Tag Archives: Expansion
Canaccord’s Expansion Costs Offset Record Wealth-Segment Revenue
Technology tamfitronics Canaccord Genuity Group Inc.’s earnings missed analysts’ estimates in the fiscal first quarter as higher costs from hiring and technology investments overshadowed record revenue from its wealth-management segment.Author of the article:Bloomberg NewsStephanie HughesPublished Aug 08, 2024 • Last updated 6 hours ago • 1 minute readBoats at the Coal Harbour marina in Vancouver, British Columbia, Canada, on Saturday, June 22, 2024. Canada is scheduled to release gross domestic product (GDP) figures on June 28. Photographer: SeongJoon Cho/Bloomberg Photo by SeongJoon Cho /Bloomberg(Bloomberg) — Canaccord Genuity Group Inc.’s earnings missed analysts’ estimates in the fiscal first quarter as higher costs from hiring and technology investments overshadowed record revenue from its wealth-management segment.The Canadian wealth manager reported earnings per share of C$0.13 on an adjusted basis in the three months through June 30, short of analysts’...