The wealth management business benefited from both market appreciation and client flows, the bank said Friday
Dave McKay said he expects monetary policy to tighten even as geopolitical tensions rise
The firm also reported strong wealth management growth in its Q4 earnings
The results come as investors shift from growth stocks to more value-oriented options like banks
The firm ranked first in segregated fund sales in Canada last year
Rising interest rates, higher labour costs and increased competition will cut into margins
The results were attributed to fund sales and market performance
Q4 profit grew 17%
Sick leave, labour shortages and inflation make for angst-inducing variables over the first half of 2022
Interest income could drive profits as capital markets and credit-loss provisions sag