BRC Group hits over 1-year high after reporting Q3 profit

BRC group

15/01/2026 18:42

** Shares of investment bank BRC Group RILY.O, formerly B. Riley Financial, jump as much as 45.5%, hitting their highest since August 2024

** Stock last up 38.6% at $10.45

** RILY late Wednesday posted Q3 profit of $89.1 million vs a $286.4 million loss a year earlier

** Bank had a strong quarter across investment banking, advisory, and research and trading with equity and debt capital raises totaling about $10.5 billion

** Q3 revenue jumped to $277.9 million compared with $175.4 million a year earlier

** Bank has navigated heightened turmoil since August 2024 arising from its association with Vitamin Shoppe-owner Franchise Group

** RILY stock rose 1.7% in 2025 after 78% slump in 2024

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))