IGM Financial (TSE:IGM) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
IGM Financial Inc. reported a mixed first quarter for 2024 with net earnings of $223.4 million, a decrease from the previous year, but recorded an 8.0% increase in adjusted net earnings to reach a new high of $224.5 million. Assets under management and advisement grew by 7.7% year-over-year to $252.2 billion, despite facing net outflows of $128 million. The growth was bolstered by significant gains in assets under advisement from strategic investments in China Asset Management Co., Ltd. and Wealthsimple.
For further insights into TSE:IGM stock, check out TipRanks’ Stock Analysis page.
