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
American Express (NYSE:AXP), a payment-card company, reported higher-than-expected profit rise in the first quarter, but said results were hurt by a stronger dollar. Net income climbed 6.5 percent to $1.53 billion, or $1.48 per share, in the January-to-March quarter, from $1.43 billion, or $1.33 per share, a year earlier, the New York-based company said in a statement late yesterday.
Toronto-Dominion Bank (TSE:TD), Canada's second-largest lender by assets, reported 0.9 percent profit gains in its Canadian and U.S. retail businesses for its fiscal first quarter, and hiked its dividend 8.5 percent.
The Canadian Securities Exchange (CSE) is coming off a banner 2014, with the exchange finishing the year with a total of 244 listed companies, a 35 percent increase from 2013.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD), Canada’s second-largest lender, posted weaker-than-estimated profit in its fiscal fourth quarter and warned it may face a more challenging operating environment in 2015. Shares fell in New York premarket.Net income rose to C$1.75 billion, or C$0.91 per share, in the three months ended Oct. 31, from C$1.62 billion, or C$0.84 per share, a year earlier.
Royal Bank of Canada (TSE:RY), the nation’s largest lender by market value, reported a higher-than-expected 11 percent increase in quarterly profit offset by lower earnings in its capital-markets division. Net income rose to C$2.3 billion, or C$1.57 per share, for the three months ended October 31, from C$2.1 billion, or C$1.40 per share, a year earlier, the Toronto-based company said in a statement today.
The Canadian Securities Exchange (CSE) says that its number of listed issuers rose almost 24 percent in September from the same time last year as companies increasingly look to tap into the junior exchange's many benefits.
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