Equitable Group (TSE:EQB) has released an update.
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Equitable Group Inc. (EQB) has reported record revenues and earnings for the second quarter of 2024, with notable year-over-year growth in revenue, pre-provision pre-tax earnings, and an impressive 22% increase in dividends. The financial growth has been attributed to the expansion of revenue from margin increases, the successful integration of ACM Advisors, and a significant rise in EQ Bank customers and deposits. Additionally, the company experienced a substantial reduction in commercial banking Gross Impaired Loans, contributing to its solid financial performance.
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