Research – QuoteMedia, Inc. (QMCI) – Could A Bear Market Help This Company?

Friday, October 4, 2019

QuoteMedia (QMCI)

Could A Bear Market Help This Company?

QuoteMedia, based in Fountain Hills, Arizona, provides cloud-based financial data, market news feeds, and financial software solutions.  Its customers include financial service companies, online brokerages, clearing firms, banks, media portals, public corporations and individual investors.  The company provides a single source solution providing products such as streaming quotes, charting, historical data, technical analysis, news and research.  Information can customized and provided to multiple platforms including terminals and mobile devices.

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Investor meeting highlights. This report highlights notes from a recent non-deal road show with Dave Shworan, President and CEO. Fresh from recent investor conferences, management provided a constructive view of the outlook for the company.
  • New products coming.  Management indicated that Phase I data is complete to launch a new product set, which is possible in the next few…



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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Scotiabank supports young Canadians with a $500,000 donation to the Terry Fox PROFYLE program

Scotiabank supports young Canadians with a $500,000 donation to the Terry Fox PROFYLE program

Canada NewsWire

TORONTO, Sept. 18, 2019

TORONTO, Sept. 18, 2019 /CNW/ – Scotiabank has donated $500,000 to the Terry Fox Foundation PROFYLE program, to help give young Canadians with hard-to-treat cancers access to potentially life-saving treatment.

Scotiabank (CNW Group/Scotiabank) The Terry Fox PROFYLE – short for PRecision Oncology For Young peopLE – is a unique program that uses precision medicine to treat qualifying babies, children and young adults across Canada. Through this project, patients who are out of treatment options have their tumours and genomes profiled and analyzed, and are connected to a network of top cancer researchers. This helps to identify drugs that might work for these patients based on the molecular profile of their tumours.

“Young people are our future leaders and Scotiabank’s goal is to help ensure that they have the necessary resources they need to support their success,” says Karen Soos, Director of Philanthropy at Scotiabank. “We are investing in Terry Fox PROFYLE to help young people thrive and reach their infinite potential through improved access to the best healthcare. This program gives another chance to young people who have been told there are no more treatment options.”

Scotiabank and its employees are focused on enriching the lives of young people in the community. Through this donation, Scotiabank hopes to give more young people resources to help them grow into healthy, contributing adults. The Terry Fox PROFYLE program began in 2017 and today more than 300 children enrolled.

“We are so grateful for the support and commitment of Scotiabank in helping us to find new treatments and more answers for the 20% of children, adolescents, and young adults with hard-to-treat cancers,” says Heather Scott, Director of Development at The Terry Fox Foundation. “Terry Fox PROFYLE is an unprecedented Pan-Canadian precision medicine project that is showing promising results towards this goal. This initiative is possible thanks to the generosity of our donors like Scotiabank.”

Scotiabank has had a long relationship with the Terry Fox Foundation, dating back to Terry’s Marathon of Hope in 1980. Donations for the Terry Fox Run can be made at Scotiabank branches across Canada.

About Scotiabank

At Scotiabank, we aim to support organizations that are committed to helping young people reach their infinite potential. Young people are our future leaders and Scotiabank’s goal is to help ensure that they have the necessary skills and resources they need to support their success. Together with our employees, the Bank supports causes at a grassroots level. Recognized as a leader for our charitable donations and philanthropic activities, in 2018, Scotiabank contributed more than $80 million to help our communities around the world.

Scotiabank is Canada’s international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 100,000 employees and assets of over $1 trillion (as at July 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2019/18/c4373.html

For media enquiries only: Nicole Stevenson, Scotiabank, Nicolem.Stevenson@scotiabank.com, 437.227.3942 Copyright CNW Group 2019

Source: Canada Newswire (September 18, 2019 – 11:00 AM EDT)

News by QuoteMedia

www.quotemedia.com

Can Blockchain Revolutionize the Banking Industry?

Can Blockchain Revolutionize the Banking Industry?

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section) 

Blockchain technology will help to provide value to the banking industry through shared updated digital databases and ledgers as well as an additional level cryptographic security. Blockchain systems create an informational network allowing banks to efficiently and accurately process transactions and payments while lowering costs. Successful implementation of blockchain into banks will require global networking and unification, along with control standards to manage payments and limit risks. Banks will be able to use blockchain systems for cross-border transfers and remittances, providing additional identification processes with fewer errors.

Research – QuoteMedia, Inc. (QMCI) – Second Quarter Results Indicate Favorable Momentum

Wednesday, August 14, 2019

QuoteMedia, Inc. (QMCI)

Second Quarter Results Indicate Favorable Momentum

QuoteMedia, based in Fountain Hills, Arizona, provides cloud-based financial data, market news feeds, and financial software solutions. Its customers include financial service companies, online brokerages, clearing firms, banks, media portals, public corporations and individual investors. The company provides a single source solution providing products such as streaming quotes, charting, historical data, technical analysis, news and research. Information can customized and provided to multiple platforms including terminals and mobile devices.

Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Solid second quarter.  Total company revenues of $2.985 million increased an attractive 6.7%, in line with our $2.970 million revenue estimate. Operating cash flow (adj. EBITDA) was slightly better than expected at $0.577 million versus our estimate of $0.513 million.
  • Attractive sequential growth.  The second quarter represented an attractive 4% sequential revenue growth from the first quarter, one of the company’s best performances since…



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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research – Kelly Services (KELYA) – Will the Second Half of 2019 Be Better than the First Half?

Thursday, August 8, 2019

Kelly Services (KELYA)

Will the Second Half of 2019 Be Better than the First Half?

Kelly Services provides workforce solutions to a diversified group of customers in three regions: the Americas; Europe, the Middle East, and Africa (“EMEA”); and Asia Pacific (“APAC”). The customer base spans a variety of industries and includes more than 90 percent of the Fortune 100 companies. In 2018, the assigned approximately 500,000 temporary employees to a variety of customers around the globe.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • 2Q19 Results. Kelly Services reported revenue of $1.37B, down 1.4% for the quarter, and EPS of $2.12, although this number includes a number of positive items, compared to a loss of $0.40 in the same period last year. On a like basis, EPS would have been $0.-— compared to $0.54 last year.
  • Top Line The Issue. A difficult top line is the reason behind the miss, with comparable sales…




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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research – Kelly Services (KELYA) – Initiating Coverage; A Leading Staffing Company Poised for Additional Growth

Monday, July 29, 2019

Kelly Services (KELYA)

Initiating Coverage on a Leading Staffing Company Poised for Additional Growth.

Kelly Services provides workforce solutions to a diversified group of customers in three regions: the Americas; Europe, the Middle East, and Africa (“EMEA”); and Asia Pacific (“APAC”). The customer base spans a variety of industries and includes more than 90 percent of the Fortune 100 companies. In 2018, the assigned approximately 500,000 temporary employees to a variety of customers around the globe.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Initiation of Coverage. We are initiating coverage of Kelly Services with an Outperform rating and $32 12-month price target. At our price target, KELYA shares would trade at 12.9x our projected 2019 EPS and 8.8x our projected EBITDA, in-line with its peer group.
  • A Market Leader. One of the pioneers of the staffing industry, Kelly is the fourth largest U.S.-based staffing firm with leading positions in…



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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

News – Buybacks: Who benefits?

Why Corporate
Share Repurchases Are Brewing Controversy

(Note:
all the sources listed in the “Balanced” section)

Proponents
of tax cuts that went into effect in 2018 argued it would make corporations
more competitive and stimulate higher wages for employees and increase capital
investment.  Critics suggested the cuts
would benefit the wealthy with savings directed toward increasing executive
compensation tied to stock performance and returning capital to shareholders in
the form of higher dividends and share repurchases.  With a surge in corporate stock repurchase announcements
in 2018, buybacks could attract more attention, particularly from Democratic
lawmakers who took control of the House in January.   

News – Robinhood: Could it steal customers from the banks?

Robinhood turns personal finance upside down – again

(Note: all the sources listed in the “Balanced” section) 

Robinhood shocked both regulators and the financial industry when the stock-trading app announced in December that it would offer a no-fee checking and savings accounts that will pay a whopping 3% in interest. This will press traditional banks to compete given the current average U.S. savings account rate is 0.09%.

Robinhood first sent a shock to the brokerage system by allowing online investors to buy stocks, ETFs, options, and cryptocurrencies all free of commission in 2015. With its latest move, Robinhood could turn the financial industry on its head once again.