The bank cut its provisions for credit losses by 83% compared with a year ago
Earnings kick off Tuesday with Scotiabank and BMO
Surplus earnings rose to $935 million before member dividends, up by more than 70% from a year earlier
AUM reached $179.5 billion, up 4% from the previous quarter
The asset manager reported US$816 million, or 49 cents per share, in net income
The firm also announced earnings results for second quarter of 2021
Most S&P 500 companies beat expectations in the most recent quarter as sales growth soared, but managers warn that strength may not last
Global wealth and asset management net inflows reached $8.6 billion
Canada was the biggest contributor to net profits in the quarter
Investment fund sales and assets under management topped previous highs