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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (4146)	12/2/1997 9:53:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Canadian banks..great earnings, "HOT" bets for next few days.. Canadian Imperial Bank of Commerce (Toronto:CM.TO) National Bank of Canada (Toronto:NA.TO - news) Royal Bank of Canada (NYSE:RY ) Toronto-Dominion Bank (Toronto:TD.TO) ___________________ Canada banks poised for fourth straight record year By Paul Casciato TORONTO, Nov 18 (Reuters) - Canada's Big Six banks are poised to report their fourth straight year of record profits -- shattering 1996's C$6.26 billion ($4.42 billion) -- as they begin their fourth-quarter earnings parade this week. (Ed. note: missed first week but some are reporting Dec 3,4,and 5th) ''There's no reason to expect that we should not get record profits this year,'' Roy Palmer, analyst at Toronto-Dominion Securities Inc., said. ''And the outlook is very positive for next year, too.'' In a year marked by big takeovers, missed acquisition opportunities, volatile markets and speculation about a government review of the future of financial services, the major banks increased their bottom lines by shrinking loan losses and expanding trading volumes. The big banks dominate Canada's securities industry. Toronto-Dominion Bank (NYSE:TD - news; Toronto:TD.TO - news) launches the quarterly earnings reports on Thursday. An IBES survey of analysts said earnings for the three months ended Oct. 31 at Canada's fifth largest bank were expected to rise to C95 cents (67 cents) a share from C79 cents (56 cents) a share in 1996. Third-ranked Bank of Montreal (NYSE:BMO - news; Toronto:BMO.TO - news), which reports on Nov. 25, is expected to post fourth-quarter earnings of C$1.26 (89 cents) a share, up from year earlier C$1.04 (74 cents) a share, according to the IBES survey. Quarterly earnings at fourth-ranked Bank of Nova Scotia (Toronto:BNS.TO - news) are seen rising to C$1.22 (86 cents) a share from C$1.08 (76 cents) a share in 1996. The bank reports Nov. 26. Royal Bank of Canada [NYSE:RY - news], Canada's biggest bank, reports on Dec. 3, with analysts surveyed by IBES forecasting earnings to increase to C$1.32 (93 cents) a share from C$1.09 (77 cents) a share in 1996. Earnings at second-ranked Canadian Imperial Bank of Commerce (Toronto:CM.TO - news) are seen rising to C89 cents (63 cents) a share from C75 cents (53 cents) a share, after being restated for a 2-for-1 share split in March. Analysts expect sixth-ranked National Bank of Canada (Toronto:NA.TO - news) to report fourth-quarter earnings of C49 cents (35 cents) a share, up from last year's C41 cents (29 cents) a share. National and Canadian Imperial report on Dec. 4. Analysts speculate that the fourth quarter could see Canadian Imperial topple Royal Bank as Canada's biggest bank in terms of assets. "The race is neck and neck now," Palmer said. As of the quarter ended July 31, Royal Bank had assets of C$245.8 billion ($173.9 billion), versus Canadian Imperial's C$240.4 billion ($170.1 billion). Canadian Imperial's brokerage arm, CIBC Wood Gundy, acquired mid-sized Wall Street brokerage Oppenheimer & Co. for about $525 million last summer. The bank also acquired Australian broker Eyres Reed in a private deal. Royal Bank lost out to Canadian insurer Great-West Lifeco Inc. ((Toronto:GWO.TO - news)) in a bidding war this year for London Insurance Group (Toronto:LON.TO - news), one of Canada's biggest insurers.

To: LastShadow who wrote (4146)	12/3/1997 6:29:00 PM
From: Suma	Read Replies (1) \| Respond to of 120523

Dear LastShadow: (what a name choice for such a terrific guy.. I enjoy your posts tremenduously... Thank you for your imput. The oil suppliers and drillers really rallied today. I don't know whether it can be sustainable but my old EVI which I sold at 58 and which was at 48 yesterday closed about 53. DO is my favorite in this sector... but would like to find some low priced ones like SESI and buy more shares so that when they do move it is a nice ride UP. I am down 40% as I have mostly tech stocks... Just sold COMS last week at what I had paid for it..33. AM a holder of CYMI and DATM and look what has happened there. I bought HIGH... ALso, have some gems like NKE...INTC..LU...TNL...and I say this dispairingly as they are down really badly from purchase price. HOWEVER... CSCO, HD..F..ABT..XON..holding me above water as they have been long time holds and after splits owe me very little. Good trading to another anonymous great sounding guy. SUMA... my sisters and my name combo.