Canaccord Genuity ( (CCORF) ) has released its Q3 earnings. Here is a breakdown of the information Canaccord Genuity presented to its investors.
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Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm operating in wealth management and capital markets sectors, with a notable presence in North America, UK & Europe, Asia, and Australia. The company announced its third quarter fiscal 2025 results, highlighting record achievements in its wealth management division and improved corporate financing activity. Despite a 15.9% increase in revenue to $451 million compared to the same period last year, profitability was impacted by elevated non-compensation expenses. The global wealth management revenue grew by 19.7% year-over-year to $233.4 million, while the global capital markets revenue rose 11.0% to $210.7 million. Total client assets reached a record $115 billion, marking a 15.9% increase from the previous year. However, net income before taxes fell 11.0% for the quarter, primarily due to increased expenses. Looking ahead, Canaccord Genuity remains cautiously optimistic about its financial performance, anticipating stronger results driven by favorable capital markets conditions and continued growth in wealth management contributions.
