The Canadian Investor

More Trouble for US Regional Banks and BCE Struggles

Feb 15, 2024

This podcast delves into the rise in the US Consumer Price Index and its impact on the Federal Reserve decisions. It also explores New York Community Bank's challenges with its exposure to rent-controlled real estate. The podcast discusses BCE's lackluster earnings report and regulatory challenges, as well as Telus' performance. Lastly, it examines TFI's fourth-quarter results and the ups and downs of the logistics industry in a slowing Canadian economy.

55:59

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Quick takeaways

New York Community Bank is facing challenges due to its exposure to rent-controlled real estate.

TFI International had a strong Q4, surpassing free cash flow targets, raising its dividend, and issuing positive guidance for 2024.

Deep dives

TFI International Q4 earnings overview

TFI International had a solid Q4, despite challenging market conditions for freight. Revenues slightly increased, while net income was down. The company surpassed free cash flow targets for 2023 and issued positive guidance for 2024. TFI International also raised its dividend by 14% and continues to invest in the business despite weaker demand. Overall, TFI International had a strong quarter compared to other companies in the industry.

Introduction

2min

Impact of CPI Data on Markets and Potential Rate Cuts

6min

Low US Inflation Rate and Lagging Indicator of Housing Prices

3min

Regional Banks Facing Loan Losses

14min

Insider Buying and Cautionary Tales

2min

Analysis of BCE's Performance and Concerns

22min

Leaving Money vs. Distributing to Shareholders

8min

Join us in this episode as we delve into the latest economic developments, starting with a closer look at the unexpected rise in the US Consumer Price Index (CPI) and its potential impact on future Federal Reserve decisions. We explore the intricate details of New York Community Bank's challenges, especially concerning its exposure to rent-controlled real estate. We look at 2 of the Big 3 telecoms by starting with BCE's lackluster earnings report, shedding light on its dividend concerns and regulatory challenges. We then look at Telus’ performance and how it compares to BCE. Lastly, we examine TFI’s fourth-quarter results, navigating through the ups and downs of the logistics industry amid a slowing Canadian economy.

Tickers of stock discussed: BCE.TO, TFII.TO, T.TO, NYCB,

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