Sun Life is concerned about “cautious” investors while Manulife moves forward on aggressive cost-cutting initiative
The company’s Q2 reported earnings of $729 million beat analysts’ expectations of $705.8 million
Core earnings were up in the firm’s Canada, U.S. and global wealth- and asset-management divisions while earnings slipped in Asia
Strong performances from GWL, Putnam Investments and IGM Financial resulted in net earnings of $658 million in Q2
The firm benefited from a $60-million after-tax gain from the restructuring of U.S. financing as a consequence of U.S. tax reform and the refinancing of some debt
The average increase in earnings was a strong 21% thanks to Fairfax's and Brookfield's big gains in the quarter
Bank looks to leave mortgage loan review woes behind
Big Five banks earn $10.6 billion Q2 profit, up 11%
Business growth and improved efficiency contribute to improved performance
Recently announced acquisitions in Chile, Colombia and Peru are expected to close in the second half of this fiscal year