July 20, 2024

The Queens County Citizen

Complete Canadian News World

Active stocks: Toyota, Severstall, TD Bank, CIBC Bank

Active stocks: Toyota, Severstall, TD Bank, CIBC Bank

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Toyota (TM, US $ 181.38) announced Thursday that it is “ready” to sell 100% “zero-emission” vehicles (electric or hydrogen) in Western Europe from 2035. The world’s leading manufacturer has not complied with COP26’s commitment in Glasgow: almost thirty countries and some car manufacturers (Ford, Mercedes, General Motors, Volvo) are committed to “working” to ensure that all new cars sold by 2040 have zero emissions. , And in major markets by 2035. Toyota announced on Thursday that it was “ready to reduce the CO2 emissions of all new vehicles by 100% by 2035 in Western Europe by 2035, in line with the European Commission’s proposals to ban combustion engines the same year.” Subject to the establishment of “zero emission” sales, by then, there will be sufficient infrastructure for electric recharging and hydrogen refueling, as well as the necessary increase in renewable energy efficiencies, “said Matt Harrison, President of Manufacturers in Europe. Many manufacturers have already expanded their electric range, the group hopes to launch bZ4X, its first 100% electric SUV marketing worldwide by mid-2022. In September, he announced that he would invest an equivalent of 11 11 billion in the development of batteries for electric and hybrid vehicles by 2030. It plans to launch 15 100% electric models by 2025.

Russian steelmaker Severstall (CHMF.ME, $ 1,564.40 RUB), owned by Russian billionaire Alexei Mordachov, announced on Thursday that it was selling its coking coal assets to reduce its carbon footprint, with Russian groups recently launching initiatives to “clean up” their operations. The deal appears to have allowed Severstall to “clean up” their own assets on paper, while at the same time collaborating with the group to procure coal. In a press release, Severstal announced that it had “signed a binding agreement with the Raskaya Energy Group for the sale of its coking coal assets”, naming it “Vorkutagol” for 15 billion rubles (current rate of 8 1.8 billion). With this sale, Severstall wants to “reduce our carbon footprint” but states that “in the medium term, coal will be an integral part of steel production”. Very little is known about the group that buys these assets, Raskaya Energia. Sales must be completed in the first quarter of 2022, following the contract of the anti-monopoly service, Severstall dictates. Severstall said workaholics in the Arctic account for 14% of annual greenhouse gas emissions.

TD Bank Group (TD.TO, $ 91.98) Its fourth-quarter net income reported on Thursday fell significantly to $ 3.781 billion from $ 5.143 billion, but at the same time, adjusted net income rose 30% from $ 2.97. 2020 billion in the last three months to $ 3.866 billion this year. The firm reported earnings of $ 2.04 per share for the most recent quarter, compared to $ 2.80 in the fourth quarter of 2020. At the same time, adjusted dilute earnings per share increased from $ 1.60 to $ 2.09. TD Bank Group attributed the 26% year-on-year decline in net income to the effects of the sale of the bank’s stake in TD Ameritrade. For the full year 2021, net income rose to $ 14.298 billion, or $ 7.72 per share, compared to $ 11.895 billion or $ 6.43 per share for the 2020 fiscal year. Over the same one-year period, adjusted net income reached $ 3. 14.649 billion, or $ 7.998 billion compared to $ 7.91 per adjusted diluted share, or $ 5.36 per diluted share adjusted in 2020. Group TD Bank has announced a $ 0.10 dividend increase per share for the quarter ended January 31, 2022. 13% increase.

The Bank CIBC (CM-PQ.TO, $ 24.51) Net income for the fourth quarter of the current fiscal year was $ 1.44 billion or $ 3.07 per share, or 42% of the total of $ 1.016 billion or $ 2.20 per share for the corresponding quarter of the 2020 fiscal year. Adjusted net income for the quarter ended October 31 was up 23% year-on-year. During the same period it increased from $ 1.28 billion to $ 1.573 billion. CIBC reports that fourth-quarter 2021 results were particularly affected by the $ 109 million charge related to the consolidation of the mortgage portfolio. For the full year ended October 31, CIBC reported adjusted net income of $ 6.4 billion and adjusted net income of $ 6.7 billion, compared to reported net income of $ 3, $ 8 billion and adjusted net income of 2020. CIBC also announced. Ordinary share increases from $ 1.46 to $ 1.61 per share for the quarter ended January 31.

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