The bank saw record earnings in capital markets and growth in wealth management
A reduction in expenses and an improvement in retail sales helped offset another quarter of net redemptions
Net income was up 3.8% for the full year
For the full year, the insurer’s net earnings grew 16.7%
Revenue in global wealth management operations was up 10.7%
The latest quarterly reports were a mixed bag: acquisitions; lower profits for some companies; and raised dividends
Analysts forecast a fourth straight quarter of falling profits
The bank reported $1.19 billion of net profit in Q4
The bank earned $2.86 billion in the fourth quarter, down from $2.96 billion a year earlier
The higher payment to shareholders came as Laurentian reported a fourth-quarter profit of $41.3 million