Tag Archives: WFC

Top Canadian Stocks To Own Right Now

In a bid to diversify its portfolio in the everyday rewards space, Canadian Imperial Bank of Commerce (CM Quick QuoteCM ) , commonly called CIBC, is set to acquire Costco Wholesale Corporation’s (COST Quick QuoteCOST ) existing portfolio of Canadian co-brand credit card. The Canadian Costco credit card portfolio has more than $3 billion in its outstanding balances. Financial terms of the deal remained undisclosed.

Shares of CIBC gained marginally, post announcement of the acquisition, raising investor optimism on the deal.

Capital One Financial Corporation (COF Quick....More>>>

Best Bank Stocks To Own For 2023

By James Glynn

SYDNEY–Australia’s job market buckled in August as the impact of lengthening lockdowns took a toll on hiring.

Job ads dropped 2.5% in August, following a downwardly revised 1.3% fall in July, according to the ANZ Bank’s job ads survey.

However, job ads are still more than a quarter above their pre-pandemic level and holding up much better than during the national lockdown last year, ANZ senior economist Catherine Birch said.

The cumulative 3.7% fall in job ads over the past two months was miniscule compared with the 64% plunge last....More>>>