of uncertainties that I mentioned in my previous piece that have, as of this article, actually been clarified a bit and come with resolutions. Combining that with earnings and slightly changed estimates means we're in a better position to give a fair value. Furthermore, it's a good thing to look at the impacts of things like the ongoing Middle East conflict, because something like that will obviously change fundamentals in how these companies cost and operate. It doesn't take a math professor to know that in such an environment, input costs are going to rise. And this goes beyond just the input for fuel and the like, which, nevertheless, is significant. There's also the inverse correlation that Glencore uniquely enjoys. What I mean by this is that the company's trading arm can, in times of extreme volatility, actually do a lot better than investors expect. The mix of these factors is what I will be looking at as of ...
June S&P 500 E-Mini futures ( ESM26 ) are up +0.36%, and June Nasdaq 100 E-Mini futures ( NQM26 ) are up +0.56% this morning as optimism surrounding artificial intelligence and hopes for a U.S.-Iran peace deal boosted sentiment. The price of WTI crude fell over -4% on Wednesday amid optimism that the U.S. and Iran are close to reaching a deal to fully reopen the Strait of Hormuz. Tehran has indica...
June S&P 500 E-Mini futures ( ESM26 ) are up +0.36%, and June Nasdaq 100 E-Mini futures ( NQM26 ) are up +0.56% this morning as optimism surrounding artificial intelligence and hopes for a U.S.-Iran peace deal boosted sentiment. The price of WTI crude fell over -4% on Wednesday amid optimism that the U.S. and Iran are close to reaching a deal to fully reopen the Strait of Hormuz. Tehran has indicated that recent U.S. strikes on Iranian targets would not derail talks. U.S. Secretary of State Marco Rubio said on Tuesday it could take a few days to finalize details of a potential agreement. Treasuries extended their rebound as lower oil prices eased inflation concerns, with the 10-year yield falling three basis points to 4.47%. Market participants are now awaiting remarks from Federal Reserve officials and earnings reports from several high-profile companies. In yesterday’s trading session, Wall Street’s major indexes closed mostly higher, with the S&P 500 and Nasdaq 100 notching new all-time highs. Chip and AI infrastructure stocks rallied, led by a more than +19% jump in Micron Technology ( MU ) after UBS raised its price target on the stock to a Street-high $1,625. Also, shares of rocket and satellite companies soared as investor enthusiasm for the sector intensified after SpaceX filed for a public offering last week, with Redwire Corp. ( RDW ) surging over +26% and AST SpaceMobile ( ASTS ) climbing more than +13%. In addition, travel stocks advanced, with American Airlines ( AAL ) rising over +7% and United Airlines ( UAL ) gaining more than +5%. On the bearish side, AutoZone ( AZO ) slumped about -9% and was the top percentage loser on the S&P 500 after the car-parts retailer posted weaker-than-expected FQ3 revenue. Economic data released on Tuesday showed that both consumer confidence and home price growth continued to soften. The U.S. Conference Board’s consumer confidence index fell to 93.1 in May, a smaller decline than expectations of 91.9. Separately, the U....
In this article CRM IGV SMH Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:01 01:01 Options sentiment in software stocks turns bullish Options Action Options traders are convinced the "SaaS-pocalypse" is over. Whether that's true will likely depend on the market's reaction to Salesforce earnings after the bell Wednesday. Volume ratios in options trading on the iShares Expanded T...
In this article CRM IGV SMH Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:01 01:01 Options sentiment in software stocks turns bullish Options Action Options traders are convinced the "SaaS-pocalypse" is over. Whether that's true will likely depend on the market's reaction to Salesforce earnings after the bell Wednesday. Volume ratios in options trading on the iShares Expanded Tech-Software Sector ETF (IGV) have been increasingly bullish throughout this month, including on Tuesday — when more than twice as many calls traded as puts, with a heavy bias toward call-buying. By comparison, five times more puts traded in the VanEck Semiconductor ETF (SMH) than calls. Cloud giant Salesforce, down more than 50% from its all-time highs more than 18 months ago, will likely have an outsized impact on the group, which is now up more than 25% since its low in April — a technical definition for a new bull market. Stock Chart Icon Stock chart icon Salesforce, 1 year More options contracts traded in Salesforce alone than in the IGV on Tuesday, and total premium exchanged was almost three times more, with 61% of premium in Salesforce traded around call contracts, according to SpotGamma data. More than 10,600 calls were bought, compared to just over 4,100 puts. Options traders are expecting an abnormally big move for the stock. Implied volatility is pricing in a 7.8% swing, more than twice the realized move after the past four earnings reports, according to Cboe LiveVol data. Many of the biggest trades by dollar amount were done in the June 18 expiry, but at least one trader in Salesforce has short-term high hopes: They spent $650,000 buying 2,000 of the 195-strike calls expiring Friday, looking for an almost exactly 10% move into the weekend. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Pla2na/iStock via Getty Images Investment Thesis Today, I'm excited to initiate coverage on the Vanguard International High Dividend Yield ETF ( VYMI ), one of the most popular ETFs in its category, with over $19 billion in assets and an ultra-low 0.07% expense ratio as of February 1, 2026 . It's a big milestone for me. After writing over 1,000 articles on U.S. Equity ETFs over the last six years ...
Pla2na/iStock via Getty Images Investment Thesis Today, I'm excited to initiate coverage on the Vanguard International High Dividend Yield ETF ( VYMI ), one of the most popular ETFs in its category, with over $19 billion in assets and an ultra-low 0.07% expense ratio as of February 1, 2026 . It's a big milestone for me. After writing over 1,000 articles on U.S. Equity ETFs over the last six years on Seeking Alpha, I've dramatically expanded my coverage universe to include International ETFs, and with that comes the same type of detailed, under-the-hood fundamental analysis I know my readers appreciate. In the article below, you can expect to find region, sector, factor, and performance comparisons with peers like the iShares International Select Dividend ETF ( IDV ), the Schwab International Dividend Equity ETF ( SCHY ), and the Vanguard International Dividend Appreciation ETF ( VIGI ). This article also includes a discussion about whether it's worth holding several of these funds at once, and importantly, my take on if VYMI's dividend yield, which I estimate to be 3.95% at current prices, is safe and can increase moving forward. I hope you enjoy the read, and as always, I look forward to your comments afterward. VYMI Overview First, the basics. According to VYMI's website , the fund is in the Foreign Large Value category, launched on February 25, 2016, has a 0.07% expense ratio, and tracks the FTSE All-World ex US High Dividend Yield Index. Vanguard lists its Risk-to-Reward rating at a 5/5, indicating it's "aggressive," associated with "unusually high volatility," and "may be appropriate for investors who have a long-term investment horizon." I'll add that analyst coverage is lower for foreign stocks, and accounting standards by country can vary widely. Still, I should point out that the Vanguard High Dividend Yield Index Fund ETF ( VYM ) has a 4/5 rating, so these ratings obviously include all fund types, not just equity funds. Based on actual risk and return stat...
Costco Wholesale ( COST ) is set to report FQ3 results after the close on Thursday, with Wall Street looking for another solid quarter from the warehouse retailer. Analysts expect the retailer to report revenue of $69.7B, comparable sales growth of around 6.7%, and EPS of $4.97, up from last year's mark of $4.28. Key topics on the conference call will include the comparable sales and traffic trend...
Costco Wholesale ( COST ) is set to report FQ3 results after the close on Thursday, with Wall Street looking for another solid quarter from the warehouse retailer. Analysts expect the retailer to report revenue of $69.7B, comparable sales growth of around 6.7%, and EPS of $4.97, up from last year's mark of $4.28. Key topics on the conference call will include the comparable sales and traffic trends for the current quarter, including the breakdown on any shifts in basket size and mix between discretionary and staple categories as inflation and fuel costs factor in. Investors will also be listening for updates on membership renewal rates and any hints on future membership fee timing. The plan for international store openings will also be a talking point. UBS analyst Michael Lasser expects Costco ( COST ) to deliver a robust set of results amidst an increasingly challenging macro environment. "Importantly, we think COST will be able to ease concerns on all fronts through its 3Q print. Plus, this quarter should provide COST an opportunity to once again demonstrate its ability to drive performance regardless of the macro backdrop," he noted. Lasser and his team believe Costco ( COST ) is very well-positioned to navigate higher fuel prices due to its customer demographics, potential traffic benefit from incremental fueling visits, and the rigorous focus on value. A wildcard with the report will be any commentary on the timeline for a special dividend payout, since the last special dividend payout was January 2024 and the company has historically distributed special dividends every two to three years. On Wall Street, 22 firms have a Buy-equivalent rating on Costco ( COST ) vs. 12 Hold-equivalent ratings and 2 Sell-Equivalent ratings. The Seeking Alpha Quant rating on the club warehouse chain is flashing Hold. Shares of Costco ( COST ) have cooled off over the last week after hitting an all-time high of $1,096.50 on May 19. More on Costco Costco Q3 Earnings Preview: Great B...
In the wake of attacks on CEOs, a nationwide protest movement targeting data centers, and increasing concerns about AI job replacement, federal intelligence agencies and domestic law enforcement are circulating reports with a new domestic target in mind: anti-technology extremists. More than 1,000 pages of unpublished reports from the Department of Homeland Security, FBI, and fusion centers obtain...
In the wake of attacks on CEOs, a nationwide protest movement targeting data centers, and increasing concerns about AI job replacement, federal intelligence agencies and domestic law enforcement are circulating reports with a new domestic target in mind: anti-technology extremists. More than 1,000 pages of unpublished reports from the Department of Homeland Security, FBI, and fusion centers obtained by WIRED show a national shift taking place to surveil this new and worryingly broad category of people and activities deemed an emerging threat. This new effort follows President Donald Trump's National Security Presidential Memo 7 , which instructs the Department of Justice to target anyone holding “anti-American,” “anti-Christian,” and "anti-capitalism” beliefs. Earlier this month, Trump's counterterrorism czar, Sebastian Gorka, released a public counterterrorism strategy claiming that left-wing extremists are one of the three top counterterrorism priorities facing the United States. Read full article Comments
Many people assume financial success only means becoming extremely wealthy, hitting a point where you can pretty much buy anything you desire. But many of us fail to consider the merits of financial stability. Having enough is much more subtle than a flashy lifestyle and $80k cars parked in the driveway. In reality, many Americans ... Signs You’re Financially Better Off Than You Think
Many people assume financial success only means becoming extremely wealthy, hitting a point where you can pretty much buy anything you desire. But many of us fail to consider the merits of financial stability. Having enough is much more subtle than a flashy lifestyle and $80k cars parked in the driveway. In reality, many Americans ... Signs You’re Financially Better Off Than You Think