Key Points – Canaccord reported a strong fiscal Q1: Revenue rose 29% year over year to C$577 million, while adjusted net income jumped 120% to C$57 million and adjusted diluted EPS increased 177% to C$0.36. – Wealth management reached record scale: Revenue grew 26% to C$305…
llion, and client assets climbed 28% to C$160 billion, driven by market gains, net inflows and the Wilsons Advisory integration in Australia. – Capital markets profitability improved sharply: Revenue increased 30% to C$261 million, adjusted pre-tax income rose to C$37 million from about C$6 million, and advisory revenue more than doubled, although management cautioned that transaction timing and mining activity could moderate. – Apple Faces DOJ Scrutiny, but Not These 3 Under the Radar Names Canaccord Genuity Group (TSE:CF) reported stronger fiscal 2027 first-quarter results as growth in wealth management and capital markets lifted revenue and profitability, supported by favorable equity markets, higher client activity and expense discipline. Firm-wide revenue rose 29% from a year earlier to C$577 million
Adjusted net income increased 120% to C$57 million, while adjusted diluted earnings per share climbed 177% to C$0.36. Chief Financial Officer Nadine Ahn said pre-tax net income increased 128% year over year, outpacing revenue growth, and the firm’s pre-tax operating margin improved by 5.7 percentage points. Chairman and CEO Dan Daviau said global equity markets performed well in the quarter despite a mixed economic backdrop, with emerging markets and artificial-intelligence-related enthusiasm contributing to gains.
Commodity markets were less consistent, though Daviau said the environment for mining activity remained constructive. Wealth Management Reaches Record Client Assets Wealth management accounted for 53% of total revenue and generated C$305 million in revenue, up 26% year over year. Adjusted pre-tax net income for the division increased 40% to C$57 million, producing an adjusted…