Manulife Financial Corp. (MFC.TO) announced Wednesday that they have sold another $2.5 billion in stock and Donald Guloien, President and Chief Exectutive Officer, describes the move as a creation of “fortress levels of capital.” Just in case you haven’t followed the Manulife storey, here’s a little update: Only 12 months ago Manulife sold another $2.275 [...]
On Sunday Afternoon CIT Group (NYSE:CIT) finally filed for Chapter 11 Bankruptcy Protection. If you have been keeping up with previous posts on this blog then you know that this is the beginning of the next economic shoe to drop on the World Economy. This is estimated to be the fourth-largest bankruptcy filing in U.S [...]
Royal Bank of Canada (RY) Toronto Dominion Bank (TD) * Michael Assoline’s Pick (Analyst @ Raymond James Financial) Bank of Nova Scotia (BNS) Bank of Montreal (BMO) Canadian Imperial Bank of Commerce (CM) Add National Bank of Canada (NA) to get ‘the big 6 banks’ If you wanted to find consistency and a healthy income [...]