SNC-Lavalin today announced its Q4 and year-end results.
Standard Life Financial Inc. has reported a net income of $431 million (2011: $244 million), a year-on-year increase of 77%. The improvement was driven by higher fee income and investment yields, as well as previously announced management actions. Premiums and deposits gained 10% to $5.86 billion (2011: $5.33 billion) in 2012 and 9% to $1.49 billion (2011: $1.37 billion) in the fourth quarter.
For fiscal 2012, Desjardins Group recorded surplus earnings of approximately $1.6 million, similar to profits posted in 2011.
CI Financial Corp. today released audited financial results for the quarter and year ended December 31, 2012.
Despite low-interest rates and volatile equity markets, Equitable Life of Canada realized record earnings of $44.7 million, surpassing the previous high of $32.0 million in 2010. As a result, return on policyholders’ equity increased considerably to 13.5% in 2012. Read: Insurers pare product shelves Some of the factors that contributed to this strong performance include […]
Last week’s accusations of Spanish government corruption and news of Italian election uncertainty should remind investors that despite last year’s European Central Bank assertion that it would do ‘whatever it takes’ to preserve the Euro, significant Eurozone risks remain just below the surface.
Manulife Financial Corporation announced today net income attributed to shareholders of $1,057 million for Q4, accompanied by strong growth in insurance and wealth sales.
Wall Street banks are fast learning that one way to protect, and indeed fatten, the bottom line in an environment not conducive to business growth is deny their senior management the annual bonus windfall. Goldman Sachs did just that in the fourth quarter, and lifted its profits to $2.8bn, their highest level in three years, […]
Canadian banks had a decent fourth quarter for a few reasons.
For the fourth quarter ended October 31, 2012, BMO Financial Group reported net income of $1,082 million or $1.59 per share.