Canada's Canaccord Genuity Q4 adjusted revenue rises 33% on wealth management growth

Canaccord Genuity

03/06/2026 22:41

Overview
Canada financial services firm's fiscal Q4 adjusted EPS beat analyst expectations
Fiscal Q4 adjusted revenue rose 33.2% yr/yr
Company raised quarterly dividend by 17.6%

Outlook
Company did not provide specific guidance for the current quarter or fiscal year

Result Drivers
WEALTH MANAGEMENT GROWTH - Record revenue in global wealth management driven by higher commissions, fees, and investment banking, with contributions from all geographies and the Wilsons Advisory acquisition in Australia
CAPITAL MARKETS STRENGTH - Higher investment banking and advisory activity, especially in Canada and Australia, drove capital markets revenue growth
CLIENT ASSET GROWTH - Total client assets in wealth management rose 22.8% yr/yr, reflecting market appreciation, positive net flows, and recruitment activity

Company press release: ID:nCNWmx3Rha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
 
C$615.86 mln
 
Q4 Adjusted Revenue
 
C$612.69 mln
 
Q4 Adjusted EPS
Beat
C$0.48
C$0.31 (4 Analysts)
Q4 Adjusted Net Income
 
C$65.97 mln
 
Q4 Adjusted Pretax Profit
 
C$89.08 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 18.9% above its June 2 closing price of C$13.25
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

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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.)