Canada Stocks to Watch: National Bank, Magellan
Here are a few stocks we’re keeping an eye on today:
National Bank NA.T -1.48% of Canada wrapped up bank earnings season for Canada’s big banks late Thursday, posting a better-than-expected profit of C$379 million, or C$2.14 a share. Unlike its five larger peers, National Bank didn’t raise its quarterly dividend.
Magellan Aerospace MAL.T +0.77%said it has acquired John Huddleston Engineering Ltd., a European maker of aerospace components with annual revenue of about $25 million. Terms of the purchase weren’t disclosed.
It appears all but certain that Aluminum Corp. of China Ltd. 601600.SH -3.55% (ACH) won’t pursue its bid for Mongolia-focused, Toronto-listed coal miner SouthGobi Resources Ltd SGQ.T -5.94%. , according to SouthGobi Chief Executive Alexander Molyneux. The deadline for the offer expires next week.
Laurentian Bank of Canada LB.T +2.02%said third-quarter earnings edged up 3%. Adjusted earnings were C$1.27 a share, ahead of the Thomson Reuters mean estimate of C$1.22.
National Bank NA.T -1.48% of Canada wrapped up bank earnings season for Canada’s big banks late Thursday, posting a better-than-expected profit of C$379 million, or C$2.14 a share. Unlike its five larger peers, National Bank didn’t raise its quarterly dividend.
Magellan Aerospace MAL.T +0.77%said it has acquired John Huddleston Engineering Ltd., a European maker of aerospace components with annual revenue of about $25 million. Terms of the purchase weren’t disclosed.
It appears all but certain that Aluminum Corp. of China Ltd. 601600.SH -3.55% (ACH) won’t pursue its bid for Mongolia-focused, Toronto-listed coal miner SouthGobi Resources Ltd SGQ.T -5.94%. , according to SouthGobi Chief Executive Alexander Molyneux. The deadline for the offer expires next week.
Laurentian Bank of Canada LB.T +2.02%said third-quarter earnings edged up 3%. Adjusted earnings were C$1.27 a share, ahead of the Thomson Reuters mean estimate of C$1.22.
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