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The bank’s wealth-management division reported a 39% increase in net income to $597 million in Q1 2018 from $167 million in Q1 2017

CIBC HQ

The bank increased its quarterly payment to common shareholders to $1.33 a share after its four strategic business units posted strong results

  • By: Armina Ligaya
  • Source : The Canadian Press
  • February 22, 2018 March 29, 2018
  • 11:15
Office buildings in Toronto’s financial district

Stricter mortgage rules and the uncertain fate of NAFTA could cloud the long-term outlook

Growth red graph over golden coins stacks over white

The insurer launched new digital offerings in Canada in 2017 and continued to build out its wealth and asset-management businesses

Paper family of four under a paper cutout insurance umbrella

U.S. tax reform that hit net income in the most recent quarter will benefit the insurer in the future

Growth red graph over golden coins stacks over white

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But a lower corporate tax rate will have a positive effect on future earnings, the bank says

But Brookfield's recent substantial expansion has resulted in a drop of 50.9% in earnings, bringing down the sector's overall growth

BMO Investments makes changes to its mutual fund lineup

The bank has raised its quarterly dividend to 93¢ a share, up from 90¢ the previous quarter

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The bank raised its quarterly dividend payment to 63¢ a share