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Royal Bank of Canada storefront sign in a Downtown rural sreet of small town Canadian city of Brighton near Pesquile Lake Provincial Park in the summer cloudy and sunny day stock photo

Wealth management operations earned $777 million in Q3, up year-over-year from $744 million

Banks

Weak financial markets pushed down wealth management revenue

Business and financial district in a city with pillars

This week's results come with bank stocks under some pressure as part of the wider economic uncertainty

calculating numbers for income tax return with glasses pen and calculator

Total assets down 7.6% from previous quarter, but up 12.2% year over year

Participating insurance sales helped drive 32% premium increase in Canada

Drawings and charts of successful business, workplace of the businessman

Record inflows contribute to strong fundraising outlook, the alternative asset manager said

Illustration and Painting

Private equity, credit and real estate contributed "modestly" to the losses, the board said

Business team working together. Businessman using tablet for analyzing data stock market in monitoring room with team pointing on the data presented in the chart on screen, forex trading graph, stock exchange trading online, financial investment concept.

The "abrupt deceleration" in world markets impacted the firm's financial performance, CEO said

  • By: Staff
  • August 5, 2022 August 5, 2022
  • 16:59
calculating numbers for income tax return with glasses pen and calculator

Assets under advisement and management dropped nearly 10% from the previous quarter

  • By: Staff
  • August 5, 2022 August 5, 2022
  • 14:12

Wealth sales in Canada dropped 10% from a year ago