Net income for wealth management increased by 11% year over year
During the previous quarter, the big banks delivered a mix of hits and misses but grew net income collectively by 7%
Inflation numbers, the start of big bank earnings season, and more
Provision for loan losses improved quarter-over-quarter, but clients continue to be impacted by Alberta economy
Firm reported Q2 revenue of $149.9 million, net loss of $4.8 million
Firm attributes results to industry-wide decline in common equity underwriting transactions
The firm's net income of $111.5 million was down from $160 million a year ago
Revenue was up 6% from the first quarter
The firm has also announced two board appointments
Net income increased by 30.2%, while revenue increased by 18.7%