BMO Financial Group, Bank of Nova Scotia, and National Bank of Canada all reported second-quarter earnings that exceeded analyst expectations, each raising their quarterly dividends. BMO led with a 34% profit increase to $2.63 billion, driven by capital markets despite weaker domestic retail, and plans to sell some finance businesses. Scotiabank posted adjusted earnings of $2.02 per share, with strong efficiency gains but a slight decline in global banking. National Bank also beat estimates with strong capital markets performance and raised its dividend by 6.5%. These results suggest improving profitability and confidence in the Canadian banking sector amid mixed segment performances.
KKR & Co. Inc. is spearheading a significant A$400 million financing deal for Ampol Limited, showcasing its strong global investment strategy and robust asset management. Despite Bank of Montreal lowering KKR's price target to $112 from $120, the fir...
Alterra IOS closed a $400 million refinancing deal led by Truist and KeyBank, using an equity pledge structure instead of traditional mortgages. The financing covers 99 industrial outdoor storage properties across 27 states, totaling 551 acres and 2....
