Interest and insurance revenue rose, corporate finance revenue dropped, fee revenue remained flat
Results reflect impacts of Hurricane Ian, market volatility
Insurance sales in Canada were up 28%
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