Power Corporation of Canada T.POW

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

Financial Services Insurance - Diversified

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.

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Power Corporation of Canada > Power Corporation

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Comment by Schussing56on Nov 11, 2022 7:27am

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Post# 35090714

RE:Power Corporation

National Bank of Canada on Thursday cut Power Corp. of Canada (POW.TO)'s price target to $38.00 from $39.00 with a sector perform rating.

The reduced priced target reflects Power Corp.'s adjusted EPS of $0.63 in the third quarter that missed the Street estimate of $0.89 and the bank's forecast of $1.03.

The bank said the miss was driven by the company's weaker contributions from operations and negative returns on the alternatives segment.

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