JHVEPhoto Adobe (NASDAQ:ADBE) rose more than 1% on Tuesday as Deutsche Bank added the creative software maker to its Fresh Money list, citing its recent better-than-expected quarterly results. “Creative Cloud Net New [annual recurring revenue] is expected to grow in [the second-half] following two quarters of declines, with pricing headwindsContinue Reading
Mumemories/iStock via Getty Images Illinois Tool Works (NYSE:ITW) on Thursday was rated as a “catalyst call” Sell by analysts at Deutsche Bank. They said the maker of fasteners and components is at risk of continued underperformance during the upcoming earnings season. Illinois Tool’s (ITW) guidance of 1%-3% organic growth forContinue Reading
ilbusca Bank of Marin, part of Bank of Marin Bancorp (NASDAQ:BMRC), offloaded $293M in available-for-sale (AFS) securities as part of a strategy to reposition its balance sheet to drive earnings growth and increase return on equity, it said on Wednesday. “We have already redeployed some of the proceeds and expectContinue Reading
Marc Bruxelle/iStock Editorial via Getty Images Bank of Montreal (NYSE:BMO) announced a domestic public offering of $1B of subordinated note through its Canadian medium-term note program. The net proceeds from this offering will be added to the general funds of the Bank and will be utilized for general banking purposes.Continue Reading
DesignRage/iStock via Getty Images The Federal Reserve will release the results of its annual stress test after the close on Wednesday, which will determine the amount of capital that large banks will be required to set aside to help them weather a financial shock. The tests will calculate each bank’sContinue Reading
Joe Raedle/Getty Images News Toronto-Dominion Bank (NYSE:TD) priced a U.S. public offering of US$750M of 7.250% fixed rate reset limited recourse capital notes (LRCNs), series 4, the company said late Monday. The LRCNs will bear an interest rate of 7.250% annually, payable quarterly, for the initial period ending on, butContinue Reading
kentoh The Federal Reserve has produced a three-page document offering a lighter version of capital rules for large U.S. banks that has been shown to U.S. regulators, according to a media report. While the document does not provide an updated estimate of how much additional capital larges banks would haveContinue Reading
Oleg Elkov The U.S. dollar as measured by the widely watched US Dollar Index (DXY) “screens as expensive” relative to its key drivers, and the currency’s resilience looks set to persist in the near-term, Bank of America said this week. The Dollar Index (DXY) was around 105.81 on Friday, upContinue Reading
