BMO NB on Power Financial's Q1 2006 Earnings

BMO Nesbitt Burns, 11 May 2006Power Financial reported fully diluted EPS of $0.55 versus $0.52 in Q1/05, our estimate of $0.57 and consensus of $0.59. Results were not surprising given the lower than expected results at Great-West combined with in-line earnings at IGM Financial last week. Pargesa reported another strong quarter in local currency, but these were somewhat offset by the negative