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Despite beating expectations, the bank's stock fell about 2.5% in midday trading


The bank also reported record flows into its mutual fund sales business

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Declines in wealth management were partially offset by gains in individual insurance

  • By: IE Staff
  • February 25, 2021 February 25, 2021
  • 12:04
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Wealth management results were "very impressive," analyst says

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Profit in wealth management was up 20% year over year

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Banks are in a better position than before the pandemic, earnings suggest

Bank of Nova Scotia main branch in Calgary, Alberta

The bank recorded a first-quarter profit of almost $2.4 billion

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

More than 40% of earnings came from the U.S., where the vaccine rollout has been strong

Analysts expect solid results when the banks report quarterly earnings

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IG Wealth Management and Mackenzie Investments recorded record-high asset levels

  • By: IE Staff
  • February 12, 2021 February 12, 2021
  • 16:34