IGM Financial Reports Strong Q2 Earnings and Growth
IGM Financial Inc. (TSE: IGM) reported strong second-quarter results on August 1, 2026, with adjusted earnings per share rising 32% to C$1.41 year-over-year. This growth was driven by a 19% increase in assets under management and administration to C$622 billion, along with positive net flows of C$2.2 billion and strong investment returns. The company's wealth and asset-management divisions showed robust performance, including record results from IG Wealth Management for the eighth consecutive quarter and Mackenzie Investments reporting a 20% increase in assets under management to C$269 billion. Institutional sales also improved significantly with new awards expected to fund through early 2027. IGM is focusing on technology investments such as AI, while returning value to shareholders via buybacks totaling C$345 million this quarter and planning for continued returns in the future.
Topics: asset_management financial_services wealth_management