OTTAWA (dpa-AFX) - Sun Life Financial Inc. (SLF) Wednesday said its second-quarter profit plunged, due mainly to lower interest rates and weak equity markets.
Reported net income was $51 million or $0.09 per share, compared to $408 million or $0.68 per share last year.
On average, three analysts polled by Thomson Reuters expected the company to earn $0.61 per share for the quarter. Analysts' estimates typically exclude special items.
Assets under management, or AUM, totaled $496.28 billion, up from $473.64 billion last year.
Copyright RTT News/dpa-AFX