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Industry moves this week

Banks’ wealth businesses to take a hit: Fitch article image Modern office building close up in sunlight

Banks’ wealth businesses to take a hit: Fitch

Canadian AUM up 34.5%, net income down 50.5% for Canaccord

  • By: IE Staff
  • June 3, 2022 June 3, 2022
  • 15:32
Industry moves this week article image change direction

Industry moves this week

DBRS downgrades CI rating to BBB

Provisions for credit losses drive divergent bank results article image Low angle view of Skyscrapers in downtown Toronto during the day

Provisions for credit losses drive divergent bank results

National Bank reports Q2 profit up from year ago, raises dividend article image Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

National Bank reports Q2 profit up from year ago, raises dividend

Industry moves this week

CIBC reports Q2 profit down from year ago, wealth management profit up 20%

RBC’s McKay says “50/50” chance of recession as it reports revenue dip, earnings up