B Of A Securities analyst Ebrahim H. Poonawala revised the rating on several Canadian Banks amid a declining rates scenario.
The analyst says the rapid decline in interest rates (5yr yield -120bp since Oct high) lowers the probability of tail risk events posed by a higher for longer scenario.
Tronox Holdings PLC (NYSE: TROX) shares are rising higher after BMO Capital Markets upgraded the stock to Outperform from Market Perform at an increased
PGT Innovations Inc (NYSE: PGTI) and Masonite International Corp (NYSE: DOOR) shares are rising and declining, respectively, today following the acquisition deal.
KKR & Co Inc (NYSE: KKR) disclosed the buyout of a super-prime recreational vehicle (RV) loan portfolio worth $7.2 billion from BMO Bank National Association,
United States Steel Corp (NYSE: X) shares are soaring higher by around 28% following the news of its acquisition by Nippon Steel Corp (OTC: NISTF) for $14.1 billion-plus debt,