Manulife Financial Corporation reported a net loss attributed to shareholders of $2.4 billion for the second quarter ended June 30, 2010, equating to a fully diluted loss per share of $1.36. For the second quarter of 2009, MFC reported net income of $1.8 billion or $1.09 per share. During the quarter, net results were impacted [...]
Industrial Alliance Insurance and Financial Services Inc. ended the second quarter of 2010 with net income to common shareholders of $57.7 million, compared to $32.1 million for the second quarter of 2009. Net income to common shareholders amounted to $58.4 million on regular operations, compared with $51.4 million in the second quarter of 2009. This [...]
Great-West Lifeco Inc. reported an increase in quarterly earnings compared with a year ago as revenue fell 20 per cent. The life insurance company said its earnings attributable to common shareholders totaled $433 million or 46 cents per share for the quarter ended June 30, compared with a profit of $413 million or 44 cents [...]
Co-operators General Insurance Company announced its consolidated financial results for the three months ended June 30, 2010. For the second quarter, Co-operators General reported a consolidated net income of $6.5 million, compared to $13.9 million for the same quarter in 2009. Earnings per common share were $0.07 for the second quarter compared to $0.54 for [...]
PricewaterhouseCoopers (PwC), in its second quarter roundup of the Canadian M&A market, is reporting a 15% increase in the number of announced Canadian deals and a 26% increase in the aggregate value of announced deals. These results are in contrast to the U.S. market, where deal volumes in 2010 are at a decade low. While [...]
Canadian Western Bank said its net income rose 76 per cent to $37.9 million in the second quarter thanks to its acquisition of National Leasing Group Inc. The Edmonton-based bank recorded its 88th consecutive profitable quarter spanning 22 years as it earned 47 cents per share for the period ended April 30. That compares to [...]
Canada’s five biggest banks held steady on profit growth in the second quarter, raking in $5.01 billion collectively, as several failed to deliver higher results from certain divisions while some fell short of analyst expectations. The latest quarterly roundup fell slightly short of the $5.09 billion the group made during the first quarter of the [...]
