The bank's wealth division AUM rose significantly year over year
But the bank's stock price fell about 2.5% in midday trading
Mortgage market, cash back credit cards gave the bank a boost during the quarter
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
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
Wealth management businesses could help offset performance in loan divisions
IG Wealth Management and Mackenzie Investments recorded record-high asset levels