Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Currency Exchange International ( (TSE:CXI) ) has provided an update.
Currency Exchange International reported a net income of $4.2 million for the third quarter of 2025, an 8% increase from the previous year, despite a net loss from its Canadian subsidiary, Exchange Bank of Canada, which is being discontinued. The company’s overall revenue grew by 7% due to strong performance in payments and banknotes, although adjusted net income decreased by 10% due to the impact of discontinued operations. The strategic decision to cease operations of the Exchange Bank of Canada is expected to shift certain costs to CXI’s continuing operations, with an estimated annualized cost of $3 million after tax.
The most recent analyst rating on (TSE:CXI) stock is a Hold with a C$22.50 price target. To see the full list of analyst forecasts on Currency Exchange International stock, see the TSE:CXI Stock Forecast page.
Spark’s Take on TSE:CXI Stock
According to Spark, TipRanks’ AI Analyst, TSE:CXI is a Neutral.
Currency Exchange International’s overall score reflects strong financial performance and strategic improvements, tempered by cash flow challenges and valuation concerns. The earnings call highlighted both positive operational gains and ongoing challenges, contributing to a balanced outlook.
To see Spark’s full report on TSE:CXI stock, click here.
More about Currency Exchange International
Currency Exchange International, Corp. operates in the financial services industry, primarily offering currency exchange and international payment services. The company focuses on expanding its market presence through organic growth in payments revenue and increasing trading volumes, as well as enhancing its banknotes revenue by onboarding new customers and expanding agency relationships.
Average Trading Volume: 5,776
Technical Sentiment Signal: Buy
Current Market Cap: C$142.2M
See more data about CXI stock on TipRanks’ Stock Analysis page.