Power Corp ($POW) Earnings: Wealthsimple Growth Drives 50% Stock Surge

Aug 8

Wealthsimple is making a big impact in Canadian banking, and Power Corp’s ($POW) earnings yesterday showed it.

$POW is the majority owner of Wealthsimple, and as the fintech keeps growing in customers and market value, Power’s stake has become even more valuable in just a few months.

Their core businesses (Great-West Life and IGM) are also delivering steady results.

And with the stock at $57.60, $POW is up over 50% in the past year, outpacing the Big 5 banks while still paying a 4% dividend.

With solid cash reserves, $POW is in a great spot to keep growing and rewarding shareholders.

For investors, that kind of stability can make your portfolio feel a lot safer.

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Femi Orenuga

Power Corp ($POW) Earnings: Wealthsimple Growth Drives 50% Stock Surge

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