Higher net interest income may be the only bright spot for Canadian banks in 2023
The bank's bottom line was boosted by Bank of the West acquisition
The bank is putting more bankers, advisors on the street, CFO says
Expenses, margins and provisions weighed on earnings
Wealth management profit was up by 24% on higher interest rates
Wealth management profits increased despite lower fee-based revenues
AUM, wealth management revenue dropped amid challenging market conditions
A key question for analysts will be how much banks are profiting from their loans
The firm also plans to migrate $14 billion of Aligned Capital assets to its in-house custody platform
Net inflows in retail wealth management dropped by 87%