The wealth management and life insurance segments also saw smaller gains
Bigger contribution from IGM offset by lower earnings from life insurance companies
Derivatives trading and clearing businesses put in strong performance
The U.S. divisions saw strong growth
Revenue was also down year over year
Retail banking and wealth management showed improved results
Richardson GMP's net income increased on lower expenses
Company earned $657 million, down from $731 million the same time last year
Net income attributable to shareholders increased 59% from a year earlier
Only a few sectors may still have upside potential, a CIBC report says