Author: Keshavarzhhk1971
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Royal Bank of Canada, the interest rates challenge, A fundamental analysis of the 2023 financial report
by Hassan Keshavarz Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada Introduction: The essential nature of the banking industry is having long-term assets versus short-term liabilities. In a situation of economic prosperity and stability in which the long-term values dominate the short-term ones and everyone looks at the distant but attainable…
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Laurentian Bank of Canada, Assets allocation challenge
By Hassan Keshavarz, Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada A. Introduction Generally, banks receive money from depositors (at a lower interest rate) and lend it to borrowers (at a higher interest rate). There are always the people who have extra money to invest in the short-term from one side…
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Toronto-Dominion Bank of Canada, the cash flow challenge
by Hassan Keshavarz, Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada A. Introduction From 2018, this is the first time that the net cash flow from the operating activities has become negative in TD Bank. In such conditions, banks have two options to compensate for the deficit: financing through issuing new…
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Kinross, hoping for the gold price to rise
by Hassan Keshavarz Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada Financial statements highlight based on Jolan’s analyzing method Gold is the main source of the Kinross income. It is almost 96% of the revenue; the rest is silver, considered a gold by-product, and both metals are found together in nature.…
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Dr Copper! Lundin’s financial analysis
by Hassan Keshavarz Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada Financial statements highlight based on Jolan’s analyzing method Copper is the greatest product of Lundin Mining Corporation. In 2023, $2,399 million of the company revenue came from copper, about 71%. This is probably why Lundin continues to acquire copper mines…
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Shopify, fundamental analysis of the 2023 annual report
by Hassan Keshavarz Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada Macroeconomic conditions of e-commerce platforms: “The global B2C e-commerce market size was valued at USD 5,473 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 19.1% from 2024 to 2030” (Grandviewresearch.com). The e-commerce…
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The comparison of 5 Canadian banks fundamental data
by Hassan Keshavarz Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada Royal Bank of Canada (RBC), Toronto Dominion (TD), Scotiabank (BNS), Bank of Montreal (BMO), and Laurentian Bank (LB) While the interest rates remain high and the banks’ profitability has declined, RBC and TD, above all other banks, continue to compete…
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Fundamental analysis of Scotiabank, based on the 2023 financial report
by Hassan Keshavarz Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada In 2023, the main ratios of Scotiabank’s profitability have been the lowest compared to the last 3 years’ average. This is because of the higher cost of the short-term liabilities (deposit interest expense) versus the gain of the long-term assets…
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Fundamental analysis of the Bank of Montreal annual report
by Hassan Keshavarz Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada In 2023, the net income of Bank of Montreal as well as ROA, ROE, and EPS have been the lowest compared to the last 10 years. Given these statistics and considering the rising interest rates- which have led to the…
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Bank of Montreal, the profitability challenge
by Hassan Keshavarz Financial analyst at Jolan Financial Systems Inc. A startup in BC, Canada A. Introduction In 2023, the net income of Bank of Montreal as well as ROA, ROE, and EPS have been the lowest compared to the last 10 years. Given these statistics and considering the rising interest rates- which have led…