09:00 AM EDT, 05/10/2024 (MT Newswires) -- Canadian banks are expected to report positive industry operating leverage for the first time in eight quarters in Q2, TD Securities said on Friday. The better operating leverage outlook mostly reflects normalizing expense growth supported by lower inflation and the restructuring efforts of 2023, analyst Mario Mendonca said in a note to clients....

09:02 AM EDT, 05/10/2024 (MT Newswires) -- CI Financial ( CIXXF ) on Friday reported first-quarter adjusted earnings of $132.8 million, or $0.86 per diluted share, down from $136.8 million, or $0.74 per diluted share, a year earlier. Analysts polled by Capital IQ expected $0.85. Revenue for the quarter ended March 31 was $645.7 million, up from $637.8 million a...

09:01 AM EDT, 05/10/2024 (MT Newswires) -- (Updates with a response from UBS in the final paragraph.) UBS Group ( UBS ) is considering a plan to reward bankers who land rich clients for the investment bank's wealth management business, Bloomberg News reported Friday, citing people with knowledge of the matter. The sources said that bankers who attract fresh clients...

CRH plc ( CRH ) shares are trading higher after it reported first-quarter FY24 results and disclosed its share repurchase program. Revenue rose 2% Y/Y to $6.5 billion, while organic revenues increased 1% Y/Y, aided by early-season project activity and favorable weather in certain regions of North America, which were further supported by pricing progress and contributions from acquisitions.  By segment, revenue from Americas Materials Solutions’ grew...