Why investors don’t buy stock in Canada’s largest bank

admin 0

MFS Investment Management, which manages more than $10 billion in assets, has been downgraded to “neutral” from “buy” by a leading investment bank.

The bank has been under pressure to cut costs as the Canadian economy slows, and the stock market tumbled this week amid uncertainty about the future of the federal Conservative government.

“This move reflects a deterioration in MFS’ overall credit quality, and reflects our concern that the current level of capitalization in the company could be adversely impacted if the bank is not able to manage its investments appropriately,” wrote Charles C. Loughin, senior vice-president and chief financial officer of MFS.

The investment bank’s stock fell $4.06 to $32.93 on Wednesday, or 3.9%.

MFS shares closed at $32 a share on Friday.

The downgrade was the latest to hit the Canadian banks, whose stock is widely seen as undervalued and undervalued by investors.

The Toronto-Dominion Bank, which has been the target of criticism for its poor performance, fell by nearly a third to $62.26.

The ratings agency said MFS could also lose $3.2 billion in annual revenue from its investments in other companies, including companies that MFS manages.

The Canadian Bankers Association said the bank has struggled to manage the cash it has accumulated from its recent $2.6 billion buyout of the energy-services giant Suez.

The bank has also been grappling with a recent drop in its capitalization and its financial-performance targets, the association said in a statement.

“As MFS continues to grapple with its capital structure, we expect MFS to face additional challenges in the near term as its capital needs continue to be met, as well as to be challenged by a continuing increase in capital costs, which will have an adverse impact on MFS’s capital structure,” the association added.

Investors have taken to Twitter to express their concern about MFS, which the bank previously had pegged at “buy.”

One Twitter user wrote that the bank’s rating “is a good one for MFS but not a very good one in general.”

“You could have been a more competitive bank,” said David Zukoski, a finance professor at Dalhousie University in Halifax.

후원 콘텐츠

우리카지노 | Top 온라인 카지노사이트 추천 - 더킹오브딜러.바카라사이트쿠폰 정보안내 메리트카지노(더킹카지노),샌즈카지노,솔레어카지노,파라오카지노,퍼스트카지노,코인카지노.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.바카라 사이트【 우리카지노가입쿠폰 】- 슈터카지노.슈터카지노 에 오신 것을 환영합니다. 100% 안전 검증 온라인 카지노 사이트를 사용하는 것이좋습니다. 우리추천,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,샌즈카지노(예스카지노),바카라,포커,슬롯머신,블랙잭, 등 설명서.2021 베스트 바카라사이트 | 우리카지노계열 - 쿠쿠카지노.2021 년 국내 최고 온라인 카지노사이트.100% 검증된 카지노사이트들만 추천하여 드립니다.온라인카지노,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,바카라,포커,블랙잭,슬롯머신 등 설명서.우리카지노 | TOP 카지노사이트 |[신규가입쿠폰] 바카라사이트 - 럭키카지노.바카라사이트,카지노사이트,우리카지노에서는 신규쿠폰,활동쿠폰,가입머니,꽁머니를홍보 일환으로 지급해드리고 있습니다. 믿을 수 있는 사이트만 소개하고 있어 온라인 카지노 바카라 게임을 즐기실 수 있습니다.