Dividend 15 Split Corp. announced that the Toronto Stock Exchange has approved its Normal Course Issuer Bid (NCIB) to buy back up to 10% of its Preferred and Class A shares. The NCIB starts June 3, 2026, and runs through June 2, 2027, allowing the company to repurchase up to 16.4 million Preferred Shares and 16 million Class A Shares. This move aims to use company funds effectively and potentially increase shareholder value by reducing outstanding shares. No shares were bought under the previous NCIB that ended June 1, 2026.
Canadian Banc Corp. announced an overnight offering of its preferred shares priced at $10.33 per share, led by National Bank Financial Inc. The offering period ends May 28, 2026, with expected closing around June 4, 2026, pending TSX approval. Procee...
Bank of Montreal (BMO) stock currently trades at a high price-to-earnings ratio of 17x, well above its historical range of 10-12x. This premium is driven by optimism around U.S.-focused growth following the Bank of the West integration. However, the ...
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 capi...
