{
  "id": 9809183,
  "title": "Why is Power Corporation stock gaining today?",
  "url": "https://urgent.news/2026/09/25/why-is-power-corporation-stock-gaining-today",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T18:26:31.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/why-is-power-corporation-stock-gaining-today-93CH-4917957"
  },
  "original_language": "en",
  "account": "Power Corporation shares are trading higher today, up 0.8% to CA$93.86, as market participants react to a detailed presentation from the company's CFO at a recent investor conference. CFO Jake Lawrence discussed the company's transition into a focused international financial services holding firm and argued that Power Corp is currently trading at a 20.1% discount to its net asset value. Despite over 90% of this NAV being made up of publicly traded, liquid assets like Great-West Lifeco and IGM Financial, the stock price remained undervalued.\n\nManagement highlighted approximately CAD 1.7 to 1.8 billion in available cash, emphasizing that share buybacks would be an effective use of capital while the stock is still below its NAV. This strategy has been pursued for the past five years, with the company repurchasing roughly CAD 4 billion of its own shares. Another incentive for investors is an upcoming dividend of CAD 0.668 per share, set to be paid on September 29, adding a near-term income boost to the stock's appeal.\n\nThe positive momentum comes as the broader S&P/TSX Composite Index is also on the rise, and U.S. equity markets are generally bullish, with major indices seeing gains. Power Corporation's subsidiaries are major players in Canada's financial services sector, benefiting from the favorable market conditions. Combined, the conference-driven enthusiasm, the company's clear plan for capital deployment, the upcoming dividend, and the positive market environment have collectively contributed to the modest rise in Power Corporation's stock price. This combination has also helped the stock reach above its 52-week low of CA$57.76 and is nearing its 52-week high of CA$97.66.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}