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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


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

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

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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