National Bank In CIBC Q2 First Look Cites Beat On Pre-tax, Pre-provision Earnings (PTPP) and Notes Consumer Credit Performance "Softens"

National Bank With RBC Q2 First Look Cites Pre-tax, Pre-provision Earnings (PTPP) and Credit Beat; Has Outperform and C$217 Target on RBC

The Caldwell Partners International Appoints Alex Langridge as Partner in its Financial Services Practice

The Caldwell Partners International (CWL.TO) appointed Alex Langridge as a Partner in its Financial Services Practice in London, it said on Thursday.Langridge, who has more than 20 years of executive search and leadership advisory experience, most recently led the financial services practice at a leadership advisory firm focused on banking, fintech, insurance, and investor-backed businesses, it said.Shares of the company closed down 1.2% to $0.86 on the Toronto Stock Exchange.

BRP up 10.5% in U.S. Pre-Market as Reports Strong Q1 Normalized Earnings, Revenue Beat

BRP (DOO.TO), up 10.5% in U.S. pre-market trading on last look, said on Thursday that first-quarter adjusted earnings surged as revenue jumped 30%. The company also revised its full year guidance.The leisure craft manufacturer said normalized net earnings, stripped of most one-time items, for the quarter ended April 30, surged near 290% to $134.5 million, or $1.83 per diluted normalized share, from $34.6 million, or $0.47 per share. Analysts polled by FactSet had expected $1.15 per share.Revenue climbed 29.5% to $2.4 billion, driven by higher off road vehicles (ORV) and personal watercraft (PWC) shipments, and favourable ORV product mix, due to the introduction of new models. Analysts had expected revenue of $2.1 billion.The company also updated its fiscal 2027 guidance to include incremental tariff costs net of mitigation measures. Total company revenue is now forecast to range between $9.1 billion to $9.4 billion, and normalized diluted earnings per share is expected to be between $3.00 to $3.50.For its fiscal second-quarter, BRP is guiding to normalized diluted earnings per share to be down $1.60 to $1.65 versus the same three-month period last year. The decline results from the net impact of tariffs, the timing of PWC shipments and higher tax incentives last year.BRP will pay a regular quarterly dividend of $0.25 per share on July 14, to shareholders of recordon June 30."We delivered Q1 financial results above expectations, driven by higher volumes, disciplined cost management, strong overall execution and a more favourable promotional environment. We also sustained our solid retail momentum across key ORV segments, as new product introductions in the second half of last year contributed to additional market share gains," said chief executive Denis Le Vot."As tariff policies shifted significantly during the quarter, our teams moved quickly to define mitigation measures to reduce their impact. Looking ahead, we are focused on navigating these headwinds while also protecting our long-term growth prospects. Although the geopolitical and trade environment remains volatile, we are issuing a revised full-year guidance that incorporates both positive trends in our business and net tariff costs," Le Vot added.BRP shares were last seen up US$6.08, to US$64.11 in New York trading.