Desjardins Group earnings slip in second quarter
Lower financial results in the personal and commercial segment
- By: IE Staff
- August 11, 2006 August 11, 2006
- 09:30
Lower financial results in the personal and commercial segment
Six-month revenue up 22.7%, net income up 35.1%, EPS up 10%
Total number of common shares issued will be based on closing market price on Oct. 2
23% increase in revenue
Revenues flat at $1.1 billion
Canadian clients gain access to network of global advisory contacts
2 million shares sold in portfolio rebalancing
Net sales of Saxon long-term funds up 18% year-to-date
RRSP, RRIF clients in dispute over foreign currency costs
Prieur held leadership role in Asia
Benchmarking tool now includes results of 100 caisses populaires
Flag Bank provides expanded presence in fast-growing Atlanta market
IPOs have raised more thus far in 2006 than the whole year of 2000, its previous record
$200 million in proceeds will be used to supplement company’s financial resources
But company adds $48.5 million in new assets year-over-year
Company also implements upper management transition
AUM, AUA increase slightly
Company pleased with profitable U.S. growth
Major subsidiaries also see notable growth
Net earnings of $960 million a year-over-year increase of 14%
Investors Group, Mackenzie see AUM increase in 10% range year-over-year
Expands retail branch network in the Greater Toronto Area
Mackenzie Financial Corp., manager of the Mackenzie Cundill mutual funds, today announced it has entered into an agreement to acquire all of the assets of…
Industry’s net assets up approximately 1.7% from June