Canada's Canaccord Genuity Q1 revenue up on higher commissions, fees

Canaccord Genuity

06/08/2026 22:48

Overview
Canada financial services firm's fiscal Q1 adjusted EPS beat analyst expectations
Fiscal Q1 revenue rose 28.8% yr/yr, driven by wealth management and capital markets growth
Company reported record client assets and higher advisory and investment banking revenues

Outlook
Company says uncertainty in geopolitical and macroeconomic conditions limits visibility on future financing activity

Result Drivers
WEALTH MANAGEMENT GROWTH - Higher commissions and fees, positive market performance, net new asset inflows, and the Wilsons Advisory acquisition in Australia drove record client assets and revenue in wealth management
CAPITAL MARKETS REVENUE - Growth in advisory, investment banking, and commissions and fees revenue, with particular strength in mining and core sectors, supported capital markets performance
TRADING REVENUE DECLINE - Trading revenue fell due to the sale of the US wholesale market making business

Company press release: ID:nCNWglm9La

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
C$573.59 mln
 
Q1 Adjusted Revenue
 
C$577.44 mln
 
Q1 Adjusted EPS
Beat
C$0.36
C$0.32 (3 Analysts)
Q1 Adjusted Net Income
 
C$57.27 mln
 
Q1 Adjusted Pretax Profit
 
C$76.14 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy"
Wall Street's median 12-month price target for Canaccord Genuity Group Inc. is C$15.75, about 7.1% above its August 5 closing price of C$14.70
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Aug 4 - Canada's iA Financial Q2 core EPS beats estimates on Wealth Management growth
Aug 5 - Canada's Sprott Q2 net income more than doubles on higher average AUM
Aug 5 - Brookfield Asset Management Q2 fee-related earnings rise 20%

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)