Declines in wealth management were partially offset by gains in individual insurance
Wealth management results were "very impressive," analyst says
Profit in wealth management was up 20% year over year
Banks are in a better position than before the pandemic, earnings suggest
The bank recorded a first-quarter profit of almost $2.4 billion
More than 40% of earnings came from the U.S., where the vaccine rollout has been strong
Analysts expect solid results when the banks report quarterly earnings
IG Wealth Management and Mackenzie Investments recorded record-high asset levels
Product sales surged in the firm’s wealth management and individual insurance businesses
The firm recently acquired a U.S. retirement business and sold its asset management group