Canaccord Genuity (TSE:CF) has released an update.
Canaccord Genuity Group Inc. has reported a decrease in fourth quarter revenue by 5.0% and a 2.1% dip in fiscal 2024 revenue, compared to the previous year. Despite the overall decline, the company’s global wealth management operations achieved a record-breaking year with a 9.2% increase in revenue and client assets rising to $103.9 billion. The firm also saw a substantial rise in fourth quarter net income before taxes, which surged by 139.2% excluding significant items, and an earnings per common share of $0.15 for the quarter and $0.40 for the fiscal year.
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