Canaccord Genuity Group has reported revenues of CAD271.7m ($201.9m) for the fourth quarter of fiscal 2017, a surge 35.2% compared with CAD200.9m ($149.2m) in the corresponding year ago period.

For the quarter ended 31 March 2017, the company’s net income was CAD31m versus a net loss of CAD22.7m a year ago. Expenses rose 2.6% year-on-year to CAD234.3m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Canaccord Genuity Wealth Management generated revenues of CAD74.7m globally during the fourth quarter of fiscal 2017, while Canaccord Genuity Wealth Management (North America) generated revenues of CAD40.3m.

In North America, assets under administration totalled CAD13.2bn, a surge of 43.9% over CAD9.2bn reported a year earlier. Discretionary assets under management in North America were CAD2.6bn at the end of March 2017, compared to CAD1.3bn last year.

Canaccord Genuity Wealth Management (UK & Europe) earned CAD33.1m in revenue during the fourth quarter of fiscal 2017. In the UK & Europe, assets under management (discretionary and non-discretionary) were CAD24.5bn, up 7.6% from CAD22.8bn in the same quarter of last year.

Canaccord Genuity Group president and CEO Dan Daviau said: “Fiscal 2017 was certainly a year of improved performance across our operations, and all businesses contributed to our profitability.

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.

“Throughout the year, we made important progress against our strategy to extract greater value from our existing operations, and the additional growth we have achieved in our global wealth management businesses has meaningfully contributed to a stronger net income result.”