Corporate profits tend to forecast economic downturns
The wealth management division saw a 15% income dip
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
The bank's wealth management business earned $181 million, up 10% from $164 million a year ago
Wealth management operations earned $777 million in Q3, up year-over-year from $744 million
Weak financial markets pushed down wealth management revenue
This week's results come with bank stocks under some pressure as part of the wider economic uncertainty
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