Net assets were down 7%
Divide emerges as big banks cope with strained consumers
The bank's wealth management arm earned more than a year earlier
Growth in fee-based revenues and net interest income drove improved results in wealth management
The bank expects loan loss provisions to stay elevated in the near term: CEO
The bank had $1.05 billion set aside for bad loans in the quarter, up from $819 million a year earlier
Resolving the investigations will mean both monetary and non-monetary penalties, the bank said
The upcoming results, which kick off Thursday when TD reports, will cover the three months to the end of July
High valuations, uncertainties loom in second half
The company says its AUM stood at $1.47 trillion at quarter end, up $98 billion from last year