Atlantic Trust, the U.S. private wealth management division of CIBC reached a record $25.4 billion in assets under management at July 31, 2014, an increase of $1 billion from the previous fiscal quarter reflecting market returns and strong client inflows
Legg Mason, Inc. reported preliminary assets under management of $711 billion as of August 31, 2014.
Manulife Asset Management, the investment management arm of Manulife, continued to build momentum in its institutional business in the first half of 2014, generating more than US$3.2 billion globally in net new sales.
Canada’s 5th largest lender said its net income rose to $921 million, or $2.26 per share in the quarter ended July 31, from $878 million, or $2.13 a year earlier.
Toronto-Dominion Bank posted a better-than-expected 38% increase in third-quarter earnings on Thursday, helped by improved loan and deposit growth in its core Canadian retail-banking division and a rebound in insurance profits.
Canadian Imperial Bank of Commerce reported better-than-expected third-quarter earnings and a fresh round of potential share buybacks on Thursday, but that won’t be enough to rally shares in the country’s fifth-largest bank