Canaccord Genuity Wealth Management (CGWM) posted an improved year-on-year profit across its global operations in the quarter ending 30 June.
The firm posted a pre-tax profit of $20.3 million for the three months to 20 June (CGWM’s Q1) up 8.5 percent on the equivalent period in 2019. This was against global revenue of $137.9 million, up 6.3 percent year-on-year.
Its profit margin improved very slightly, from 14.5 percent in Q1 2019 to 14.8 percent in Q1 2...
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