Stocks in action: Thomson Reuters, BMO, ScottyBank, HSBC …

Here is a selection of announcements that will push (or make) the prices of these companies:

(Come back from time to time and read us
So that the update is not missed)

Thomson Reuters (TRI, US $ 85.97) on Tuesday reported a fourth-quarter profit of US $ 562 million, higher than expected, and announced an increase in its quarterly dividend. The company will now pay a quarterly dividend of 40.5 US cents per share, 2.5 US cents out of the 38 US cents previously paid. Thomson Reuters reported earnings per share of US $ 1.13 for the quarter ended December 31, compared to a profit of US $ 1.32 billion, or US $ 2.64 per share, for the same period a year earlier – In which he enjoyed a large time advantage. Quarterly income was US $ 1.62 billion in the fourth quarter of 2019, over US $ 1.58 billion. On an adjusted basis, Thomson Reuters achieved earnings of US $ 54 cents per quarter, compared to 37 cents US for the same period. one year ago. Analysts on average expected adjusted profit of 46 cents per share, according to forecasts collected by financial data firm Refinitive.

BMO Financial Group (BMO.TO, $ 101.84) posted book net income of $ 2.02 billion, or $ 3.03 per share for the first quarter of January 31, compared to net income of $ 1.6 billion in the same quarter of FY 2020. Adjusted net income increased from $ 1.6 billion to $ 2 billion, or $ 3.06 per share, in the same period. BMO Capital Markets reported 2021 net book income in the first quarter of $ 483 million, up from $ 127 million or 36% a year earlier, and after adjustments it was up $ 127 million, or 35%, to $ 489 million. Revenue growth was 6%.

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Banke Scotia (BNS.TO, $ 72.08) increased its profit slightly in the first quarter of 2021 compared to the same period in the previous fiscal year. Net income has increased from $ 2.3 billion to $ 2.4 billion in one year. Diluted as earnings per share, it rose 1% during the same period, from $ 1.84 to $ 1.86. Adjusted net income was $ 2.4 billion and adjusted diluted income per year was $ 1.88, up 3% from the same quarter last year. Scotiabank President and Chief Executive Officer Brian Porter reported that all four lines of business contributed to these results.

British banking giants HSBC (HSBC, US $ 29.98) on Tuesday promised to accelerate its Asian refocure despite tensions between China and Western countries, reporting a 35% drop in annual profits due to the epidemic. Annual net income in 2020 was $ 3.9 billion, down from $ 5.9 billion a year earlier, higher than credit loss and loss charges. Noel Quinn, who was confirmed in March as managing director after John Flint was ousted in August 2019, said “the epidemic inevitably affected our performance,” adding: “The bulk of the first part of the global economy After the closure “credit losses steadily increased during the year, and interest rate cuts led to a decrease in revenue in interest rate sensitive areas. “

British Airline Easyjet (EZJ.L, 947.20 pence) reported a 337% increase in bookings from the UK within hours of government announcements about the reopening of the economy due to the virus. EasyJet also noted in its press release published late Monday evening that residency reservations increased 630% compared to customers wanting to “make up for lost time” in recent weeks. The British Prime Minister, Boris Johnson, on Monday called for a return goal to be nearly normal for the summer, by presenting a decisive strategy that he wants to be “prudent”, but “irreversible” and which will reintegrate schools in early March Will begin with opening from. . In view of the announcements, shares of the travel sector saw a spurt on the London Stock Exchange on Tuesday.

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About the Author: Forrest Morton

Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.

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