Archive for September 16th, 2008
Decade of Daddy Mirror Fund
16 September 2008Although he may be known to be a bit of a worrywart when it comes to Bank of Montreal, we should heed the concerns raised by the Genuity financial services research analyst earlier today (see prior post “Genuity Research now fretting about silence from Manulife and Great West Life” September 16-08). Since BMO makes [...]
Genuity Research now fretting about silence from Manulife and Great West Life
16 September 2008The traffic tells us you all are quite interested in real-time data when it comes to what is going on in the financial services world right now. Here’s the second instalment of the day from the financial services analyst at Genuity Capital Markets;
Since late last week and throughout the first two days of this [...]
Garth Turner campaign steps on a landmine
16 September 2008Back in the day, the Hon. Garth Turner was a very successful public speaker, and an author of books providing investment advice suitable for Joe and Jill Retail. At some point, he wanted to dive into politics, assuming that the interest he garnered in his speeches to investment conferences could be transformed into support [...]
Genuity Research imagines another $2B writedown for CIBC
16 September 2008It goes to show you how well capitalized the Canadian banks are, when CIBC (CM:TSX) could (down the road) write off another $3.7 billion, and still have sufficient Tier 1 capital according to a research note put out this morning by Genuity Capital Markets. This assumes, of course, that credit spreads widen in the [...]
Slow and Steady can still win the Race
16 September 2008Having worked at Canada’s biggest bank for 15 years, it’s fair to say that I was pretty sensitive while employed there to criticism of customers and even friends that “the Canadian Banks literally take no risk and aren’t nearly as aggressive (code for smart) as their U.S. counterparts”.
Well today I think it’s easy to [...]