IGM Financial Inc.

Equities

IGM

CA4495861060

Investment Management & Fund Operators

Market Closed - Toronto S.E. Other stock markets 21:00:00 17/05/2024 BST			5-day change	1st Jan Change
36.95 ^CAD	+0.96%		-3.65%	+5.54%

05-09	Power Corporation Brief: Keeps Sector Perform and Target Raised To C$42 from $41 at National Bank, Which Notes "Public Opco Strength Offsets Asset Management Weakness" In Q1	MT
05-08	Power Corporation Brief: Q1 Adjusted net earnings from continuing operations $727 million or $1.12 per share, compared with $588 million or $0.88 per share in the first quarter of 2023	MT

IGM Financial Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 02, 2024 at 10:49 pm

IGM Financial Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was CAD 811.67 million compared to CAD 934.05 million a year ago. Net income was CAD 223.39 million compared to CAD 381.34 million a year ago.

Basic earnings per share from continuing operations was CAD 0.94 compared to CAD 1.59 a year ago. Diluted earnings per share from continuing operations was CAD 0.94 compared to CAD 1.59 a year ago.

Latest news about IGM Financial Inc.

Power Corporation Brief: Keeps Sector Perform and Target Raised To C$42 from $41 at National Bank, Which Notes "Public Opco Strength Offsets Asset Management Weakness" In Q1	05-09	MT
Power Corporation Brief: Q1 Adjusted net earnings from continuing operations $727 million or $1.12 per share, compared with $588 million or $0.88 per share in the first quarter of 2023	05-08	MT
Power Corp.'s Sustainable-investing Arm Gains Familiar New Shareholder	05-06	MT
IGM Financial Up 6% After Detailing April 2024 Assets Under Management & Advisement And Net Flows	05-03	MT
Transcript : IGM Financial Inc., Q1 2024 Earnings Call, May 03, 2024	05-03
North American Morning Briefing : Apple, Amgen -2-	05-03	DJ
IGM Financial Brief: Q1 Net outflows were $128 million compared to net inflows of $674 million in 2023	05-02	MT
IGM Financial Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-02	CI
IGM Financial Brief: Assets under management and advisement of $252.2 billion, up 5.0% from the prior quarter and up 7.7% from the first quarter of 2023	05-02	MT
IGM Financial Brief: Record high adjusted net earnings were $224.5 million or $0.94 per share for the first quarter of 2024	05-02	MT
IGM Financial Brief: Q1 Net earnings of $223.4 million or $0.94 per share compared to $381.3 million or $1.60 per share in the first quarter of 2023	05-02	MT
IGM Financial Inc. Declares Dividend, Payable on July 31, 2024	05-02	CI
CapIntel Renews Partnership with IG Wealth Management	04-11	MT
IGM Financial Says March 2024 Assets Under Management & Advertisement Rose from February	04-03	MT
Atos Unit Wins One-year Contract to Transfer IGM Financial's Data Center Assets	04-03	MT
Atos: contract with IGM for migration to the cloud	04-03	CF
Power Corporation Brief: Q4 Adjusted net earnings from continuing operations $579 million or $0.89 per share, compared with $395 million or $0.59 per share in the fourth quarter of 2022	03-20	MT
Power Corporation Brief: Declaring Dividend Increase of 7.1%	03-20	MT
IGM Financial Inc.(TSX:IGM) dropped from FTSE All-World Index	03-17	CI
IGM Financial Says Assets Under Management, Advisement Rise For February, Net Inflows Fall YOY	03-05	MT
Power Corporation Details Normal Course Issuer Bid	02-28	MT
Power Corporation Brief: Detailing Normal Course Issuer Bid	02-28	MT
Transcript : IGM Financial Inc., Q4 2023 Earnings Call, Feb 16, 2024	02-16
IGM Financial Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	02-15	CI
IGM Financial Brief: Adjusted net earnings, excluding a gain on sale of IPC of $220.7 million, were $198.9 million or $0.84 per share for Q4 2023	02-15	MT

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Company Profile

IGM Financial Inc. is a Canada-based wealth and asset management company. The Company operates through three segments: Wealth Management, Asset Management and Strategic Investments and Other. The Wealth Management segment includes the activities of operating companies that are principally focused on providing financial planning and related services to Canadian households. The Asset Management segment includes the activities of operating companies primarily focused on providing investment management services and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds. The Strategic Investments and Other segment primarily represent the key strategic investments made by the Company, including China Asset Management Co., Ltd., Great-West Lifeco Inc., Rockefeller Capital Management, Northleaf Capital Group Ltd., Wealthsimple Financial Corp., and Portage Ventures LPs, as well as Unallocated capital.

Sector

Investment Management & Fund Operators

Calendar

31/07/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for IGM Financial Inc.

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

36.95 CAD

Average target price

42.5 CAD

Spread / Average Target

+15.02%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

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