Power Corporation of Canada

POW

CA7392391016

Life & Health Insurance

Market Closed - Toronto S.E. Other stock markets 04:15:36 2024-05-03 pm EDT			5-day change	1st Jan Change
37.85 ^CAD	+1.18%		+3.98%	-0.11%

May. 02	IGM Financial Brief: Q1 Net outflows were $128 million compared to net inflows of $674 million in 2023	MT
May. 02	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	MT

Power Corporation of Canada Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 13, 2023 at 06:25 pm EST

Power Corporation of Canada reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was CAD 988 million compared to CAD 656 million a year ago. Basic earnings per share was CAD 1.47 compared to CAD 0.96 a year ago. Diluted earnings per share was CAD 1.47 compared to CAD 0.96 a year ago.
For the nine months, net income was CAD 1,828 million compared to CAD 2,145 million a year ago. Basic earnings per share was CAD 2.69 compared to CAD 3.13 a year ago. Diluted earnings per share was CAD 2.68 compared to CAD 3.09 a year ago.

Latest news about Power Corporation of Canada

IGM Financial Brief: Q1 Net outflows were $128 million compared to net inflows of $674 million in 2023	May. 02	MT
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	May. 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	May. 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	May. 02	MT
Great-West Lifeco Brief: Q1 Net earnings from continuing operations of $1,031 million or $1.10 per share, up 68% from a year ago	May. 01	MT
Great-West Lifeco Brief: Q1 Base earnings of $1,012 million, or $1.09 per share, up 23% from the first quarter of 2023	May. 01	MT
Power Corporation Receives a Shareholder Proposals from The Mouvement d?éducation et de défense des actionnaires	Apr. 05	CI
Power Corporation Receives a Shareholder Proposals from The Salal Foundation	Apr. 05	CI
Power Corp of Canada Downgraded to Hold at TD	Mar. 22	MT
National Bank Raises Power Corp Target to $41, Maintains Sector Perform, After Q4	Mar. 21	MT
Transcript : Power Corporation of Canada, Q4 2023 Earnings Call, Mar 21, 2024	Mar. 21
TSX futures rise on commodities boost	Mar. 21	RE
Power Corporation of Canada Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 20	CI
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	Mar. 20	MT
Power Corporation Brief: Declaring Dividend Increase of 7.1%	Mar. 20	MT
Tranche Update on Power Corporation of Canada's Equity Buyback Plan announced on February 27, 2023.	Mar. 19	CI
Tranche Update on Power Corporation of Canada's Equity Buyback Plan announced on February 27, 2023.	Mar. 19	CI
Great-West Lifeco Announcing Automatic Share Purchase Plan	Mar. 04	MT
Great-West Lifeco Brief: Announcing Automatic Share Purchase Plan	Mar. 04	MT
Power Corporation of Canada's Equity Buyback announced on February 27, 2023, has expired with 18,500,000 shares, representing 2.8% for CAD 677 million.	Feb. 28	CI
Power Corporation Details Normal Course Issuer Bid	Feb. 28	MT
Power Corporation Brief: Detailing Normal Course Issuer Bid	Feb. 28	MT
Power Corporation of Canada announces an Equity Buyback for 25,000,000 shares, representing 4.2% of its issued share capital.	Feb. 28	CI
Power Corporation of Canada authorizes a Buyback Plan.	Feb. 27	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	Feb. 15	MT

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Company Profile

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.

Sector

Life & Health Insurance

Calendar

2024-05-07 - Q1 2024 Earnings Release

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Ratings for Power Corporation of Canada

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

37.85 CAD

Average target price

42.28 CAD

Spread / Average Target

+11.70%

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Sector Other Life & Health Insurance

	1st Jan change	Capi.
POWER CORPORATION OF CANADA	-0.11%	18.09B
AXA	+6.58%	74.49B
METLIFE, INC.	+6.64%	50.29B
AFLAC INCORPORATED	+0.85%	47.28B
MANULIFE FINANCIAL CORPORATION	+12.23%	43.12B
PRUDENTIAL FINANCIAL, INC.	+8.25%	40.31B
GENERALI	+20.44%	38.48B
SUN LIFE FINANCIAL INC.	+4.41%	30.54B
GREAT-WEST LIFECO INC.	-3.72%	28.79B
PRUDENTIAL PLC	-14.77%	26.01B

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