Today: 30 April 2026
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TSX:LB 2 December 2025

Fairstone to Buy Laurentian Bank in C$1.9 Billion Break-Up Deal as National Bank Takes Retail Business

Fairstone to Buy Laurentian Bank in C$1.9 Billion Break-Up Deal as National Bank Takes Retail Business

Fairstone Bank will acquire Laurentian Bank of Canada for about C$1.9 billion in cash, while National Bank of Canada will buy Laurentian’s retail and SME banking portfolios, including C$3.3 billion in loans and C$7.6 billion in deposits. Laurentian’s Québec branches will close, with staff able to apply for roles at National Bank. The deal follows Laurentian’s failed 2023 sale and recent restructuring.

Stock Market Today

  • Altria Posts Solid Q1 2026 Earnings, Confirms 2026 EPS Guidance
    April 30, 2026, 10:45 AM EDT. Altria Group reported a strong start to 2026 with first-quarter adjusted diluted earnings per share (EPS) rising 7.3% to $1.32. The company's premium smokeable products, led by Marlboro, and oral tobacco brands like on! and Helix, supported revenue growth. Net revenues increased by 3.2%, while revenues net of excise taxes rose 5.3%. Altria repurchased 4.5 million shares for $280 million in Q1 and reaffirmed its 2026 full-year adjusted diluted EPS guidance between $5.56 and $5.72, signaling 2.5% to 5.5% growth from 2025. The firm anticipates balanced EPS growth across both halves of the year amid a moderated e-vapor market and macroeconomic uncertainties impacting combustible and e-vapor volumes.

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Why Viavi Solutions Stock Is Surging After a Big Earnings Beat

Why Viavi Solutions Stock Is Surging After a Big Earnings Beat

30 April 2026
Viavi Solutions shares surged about 20% in early U.S. trading after fiscal third-quarter revenue rose 42.8% to $406.8 million, beating estimates. Adjusted earnings reached 27 cents per share, above forecasts. The company projected fourth-quarter revenue of $427 million to $437 million. GAAP profit declined from a year earlier and cash flow was negative for the quarter.
Nvidia Isn’t Over. But Marvell Is the Quiet AI Chip Name Analysts Can’t Ignore

Nvidia Isn’t Over. But Marvell Is the Quiet AI Chip Name Analysts Can’t Ignore

30 April 2026
Marvell Technology shares rose about 3% Thursday after Big Tech firms signaled AI spending would exceed $700 billion this year. Nvidia slipped 1.6% but announced a $2 billion investment in Marvell and a partnership on AI infrastructure. Marvell reported record fiscal 2026 revenue of $8.2 billion, while Nvidia posted $215.9 billion for the year. Google is in talks with Marvell to develop two new AI chips.
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