Canada's Canaccord Genuity Q3 adjusted revenue rises 36.5% yr/yr

Canaccord Genuity

13/02/2026 22:18

Removes reference to CRC-IB acquisition in the third bullet of Overview section

Overview

Canada financial services firm's fiscal Q3 revenue rose 36.5% yr/yr

Co reports adjusted EPS of C$0.36 in Q3

During the quarter, company completed acquisition of Wilsons Advisory

Result Drivers

INVESTMENT BANKING - Strong growth in investment banking, especially in Australia, drove revenue increase, with metals and mining sector contributing significantly

WEALTH MANAGEMENT EXPANSION - Acquisition of Wilsons Advisory boosted Australian wealth management revenue and client assets

CLIENT ASSETS GROWTH - Total client assets in global wealth management division rose 25.9% year-over-year, driven by market growth and acquisitions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$637.86 mln
Q3 Adjusted Revenue
C$616.13 mln
Q3 Adjusted EPS
Beat
C$0.36
C$0.30 (2 Analysts)
Q3 Adjusted Net Income
C$56.77 mln
Q3 Adjusted Pretax Profit
C$80.54 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$14.00, about 16% above its February 12 closing price of C$12.07

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nCNW4MYpna

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(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.)