Equitable Group (TSE:EQB) has released an update.
EQB Inc. has reported a robust beginning to 2024 with a 12% year-over-year earnings growth, a 5% quarterly and 20% annual dividend increase, while assets under management grew by 16% to reach $119 billion. The company credits this performance to a rise in loans under management, margin expansion, and its successful EQ Bank customer growth strategy, despite a slow housing market. EQB’s president and CEO, Andrew Moor, highlighted the impact of the ‘Second Chance’ campaign on customer acquisition and brand value.
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