CEO reports progress one year after posting a $117.5M quarterly net loss
The bank's wealth division has $37.2B in AUA, up 30% from the previous year
IG Wealth Management sees 10.6% year over year rise in AUA to $141.5 billion
Insurer has $264 billion in AUM
Net earnings down 17% from first quarter of 2024
As profits rise, banks boost capital strength, dividend payout ratios
The bank's profit amounted to 76 cents per diluted share for the quarter ended Jan. 31
The bank's wealth management and capital markets businesses helped push the profit up from $1.29B a year ago
The bank's Q1 profit was down from a year ago
Quarterly mutual fund sales through the advisor network were up 45% year over year