CWB Financial Group reports third quarter profit up from a year ago
EDMONTON — CWB Financial Group reported its third-quarter profit rose compared with a year ago. The Edmonton-based bank says its common shareholders' net income totalled $83.1 million for the quarter ended July 31, up from $70 million a year earlier. That equated to 86 cents per diluted share for its most recent quarter, an increase from the same period last year when it reported earnings of 73 cents per diluted share. Revenue totalled $283.5 million, up from $264.4 million a year earlier.
NEW YORK — Stocks are broadly higher on Wall Street in morning trading Friday after the government reported that U.S. job growth increased at a healthy, but more moderate pace last month. The report supports investors’ hopes that the Federal Reserve will hold off on raising interest rates again in its bid to lower inflation. The S&P 500 was up 0.5%. The benchmark index is coming off its first monthly loss since February, but is on pace for its second straight weekly gain.
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