The firm saw revenue from its global wealth management operations grow by 15.2%
The decrease reflects investment in the business, the company said
Company earned $443 million, down from $658 million a year earlier
Canada insurance sales decreased 27%, while wealth sales rose 7%
Adjusted earnings came in at $658 million
Air Canada earnings, GDP figures and Enbridge results all coming this week
Profits rise along with credit loss provisions
The bank’s wealth management arm increased profits by 5% year-over-year
The capital markets business saw a drop in quarterly profits as it faced a large severance charge
The earnings miss was driven by higher provisions for credit losses