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Canaccord Genuity Group Inc
Canaccord Genuity Group, Inc. operates as a financial services company. The company is headquartered in Toronto, Ontario and currently employs 2,510 full-time employees. The company went IPO on 2004-06-30. The firm has operations in two principal segments of the securities industry: wealth management and capital markets. Its Canaccord Genuity Wealth Management operations provides wealth management solutions and brokerage services to individual, investors, private clients, charities and intermediaries. The Company’s wealth management division has Investment Advisors (IA) and professionals in Canada, the United Kingdom, Jersey, Guernsey, the Isle of Man and Australia. Its Canaccord Genuity Capital Markets operations provides institutional and corporate client’s investment banking, merger and acquisition, research, sales and trading services with capabilities in North America, the United Kingdom and Europe, Asia, Australia and the Middle East.
Canaccord Genuity Group, Inc. operates as a financial services company. The company is headquartered in Toronto, Ontario and currently employs 2,510 full-time employees. The company went IPO on 2004-06-30. The firm has operations in two principal segments of the securities industry: wealth management and capital markets. Its Canaccord Genuity Wealth Management operations provides wealth management solutions and brokerage services to individual, investors, private clients, charities and intermediaries. The Company’s wealth management division has Investment Advisors (IA) and professionals in Canada, the United Kingdom, Jersey, Guernsey, the Isle of Man and Australia. Its Canaccord Genuity Capital Markets operations provides institutional and corporate client’s investment banking, merger and acquisition, research, sales and trading services with capabilities in North America, the United Kingdom and Europe, Asia, Australia and the Middle East.
Record Revenue: Canaccord reported consolidated revenue of $530 million, up 24% year-over-year and 18% sequentially, marking its strongest quarterly revenue since Q3 of fiscal 2022.
Regulatory Provision & Goodwill Impairment: A large regulatory provision and a $110 million noncash goodwill impairment in U.S. Capital Markets led to a net loss of $204 million and a loss per share of $2.04.
Wealth Management Strength: Wealth Management revenue hit a record $269 million, with client assets surpassing $49 billion, up 24% year-over-year.
Margin Improvement: Adjusted pre-tax operating margin rose to 11.3%, up both year-over-year and sequentially; the firm expects further margin improvement into fiscal 2026.
Australian Growth: Australian Wealth Management revenue rose 43% year-over-year to a record $28 million, with the Wilsons acquisition expected to add $7 billion in client assets.
U.S. Focus & Divestment: Sale of the U.S. market making business completed, allowing a focus on higher-margin core businesses; margin improvement anticipated as a result.
Dividend Continued: Quarterly dividend of $0.085 per share will continue.
