National Bank reports Q1 profit up from year ago, beats expectations
The bank’s wealth management division saw net income increase by 10% year over year
- By: The Canadian Press, IE Staff
- February 27, 2020 February 27, 2020
- 11:29
The bank’s wealth management division saw net income increase by 10% year over year
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Economists have been downgrading their forecasts for Q1
S&P/TSX composite index closed down 135.45 points on Wednesday
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The financial institution released its Q4 results on Wednesday
The firm also plans to change its corporate name to align with the Richardson brand
Phil Taller is the lead manager on the fund
The five new pools are actively managed
The bank’s Q1 results included a $339-million restructuring charge related to employee severance
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Retail investors targeted by so-called investment groups on social media
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
The pension fund is investing up to US$1.05 billion
Plus, promotions at Harvest and Ontario Teachers' Pension Plan Board
High-profile firms and their clients were targeted in 2025
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record