Global wealth management earnings grew 9%
Wealth management income was down in the quarter
Analyst says results could lead to negative earnings revisions around fee income growth in wealth management
The firm reported net income attributable to common shareholders of $151 million in Q1, down 13%
Insurers attribute performance in some areas to higher rates, lower equity markets
Mackenzie's investment fund sales declined
The quarterly results reflect the insurer's medium-term goals, the CEO said
Private equity holdings rose nearly 66%
Strength in Canadian, U.S. retail banking underpinned revenue growth
The bank's AUM of $345 billion represents an 11% increase from last year