Equitable Group reports record profit in Q2
42% growth in mortgage assets
- By: IE Staff
- August 9, 2005 August 9, 2005
- 09:10
42% growth in mortgage assets
Restructuring of direct investment industry gives larger firms an advantage
Changes take effect in October
Goal is to verify the ability of firms and markets to operate through an emergency
Busson, Hoare and Reynolds join board
BMO InvestorLine operations not affected
Operating earnings climb, while revenues dip
Bank agrees to pay US$250 to settle claims
Firm’s strategy is to stay in brokers’ faces
Record first quarter revenue and net income
Decline in premiums written from U.S.
Average client’s portfolio outpaced Dow, Nasdaq
Insurer raises dividend
Insurer says Hancock purchase is on-track
S&P downgrades bank’s outlook to negative
Speed, efficiency, and convenience seen as the biggest drivers of growth
Sees growth in all business units
No admission of wrongdoing
Continues to hold 16% of Zenith common stock
Announces two U.S. acquisitions
Target markets are joint-ventures and small-to-medium sized companies
Claims ratio rises as summer storms come early
New hires in resources and life sciences
Investor alert highlights risks involved in online transactions
Firm plans to focus on recruiting experienced brokers