IGM Financial (TSX:IGM.PR.B.PFD) Net Interest Income (for Banks) : C$-123.23 Mil (As of Dec. 2023)

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What is IGM Financial Net Interest Income (for Banks)?

Net interest income is the income earned by banks from the fund they have on their balance sheet. IGM Financial's net interest income for the three months ended in Dec. 2023 was C$-32.54 Mil. Its net interest income for the trailing twelve months (TTM) ended in Dec. 2023 was C$-123.23 Mil.

IGM Financial's quarterly net interest income declined from Jun. 2023 (C$-30.12 Mil) to Sep. 2023 (C$-32.52 Mil) and declined from Sep. 2023 (C$-32.52 Mil) to Dec. 2023 (C$-32.54 Mil).

IGM Financial's annual net interest income increased from Dec. 2021 (C$-113.94 Mil) to Dec. 2022 (C$-113.17 Mil) but then declined from Dec. 2022 (C$-113.17 Mil) to Dec. 2023 (C$-123.23 Mil).

IGM Financial Net Interest Income (for Banks) Historical Data

The historical data trend for IGM Financial's Net Interest Income (for Banks) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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IGM Financial Net Interest Income (for Banks) Chart

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Interest Income (for Banks)

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-108.39

-110.60

-113.94

-113.17

-123.23

IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Interest Income (for Banks)	Get a 7-Day Free Trial															-28.51	-28.06	-30.12	-32.52	-32.54

IGM Financial Net Interest Income (for Banks) Calculation

Income earned by banks from the fund they have on their balance sheet. These funds can be from customers' deposit, bank's own equity or borrowed.

Net Interest Income (for Banks) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-123.23 Mil.

IGM Financial (TSX:IGM.PR.B.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (TSX:IGM.PR.B.PFD) » Definitions » Net Interest Income (for Banks)

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Traded in Other Exchanges

IGIFF:USA C7G:Germany IGM:Canada

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

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