Net income dropped from $16M last year as non-insurance costs increased
Bank's name will live on after sale of commercial ops to Fairstone
In Canada, many of the gains were coming from the tech sector
Its Canadian commercial banking, wealth management business earned $647M, up from $591M a year ago
Its wealth management, insurance business earned $757M, up from $680M last year
Its wealth management business earned $1.3B, up from $980M a year ago
The gains were driven by the bank's diversified, complementary franchises: CEO
Its wealth management business posted earnings of $352M, up from $328M
Group and individual insurance premiums up from 2024
Profits rose despite weakening in Canadian consumer credit