IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, over $115 billion in total assets under management.
03/08/12IGM Financial Q2 profit down as stock market jitters affect investors
04/05/12IGM Financial Q1 profit, revenues decline
05/08/10IGM Financial`s Assets Under Management Hits $115.7 billion
Recent Sector News
Chatter of a possible interest rate rise by the Fed this month continues to swirl as the US non-farm number for August has been released.
Canadian shares advanced for a fourth session on Friday, a day after a surge in oil prices helped the market recover from the week’s losses. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.5% to 13,825.54 at 12:10 p.m. in Toronto. Three shares advanced for every issue that declined. Five out of ten share groups were in the positive territory.
Toronto-Dominion Bank (TSE:TD), Canada’s second-largest lender by assets, reported a higher-than-expected 7.5% increase in its fiscal third-quarter profit, buoyed by stronger Canadian and U.S. retail banking. TD became the fourth Canadian lender to post stronger-than-expected results for the third quarter despite a Canadian economy hurt by lower oil prices.
Goldman Sachs Bank USA, a unit of Goldman Sachs, the largest U.S. investment bank, agreed to buy General Electric financial services arm GE Capital’s online deposit platform, which includes US$16bn in deposits. The amount includes about US$8bn in online deposit accounts and US$8bn in brokered certificates of deposit, the companies said.
A US$37bn deal value makes Precision Castparts Buffett's biggest takeover to date
JPMorgan Chase (NYSE:JPM), the biggest U.S. bank by assets, reported a higher-than-expected second-quarter profit as the firm trimmed costs to offset falling trading revenue. Shares advanced in morning trading. Net income rose to $6.29 billion, or $1.54 per share, for the June quarter, from $5.98 billion, or $1.46 per share, a year earlier, the New York-based company said in a statement today.
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