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Power Corporation of Canada T.POW

Alternate Symbol(s):  T.POW.P.E | T.POW.P.G | T.POW.P.A | PWCCF | T.POW.P.B | PWCDF | T.POW.P.C | T.POW.P.D

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company operates through three segments: Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term and sustainable value creation.


TSX:POW - Post by User

Comment by Schussing56on May 12, 2022 11:43am
213 Views
Post# 34678017

RE:RE:RE:RE:RE:Financials are out…

RE:RE:RE:RE:RE:Financials are out…Wow was I ever wrong! Down nearly 6%! POW's Wealth Simple seems to be a big hit with Canadian Investors, especially their automated trading strategies. As I say, I think it's going to be tough to replace the business in Russia. I think that was nearly 20% of POW's revenues. I don't see too much more bleeding in the short-term due to successful diversification this past few quarters but, Great West Lifeco. et al, not meeting targets is a concern. I wonder what's up with that? Are Canadians tiring of non-big bank investment companies and life insurance? Maybe putting their money in gold or, under the mattress?
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