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Research Alert: Meta: Subscription Offerings Could Help Change The Narrative

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

META announced a global expansion of subscription offerings across Instagram, Facebook, and WhatsApp, introducing consumer plans priced at $3.99/month for Instagram Plus and Facebook Plus, and $2.99/month for WhatsApp Plus. The plans are intended to provide enhanced features like profile personalization, expanded reactions, and story analytics. META is also testing new subscription tiers under the Meta One brand, with AI-focused plans (Meta One Plus at $7.99/month; Meta One Premium at $19.99/month), as well as professional solutions for creators and businesses (Meta One Essential at $14.99/month; Meta One Advanced at $49.99/month). We consider this strategic shift a positive, as it has the potential to diversify META's revenue model beyond advertising with a more stable, recurring revenue stream, while boosting user engagement through premium features. Peer SNAP has found success through subscriptions. Up until now, investors have been frustrated by META's elevated spend and lack of new product rollouts.

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Research Alert: CFRA Maintains Hold Opinion On Shares Of Bank Of Montreal

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by CAD23 to CAD250, 15.8x our FY 27 (Oct.) EPS view of CAD15.86, a premium to BMO's five-year forward P/E average of 10.3x given expectations for improving efficiency in the bank's U.S. operations. We increase our FY 26 EPS estimate to CAD14.38 from CAD14.19 and FY 27's to CAD15.86 from CAD15.81. BMO has completed its optimization initiatives and should see balance sheet growth improve going forward. However, catching up to peers will take time, given BMO's weak starting position (balances declined Y/Y in 1H FY 26). On a positive note, efficiency improvements are delivering results, with adjusted ROE rising 370 bps to 13.5% in Q2. The underperforming U.S. Banking segment is also improving, with adjusted ROE reaching 9.3% (up 220 bps), and we expect further gains, as this business remains well below its potential. Additionally, the sale of BMO's Transportation and vendor finance businesses should result in an uptick of share repurchases.

$BMO
Research

Research Alert: CFRA Maintains Hold Opinion On Shares Of Bank Of Montreal

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by USD15 to USD181, based on 15.8x our FY 27 (Oct.) EPS view of CAD15.86 (USD11.46), a premium to BMO's five-year forward P/E average of 10.3x given expectations for improving efficiency in the bank's U.S. operations. We increase our FY 26 EPS estimate to CAD14.38 from CAD14.19 and FY 27's to CAD15.86 from CAD15.81. BMO has completed its optimization initiatives and should see balance sheet growth improve going forward. However, catching up to peers will take time, given BMO's weak starting position (balances declined Y/Y in 1H FY 26). On a positive note, efficiency improvements are delivering results, with adjusted ROE rising 370 bps to 13.5% in Q2. The underperforming U.S. Banking segment is also improving, with adjusted ROE reaching 9.3% (up 220 bps), and we expect further gains, as this business remains well below its potential. Additionally, the sale of BMO's Transportation and vendor finance businesses should result in an uptick of share repurchases.

$BMO
Research

Also On the Negative Side, Scotia's Credit Losses Were Higher Than Expected, Resulting In Adoption of More Conservative Second Half Credit Performance Guidance, adds National Bk

Also On the Negative Side, Scotia's Credit Losses Were Higher Than Expected, Resulting In Adoption of More Conservative Second Half Credit Performance Guidance, adds National Bk

$BNS.TO