Telus, BCE and BAM Quarterly Highlights

All three posted solid beats, but only one stock is benefitting.

| More on:
The Motley Fool

It’s a relatively big day for earnings in the Canadian market with several household names reporting.  Thus far, it appears that Bombardier has been the star.

Some of the supporting cast are tabled below with their reported earnings, expected earnings, and the respective change that the stocks have experienced thus far vs. last night’s close:

Company Name



Stock Change

Telus (TSX:T)








Brookfield Asset Management (TSX:BAM.A,NYSE:BAM)




Telus is the stud of the group after reporting earnings that exceeded expectations by almost 4%.  More importantly, even though it was “expected”, the company boosted the dividend to $0.34 per share, 11.5% higher than it was one year ago.  Telus also extended its 10% annual dividend growth model an additional 3 years to 2016.  Semi-annual dividend hikes are targeted between now and then.  In addition, a $500 million share buyback program was put in place for 2013 and it’s the company’s intention to reload on this program in each of the next 3 years.  Beat expected earnings, hike the dividend, and announce a buyback – all good reasons for the stock to be up.

BCE Inc. didn’t have the flashy bells and whistles that the Telus report had, however, the financial results appear solid.  BCE has aggressively hiked its dividend in recent years and could be hard pressed to continue this trend.  Given the Telus commitment to continue with semi-annual hikes, today’s performance discrepancy could be the result of investors switching their BCE shares for Telus.

The reaction to Brookfield’s results appears harsh given the significant beat the company pushed through.  Judging by the company’s Q1 letter to shareholders (which is excellent and well worth the read btw), Brookfield’s extensive portfolio seems to be firing on all cylinders.  At this point, a company specific reason for today’s sell-off isn’t apparent – at least to this Fool.

If you own, or are thinking of purchasing a Canadian index fund, you need to click here to receive our special FREE report “Buy These 5 Companies Instead of Following a Flawed Piece of Advice”.  Your portfolio will thank you for reading this report!

Follow us on Twitter and Facebook for the latest in Foolish investing.

Fool contributor Iain Butler does not own any of the companies mentioned in this report at this time.  The Motley Fool has no positions in the stocks mentioned above.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

More on Investing


CNR Stock: Should You Buy Today?

Canadian National Railway has been hit in recent quarters, as economic growth has slowed, with CNR stock declining 10% in…

Read more »

Family relationship with bond and care
Dividend Stocks

TFSA Investors: 3 Cheap Canadian Stocks for Retirees

These three Canadian stocks are super cheap for retirees looking for a great buy that will last the test of…

Read more »

calculate and analyze stock
Dividend Stocks

CPP Disability Benefits: Here’s How Much You Could Get

Not everybody can get CPP disability benefits. If you want some passive income, consider investing in Royal Bank of Canada…

Read more »

growing plant shoots on stacked coins
Dividend Stocks

Boosting Your Monthly Income: TSX Stocks That Deliver

Dividend investing can boost regular or active incomes, especially select TSX stocks that pay monthly dividends.

Read more »

consider the options
Tech Stocks

Better Buy (2024 Edition): Shopify or Nvidia Stock?

Shopify (TSX:SHOP) isn't the only red-hot tech stock in town that could add to recent gains.

Read more »

Bad apple with good apples

5 Stocks You Can Confidently Invest $500 in Right Now

These stocks could significantly grow your investment over the next decade.

Read more »

Illustration of bull and bear
Tech Stocks

A Bull Market Is Coming: 3 Growth Stocks That Could Thrive

Given their high growth prospects and cheaper valuation, these three growth stocks would be an excellent buy as the market…

Read more »

Golden crown on a red velvet background
Energy Stocks

Enbridge Stock: This Dividend Aristocrat Could Gain in 2024

Enbridge (TSX:ENB) stock is looking like a great buy as management expects it to grow in 2024.

Read more »