The bank saw a particularly good contribution from its U.S. operations, CEO says
The bank has been on a spending spree in recent months
The bank delivered solid performance across all of its businesses, and expects to continue with Aeroplan after 2020 if the Aimia deal closes, CEO says
The bank’s earnings were driven by earnings growth in its wealth-management, capital markets and personal and commercial banking divisions
Economic fundamentals and a rising interest rate environment on both sides of the border may be poised to offset the impact of slowing mortgage lending growth
Sun Life is concerned about “cautious” investors while Manulife moves forward on aggressive cost-cutting initiative
The company’s Q2 reported earnings of $729 million beat analysts’ expectations of $705.8 million
Core earnings were up in the firm’s Canada, U.S. and global wealth- and asset-management divisions while earnings slipped in Asia
Strong performances from GWL, Putnam Investments and IGM Financial resulted in net earnings of $658 million in Q2
The firm benefited from a $60-million after-tax gain from the restructuring of U.S. financing as a consequence of U.S. tax reform and the refinancing of some debt