Canada's IGM Financial Q2 adjusted EPS beats estimates on higher AUM, net inflows

Igm Financial

29/07/2026 22:15

Overview
Canada wealth and asset manager's Q2 adjusted EPS rose 32% yr/yr, beating analyst expectations
Net earnings for Q2 rose 6% yr/yr
Company repurchased 2.6 mln shares for C$200.4 mln in Q2

Outlook
IGM Financial did not provide specific guidance for the current or future periods

Result Drivers
ASSET GROWTH - Higher assets under management and advisement supported adjusted earnings, with consolidated AUM&A rising 21% yr/yr
STRONG NET INFLOWS - Q2 net inflows totaled C$2.2 bln, up from C$90 mln a year earlier
SEGMENT CONTRIBUTIONS - IG Wealth Management and Mackenzie Investments both reported record assets and higher net sales

Company press release: ID:nCNWSQ8dka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
C$1.41
C$1.27 (6 Analysts)
Q2 EPS
 
C$1.12
 
Q2 Net Income
 
C$261.50 mln
 
Q2 Dividend
 
C$0.62
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for IGM Financial Inc is C$84.00, about 0.8% below its July 28 closing price of C$84.72
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
July 28 - Canada's Great-West Lifeco Q2 base EPS rises on retirement, wealth business momentum
July 28 - Invesco Q2 adjusted EPS beats analyst estimates on record inflows
July 28 - AllianceBernstein Q2 adjusted EPS misses estimates on equity outflows

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)