Financial News

Page 136 of 242

BMO Keeps Ivanhoe Mines' Outperform Rating, C$16.00 Price Target Following Q1 Production Results

BMO Capital Markets on Tuesday reiterated its outperform rating on the shares of Ivanhoe Mines (IVN.TO) and its C$16.00 price target following the company's first-quarter production results.Ivanhoe's copper in concentrate production of 61,906 tonnes in the first quarter was relatively close to guidance and BMO's expectations.BMO expects the market to be looking to the second half for higher mining rates and higher production that show a trajectory towards 500,000 tonnes per year of copper.Ivanhoe also remains one of the few mining companies with surplus sulfuric acid production, BMO added.Price: $12.62, Change: $+0.62, Percent Change: +5.17%

$IVN.TO

Australia6d ago

Market Chatter: Shell, Abu Dhabi National Oil in Late-Stage Sale Talks Over South African Gas Stations

Shell (SHEL) is in late-stage discussions to sell its South African retail fuel network to Abu Dhabi National Oil, Bloomberg reported Tuesday, citing people with knowledge of the matter.The prospective $1 billion transaction includes 600 fueling locations and would secure a 10% regional market share for the buyer, the media outlet reported.A final agreement could be reached during the current quarter after earlier acquisition negotiations with Gunvor Group collapsed, according to the publication.Shell and Abu Dhabi National Oil did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $91.37, Change: $-1.23, Percent Change: -1.33%

$SHEL

Australia6d ago

US Insurers Seen Posting Light Q1 Catastrophe Losses Amid Pricing, Cost Pressures, BofA Says

US insurers are expected to post relatively light catastrophe losses in Q1, though softer pricing trends and rising costs may weigh on earnings, BofA Securities said in a Tuesday note.Catastrophe losses are projected to remain below historical averages which may provide near-term support for major insurers. Moderating property and casualty premium rate increases and ongoing claims inflation may pressure underwriting margins, according to the firm.The brokerage also flagged rising expense pressures as insurers increase spending on technology, data infrastructure and AI initiatives. These investments support long-term competitiveness but near-term benefits are limited and may add to margin pressure in upcoming results, BofA said.The brokerage expects a mixed Q1 backdrop for US insurers. Supportive catastrophe trends may be offset by slower pricing growth. Ongoing macro pressures and rising cost bases may also weigh across the sector, the note added.BofA also updated select insurer price targets, lowering its target on AIG (AIG) to $79 while maintaining a neutral rating, raising Progressive's (PGR) target to $298 with a buy rating, and cutting Chubb's (CB) target to $271 while keeping an underperform rating.Price: $78.00, Change: $+0.17, Percent Change: +0.22%

$AIG$CB$PGR

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Mining & Metals6d ago

OSFI's Annual Risk Outlook Flags Key Risks For Financial Sector, Regulator's Response

The Office of the Superintendent of Financial Institutions (OSFI) on Tuesday said it will focus on achieving "resilience in stress" for the Canadian banking sector.In its 2026-2027 Annual Risk Outlook, released on Tuesday, the regulator flagged real-estate secured lending risks, non-bank financial institution risks, liquidity and funding as the key issues facing the financial sector.Housing and mortgage pressures have increased in some parts of the country. Risks outside the traditional banking system have also expanded, including in areas where non-bank lenders and investment funds are taking on more borrowing. Global uncertainty may also impact confidence in funding markets."Although cost and availability of funding have remained stable, the speed at which a liquidity event could unfold remains a key concern," the report noted.To mitigate these risks, OSFI's supervisory work will include reviewing contingency funding and recovery plans at banks. "We will assess how internationally active institutions consider geopolitical shocks in their plans. We will also focus on the ability of institutions to report liquidity and funding positions under short timelines, including cross-border exposures," the agency said.OSFI will continue to advance work on liquidity-risk guidance for deposit-taking institutions throughout 2026. The most recent revisions to liquidity adequacy requirements will take effect on May 1, 2026, targeting specific retail deposit categories. The regulator will release further updates to liquidity adequacy requirements for consultation as part of the second quarterly release on May 21.OSFI also plans to release a draft internal liquidity adequacy assessment process guidance for consultation as part of the May quarterly release.Price: $202.70, Change: $+1.16, Percent Change: +0.58%

$BMO.TO$BNS.TO$CM.TO$NA.TO$RY.TO$TD.TO

Financial News

BMO Keeps Ivanhoe Mines' Outperform Rating, C$16.00 Price Target Following Q1 Production Results

Market Chatter: Shell, Abu Dhabi National Oil in Late-Stage Sale Talks Over South African Gas Stations

US Insurers Seen Posting Light Q1 Catastrophe Losses Amid Pricing, Cost Pressures, BofA Says

BMO Keeps Ivanhoe Mines' Outperform Rating, C$16.00 Price Target Following Q1 Production Results

Market Chatter: Shell, Abu Dhabi National Oil in Late-Stage Sale Talks Over South African Gas Stations

US Insurers Seen Posting Light Q1 Catastrophe Losses Amid Pricing, Cost Pressures, BofA Says

Tyler Completes Acquisition of For The Record

Boeing Reports Higher Q1 Airplane Deliveries

Janus Living Poised for Strong Growth on SHOP Focus, External Opportunities, RBC Says

Morgan Stanley Sees Eurozone Industrial Production Declining Much Less in February Than in January

NOV Offers Upside From Improved Offshore and Short-Cycle Activity but Better Alternatives Exist, RBC Says

Chevron's Renewable-Fuels Upside Overlooked Ahead of 2026 Margin Rebound, UBS Says

EU Approves $4.37 Billion Czech Biomethane Aid Scheme to Boost Clean Energy Output

Harrow Taps LogiCare3PL as Distribution Partner

OSFI's Annual Risk Outlook Flags Key Risks For Financial Sector, Regulator's Response

Janus Living Offers 'Compelling' Growth as Pure-Play Senior Housing REIT, Morgan Stanley Says

PepsiCo Looks to Have Solid Q1, Retain Current Fiscal 2026 Guidance, RBC Says

BofA Securities Adjusts MetLife Price Target to $99 From $103, Maintains Buy Rating

Insmed Sees Favorable Physician Feedback on Brinsupri, RBC Capital Markets Says

BofA Securities Adjusts Marsh & McLennan Price Target to $174 From $181, Maintains Underperform Rating

BofA Securities Cuts Principal Financial Price Target to $92 From $96, Maintains Neutral Rating

BofA Securities Adjusts Neptune Insurance Price Target to $26 From $23, Maintains Neutral Rating

Copper Giant Resources Says Its First Directional Daughter Holes Beat Resource Model at It Mocoa Project