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Profit stock photo

Corporate profits tend to forecast economic downturns

Indianapolis - Circa June 2017: Signage and Logo of BMO Harris Bank. BMO Harris is one of the Largest Banks in the Midwest V

The wealth management division saw a 15% income dip

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The bank set aside $351 million in the quarter for potential loan losses

In wealth management, volatility weighs on near-term growth, report to shareholders says

National Bank of Canada in Toronto’s financial district; National Bank of Canada is sixth largest commercial bank in Canada.

The bank's wealth management business earned $181 million, up 10% from $164 million a year ago

RBC Bank branch stock photo

Wealth management operations earned $777 million in Q3, up year-over-year from $744 million

Bank of Nova Scotia main branch in Calgary, Alberta

Weak financial markets pushed down wealth management revenue

Low angle view of Skyscrapers in downtown Toronto during the day

This week's results come with bank stocks under some pressure as part of the wider economic uncertainty

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Total assets down 7.6% from previous quarter, but up 12.2% year over year

Record inflows contribute to strong fundraising outlook, the alternative asset manager said