Scotiabank, also known as The Bank of Nova Scotia, is currently navigating a complex financial landscape as it implements strategic changes and faces challenges within the industry. Being Canada’s third-largest bank in terms of deposits and market capitalization, Scotiabank’s performance is closely monitored by investors and analysts alike. This comprehensive analysis delves into the bank’s … Read more
We achieved record full-year revenues of $2.427 billion, marking an 8.7% increase from the previous fiscal year. Our fourth quarter revenues rose to $639.9 million, a 11.9% increase, with net income at $44.6 million. Adjusted EBITDA for the quarter increased to $95 million, up 32.5% year-over-year. Looking ahead to fiscal 2025, we project revenue to … Read more
NiSource Inc., a leading energy provider, announced significant changes to its corporate governance in a recent SEC filing. The company eliminated certain preferred stock classes, including the Series C Mandatory Convertible Preferred Stock, which was automatically transferred and canceled on December 1, 2023. The Board of Directors also adopted amended and restated bylaws to align … Read more
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Vornado Realty Trust (NYSE:) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2024 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 4, 2024, after the New York Stock … Read more
Li Ning Company Limited (“Li Ning” or the “Company”) has announced that its subsidiary, LN Co, has entered into a Subscription and Shareholders’ Agreement with Founder Co, HongShan Venture, HongShan Motivation, and the JV Company for the formation of a joint venture in the British Virgin Islands. The JV Group’s main objective will be to … Read more
Kimberly-Clark Corporation (NYSE: KMB) announced its third-quarter 2024 results on Thursday, exceeding earnings expectations but falling short on revenue projections. The company also adjusted its full-year forecast for organic sales growth. The consumer goods company reported adjusted earnings per share of $1.83, beating the analyst consensus of $1.70. However, revenue for the quarter came in … Read more
Investing.com– Most Asian currencies were trading within a narrow range on Monday, with the yuan holding steady after the People’s Bank of China cut interest rates slightly more than anticipated. Meanwhile, the dollar remained close to recent highs. Regional currencies had been under pressure in recent weeks as expectations of smaller U.S. interest rate cuts … Read more
Investing.com– U.S. stock index futures saw a slight increase in evening trading on Sunday, with attention focused on upcoming earnings reports from the technology sector and other industries in the coming days. Futures stabilized following a positive session on Wall Street on Friday, with the stock indexes remaining close to recent record highs amidst signs … Read more
Investing.com — Wells Fargo analysts have expressed doubts about the recent high-profile policy announcements from China, suggesting that the measures taken are unlikely to have a significant impact on the country’s economic trajectory. The bank argues that the growth effects of these stimulus initiatives will be similar to past experiences and will not address the … Read more
Vincent P. Berger, Executive Vice President at HNI Corp (NYSE:), recently sold shares worth approximately $1.3 million, according to a Form 4 filing with the Securities and Exchange Commission. The transactions, which took place on October 16 and 17, 2024, involved the sale of a total of 23,654 shares at prices ranging from $55.03 to … Read more