AUM increased by $134 million.
Interest income accounts for more than 40% of the banking industry’s revenues, which means banks were forced to look for alternative income streams in recent years. Key streams include banking fees, as well as insurance and investment management services, reveals an outlook report on the banking industry by the Conference Board of Canada. Read: Investor […]
For the fourth quarter ended December 31, 2016, Fiera Capital reports assets under management (AUM) of $116.9 billion, a 15% year-over-year increase. For private wealth management, AUM was $25.4 billion, compared to $24.5 billion in Q4 last year. The firm closed its previously announced acquisition of Charlemagne Capital and was appointed as a portfolio sub-advisor […]
Richardson GMP’s revenue increased to $73.4 million in Q4 2016, an 11% increase over the same period a year earlier. The increase was primarily driven by higher management fees and client trading commissions, GMP Capital says in its earnings release for the fiscal quarter ended December 31, 2016. GMP Capital owns a non-controlling 31% interest […]
Find out why Brian Porter, president and CEO of Scotiabank, received a bump in his pay.
Over the last two weeks, Canada's major banks reported earnings.
For the first quarter ending January 31, 2017, TD Bank has reported profit of $2.53 billion, up almost 14% compared with the same quarter a year earlier. The increase reflects growth across all segments, says the bank’s report to shareholders. The bank’s Canadian retail net income, which includes its Canadian personal and commercial banking, wealth […]
National Bank reports net income of $497 million for Q1 2017, compared to $261 million for Q1 2016. The $236-million increase is explained by the bank’s writeoff of its equity interest in associate Maple Financial Group Inc. during the first quarter of 2016, which accounted for $164 million, or $145 million net of income taxes. […]
On Tuesday, three major banks reported earnings and all of them saw increases in earnings and AUM.
Over the next 18 months, Laurentian plans to overhaul how it serves retail clients.