Canaccord Genuity revenue sinks amid investment banking slowdown - BNN Bloomberg

Ireland News News

Canaccord Genuity revenue sinks amid investment banking slowdown - BNN Bloomberg
Ireland Ireland Latest News,Ireland Ireland Headlines

Canaccord Genuity Group Inc.'s revenue sank in the latest quarter as market turmoil and economic uncertainty put a chill on investment banking activity.

  • ๐Ÿ“ฐ BNNBloomberg
  • โฑ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • ๐Ÿ“Š Quality Score:
  • News: 7%
  • Publisher: 50%

The Bay Street firm said its adjusted fiscal first-quarter revenue sank 37.2 per cent to $328.8 million. While revenue slipped in the company's wealth management unit, the erosion was far more profound in Canaccord's capital markets business.

The slowdown was even more pronounced in Canaccord's home market: it said Canadian capital markets revenue collapsed 87.7 per cent year-over-year to just $14.3 million.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BNNBloomberg /  ๐Ÿ† 83. in ฤฐE
 

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How 17 U.S. bank dividend stocks compare using safety and value metricsHow 17 U.S. bank dividend stocks compare using safety and value metricsWe are looking at U.S. banks using our investment philosophy based on safety and value
Read more ยป



Render Time: 2025-01-12 09:15:23