ADVFN US – Market Content Editor
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BMO Financial Beats Third-Quarter Forecasts as Capital Markets Earnings Surge
Bank of Montreal (NYSE:BMO) reported stronger-than-expected third-quarter results on Tuesday, supported by robust growth in its Capital Markets division and improved performances across its Canadian and U.S. banking operations. Adjusted earnings per share reached Cdn$3.96, ahead of analysts’ forecast of Cdn$3.74 and up 22% from Cdn$3.23 in the same quarter last year. Revenue increased 11%…
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Tuniu Shares Edge Lower as Third-Quarter Outlook Points to Modest Growth
Tuniu Corporation (NASDAQ:TOUR) reported higher second-quarter revenue on Tuesday and extended its run of adjusted profitability, although a cautious third-quarter outlook weighed on investor sentiment. Shares slipped 1.01% following the results. Revenue for the quarter reached RMB138.9 million ($20.5 million), representing an increase of 3.0% from RMB134.9 million in the same period last year. Adjusted…
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EHang Withdraws 2026 Guidance After Second-Quarter Revenue Miss
EHang Holdings (NASDAQ:EH) reported mixed second-quarter results on Tuesday, delivering a stronger-than-expected earnings performance but falling short of revenue forecasts as regulatory caution weighed on China’s low-altitude aviation industry. The market reaction was muted, with EHang shares edging just 0.58% higher in pre-market trading following the announcement. Adjusted earnings per share came in at RMB0.38,…
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Scotiabank Tops Third-Quarter Forecasts as Wealth and Capital Markets Deliver Record Results
Bank of Nova Scotia (NYSE:BNS) reported better-than-expected third-quarter results on Tuesday, supported by record performances across several of its main business divisions and stronger profitability compared with the same period last year. Adjusted earnings per share came in at Cdn$2.28, ahead of analysts’ forecast of Cdn$2.08. Revenue increased 11% year-on-year to Cdn$10.54 billion from Cdn$9.49…
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Wall Street Set to Open Higher as Crude Oil Extends Sharp Retreat: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures pointed to a stronger opening on Tuesday, suggesting equities could rebound after the major indices ended the previous session mostly lower. Sentiment improved as crude oil prices extended their sharp decline, easing concerns over energy costs and helping push U.S. Treasury yields lower. Oil had already broken a six-session winning streak on…
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Wolfe Research Sees August Payrolls Rising by 65,000 Ahead of September Fed Meeting
Wolfe Research expects the U.S. economy to have added 65,000 nonfarm payrolls in August, slightly above the consensus forecast of 55,000, as investors assess the labour market ahead of the Federal Reserve’s September policy meeting. The firm also forecasts the unemployment rate rising to 4.16% from 4.09% in July. Average hourly earnings are expected to…
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Citi Raises Corn, Soybean and Wheat Price Targets as El Niño Risks Intensify
Citi has increased its price forecasts for corn, soybeans and wheat, identifying the strengthening Super El Niño as its highest-conviction agricultural market risk heading into late 2026 and early 2027. The bank’s revised outlook reflects growing concern that increasingly severe weather conditions could disrupt agricultural production across several important growing regions, tightening supplies and supporting…
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Moderna Shares Rebound After Pullback Following Cancer Vaccine Rally
Moderna (NASDAQ:MRNA) shares rose 2.9% in pre-market trading, recovering some ground after several sessions of declines that followed a dramatic rally triggered by positive Phase 3 results for its personalised mRNA cancer vaccine, intismeran autogene. Moderna and partner Merck recently announced that intismeran met the primary endpoint in a late-stage Phase 3 trial, demonstrating a…
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Advanced Micro Devices Shares Rise After Raymond James Upgrades Stock to Strong Buy
Advanced Micro Devices (NASDAQ:AMD) shares gained 2.5% in pre-market trading after Raymond James upgraded the semiconductor company from Outperform to Strong Buy and lifted its price target to $641 from $565. The broker pointed to what it considers an attractive valuation and a compelling long-term growth opportunity, particularly in the market for server CPUs supporting…
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Nvidia Earnings Put Rubin Growth Story and AI Financing Strategy Under the Spotlight
Nvidia (NASDAQ:NVDA) will face a major test when it reports results on Wednesday, with investors looking for evidence that its next-generation Rubin chips can sustain the company’s rapid growth while scrutiny increases over the financing behind the artificial intelligence infrastructure boom. The chipmaker has emerged as the dominant beneficiary of massive investment in AI computing…