Canaccord Genuity revenues for the second quarter of fiscal 2019 are up 57% to C$300m ($226.9m), the Group reported on Wednesday.

The company posted a net income of C$13.1m for the quarter ended 30 September 2018, as against a net loss of C$7.3m in the previous year.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Canaccord Genuity Wealth Management generated revenues of C$116.1m globally, while Canaccord Genuity Wealth Management (North America) posted revenues of C$52.2m.

In Canada, the company’s assets under administration totalled C$19.7bn at the end of September 2018. The figure marked a 54% surge from C$12.8bn last year.

Discretionary assets under management in Canada increased 55% to C$4.2bn on a year-on-year basis.

Canaccord Genuity Wealth Management (UK & Europe) generated C$63.9 m in revenues.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In the UK & Europe, assets under management (discretionary and non-discretionary) totalled C$45.2bn as at 30 September 2018, up 11% from C$40.8bn last year.

Canaccord Genuity Group president and CEO Dan Daviau said: “We are pleased to report our fourth consecutive quarter of meaningful year-over-year earnings growth, driven by continued strong financial and business performance.

“By growing contributions from our global wealth management operations and continually strengthening market share in our capital markets operations, we remain optimistic about the opportunities for our business and our ability to deliver superior returns for our shareholders.”