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The bank reported $1.19 billion of net profit in Q4

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The bank earned $2.86 billion in the fourth quarter, down from $2.96 billion a year earlier

The higher payment to shareholders came as Laurentian reported a fourth-quarter profit of $41.3 million

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The gains were driven by growth across all business segments

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The bank reported net income of nearly $3.21 billion, down from $3.25 billion in the same quarter last year

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The bank said it will now pay a quarterly dividend of $1.06 per share

Profit amounted to $1.73 per diluted share for the quarter

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Desjardins said it's spent $70 million implementing protections for members following a data breach

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Net assets grew to $409.5 billion

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The mortgage lender reported a profit of $39 million in the third quarter