Investors Group sees drop in Q4 earnings
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Hey there, time traveller!
This article was published 11/02/2016 (2967 days ago), so information in it may no longer be current.
IGM Financial is not immune to the global economic meltdown.
The Winnipeg-based financial services juggernaut posted operating earnings available to common shareholders of $198.2 million, or 81 cents per share, for the fourth quarter of 2015. That’s down from $208.1 million (83 cents) for the same three-month period the year before.
The drop in operating earnings continued throughout all of 2015, when the company pulled in $796 million ($3.21), down from $826.1 million ($3.27) in 2014.
On a more positive note, the consultant network at Investors Group, IGM’s biggest subsidiary, hit an all-time high of 5,320 at the end of December and mutual fund sales did likewise, hitting $7.9 billion for the year.
geoff.kirbyson@freepress.mb.ca