Investing in Canaccord Financial stock can be a great opportunity for those looking to diversify their portfolio. Canaccord Financial is a Canadian financial services company that offers a range of products and services, including wealth management, capital markets, and commercial banking.
The company has a long history of stability and growth, dating back to 1950. It has a strong presence in the Canadian market and has expanded its operations internationally.
Investors should be aware of the potential risks associated with investing in Canaccord Financial stock. The company's stock price can be volatile and may fluctuate rapidly in response to changes in the market or economic conditions.
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Financial Performance
Canaccord Genuity Group's financial performance has seen its fair share of ups and downs. The company's current share price is CA$10.00, a significant drop from its 52 Week High of CA$11.50.
The 52 Week Low of CA$7.06 is a stark reminder of the volatility in the market. Beta, a measure of stock price volatility, is 1.65.
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In 2023, Canaccord Genuity Group's revenue was 1.39 billion, a decrease of -4.79% compared to the previous year's 1.46 billion. This decline in revenue is a concern for investors.
The company's losses were -24.57 million in 2023, a significant improvement from the -75.68% losses in 2022. This reduction in losses is a positive sign for the company's financial health.
Here's a summary of the company's stock price changes over the past year:
These changes in stock price are a reflection of the company's overall financial performance.
Financial Data
Canaccord Genuity Group's revenue is estimated to be $1,808 million in 2025, $1,992 million in 2026, and $2,174 million in 2027.
The company's dividend yield is expected to remain at 3.80% from 2025 to 2027. This means that for every dollar invested in Canaccord Genuity Group, investors can expect to receive $0.038 in dividend payments each year.
The earnings per share (EPS) is estimated to be $0.86 in 2025, $1.15 in 2026, and $1.42 in 2027. This represents a significant increase in EPS over the next few years.
Income Statements (CAD)
Income Statements (CAD) provide a clear picture of a company's financial health. They show revenue, expenses, and net income over a specific period.
The income statement for 2024 shows sales of 1,478.81 million CAD, a decrease of 2.09% from 2023. Sales have been increasing over the years, but with some fluctuations.
Gross profit on sales in 2024 was 1,326.24 million CAD, a decrease of 1.49% from 2023. Gross profit has been steadily increasing over the years, but with some dips.
Operating income in 2024 was 158.39 million CAD, an increase of 36.71% from 2023. This indicates a significant improvement in the company's operating performance.
Here's a breakdown of the income statement changes over the years:
These changes give us a glimpse into the company's financial performance over time.
Balance Sheet in CAD
The balance sheet is a snapshot of a company's financial situation at a specific point in time. It's a crucial document that helps stakeholders understand the company's assets, liabilities, and equity.
In the case of the company in question, the total liabilities have been steadily increasing over the years, reaching 4,772.35 million CAD in 2024. This is up from 3,168.42 million CAD in 2018, a significant increase of 50.3% over the six-year period.
The company's equity has also seen fluctuations, with a slight decrease of -6.95% in 2024 compared to the previous year. This is a notable change, considering the equity had increased by 7.87% in 2022.
Here's a breakdown of the company's balance sheet total over the years:
It's worth noting that the balance sheet total has seen significant fluctuations over the years, with some years showing increases of over 20% and others experiencing decreases of similar magnitude.
Genuity Estimates and Calendar
Canaccord Genuity Group's financial estimates and calendar are crucial for investors to make informed decisions. According to Canaccord Genuity Group Estimates, the company's revenue is expected to grow from $1,808 CAD in 2025 to $2,174 CAD in 2027.
In 2025, the average earnings estimate for Canaccord Genuity Group is $0.288 CAD, with 4 analysts forecasting a range of $0.242 to $0.288 CAD. This is a significant increase from the previous quarter's estimate of $0.242 CAD.
Canaccord Genuity Group's dividend calendar shows a consistent dividend payment of $0.34 CAD since 2024, with a yield of 3.82%. The company has been paying dividends since 2010, with the highest dividend paid in 2012 at $0.40 CAD.
Here's a breakdown of Canaccord Genuity Group's earnings estimates for the next few quarters:
These estimates and calendar events provide valuable insights into Canaccord Genuity Group's financial performance and future prospects.
Competitors and Market
Canaccord Genuity Group Inc. operates in a highly competitive market.
The company faces competition from other full-service investment dealers in Canada.
Some of its key competitors include National Bank Financial, TD Securities, and RBC Capital Markets.
These competitors have a strong presence in the Canadian market and offer a range of financial services.
Canaccord Genuity Group Inc. differentiates itself through its focus on the mid-market and its extensive network of institutional clients.
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Investment and Stock
Canaccord Financial Inc's shareholder returns show a 33.3% increase over the past year, which is a significant gain.
However, this return underperformed the Canadian Capital Markets industry, which returned 58.4% over the same period.
Despite this, CF exceeded the Canadian Market's return of 16.9% over the past year.
Here's a comparison of Canaccord Financial Inc's shareholder returns with the industry and market:
It's worth noting that Canaccord Financial Inc is a trending stock that is worth watching, according to Stockchase.
Shareholder Returns
Over the past year, Capital Flows (CF) experienced a significant increase in shareholder returns, with a 33.3% gain.
This is a notable improvement from the 7-day period, where CF saw a -0.5% return.
CF's 1-year return of 33.3% is substantial, especially when compared to the Canadian Market's 16.9% return over the same period.
However, CF underperformed the Canadian Capital Markets industry, which returned 58.4% over the past year.
Here's a summary of CF's shareholder returns:
Bitcoin a Unique Long-Term Investment Thesis
Bitcoin is a unique long-term investment thesis, says Joseph Vafi, a managing director of equity research at Canaccord Genuity.
Joseph Vafi joins 'Fast Money' to discuss Microstrategy, bitcoin, and the future of crypto regulation. His expertise provides valuable insights into the world of cryptocurrency investments.
Bitcoin's potential as a long-term investment is a significant consideration for investors. This is a topic that warrants attention and exploration.
Joseph Vafi's opinion on bitcoin's investment potential is noteworthy, given his position at Canaccord Genuity. His views on the matter are informed by his experience and expertise in the field.
Investors should consider the potential benefits of investing in bitcoin, as discussed by Joseph Vafi.
Is a Good Investment?
Joseph Vafi, a managing director of equity research at Canaccord Genuity, considers Bitcoin a unique long-term investment thesis. This suggests that Bitcoin may be a worthwhile investment for those with a long-term perspective.
Canaccord Financial Inc was recommended as a Top Pick by an expert on a specific date, indicating that some experts believe it has potential for growth. It's essential to keep in mind that past recommendations don't guarantee future success.
There are currently 0 stock analysts on Stockchase who cover Canaccord Financial Inc, which may indicate a lack of attention from the investment community. However, this doesn't necessarily mean the stock is a bad investment.
Stockchase's rating for Canaccord Financial Inc is calculated based on expert signals, with a high score suggesting that experts mostly recommend buying the stock. A high score can be a good indicator of a stock's potential for growth.
It's worth noting that Canaccord Financial Inc is a trending stock that is worth watching, according to Stockchase. This means that some experts are taking notice of the stock and may be considering it for their portfolios.
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Why is My Stock Dropping?
If your stock is dropping, it's likely due to recent earnings reports or company news. Earnings reports can reveal disappointing financial results, leading to a decline in stock price.
Earnings reports can reveal disappointing financial results, leading to a decline in stock price.
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Recent company news can also cause a stock price drop. This can include announcements about mergers, acquisitions, or changes in leadership.
Company news can have a significant impact on stock prices, so it's essential to stay informed.
Reading stock experts' recommendations can help you decide whether to buy, sell, or hold the stock.
Frequently Asked Questions
I'd be happy to help you with your investment and stock questions. Here are some frequently asked questions and answers based on the article section facts:
Q: What's the difference between a stock and a bond?
A stock represents ownership in a company, while a bond represents a loan to a company.
Q: How do I choose the right stocks for my portfolio?
Research the company's financial health, industry trends, and growth potential to make informed decisions.
Q: What's the role of a broker in investing?
A broker facilitates buying and selling of securities, often providing research and advice to clients.
Q: How do I stay up-to-date with market trends and news?
Follow reputable financial news sources and stay informed about economic indicators and company announcements.
Q: What's the importance of diversification in investing?
Spreading investments across different asset classes reduces risk and increases potential returns.
Q: Can I invest with a small amount of money?
Yes, you can start investing with a small amount of money, but it's essential to set clear financial goals and a plan.
Q: How do I evaluate a company's financial health?
Look for a strong balance sheet, consistent revenue growth, and low debt levels.
Q: What's the difference between a long-term and short-term investment?
Long-term investments aim for growth over time, while short-term investments focus on quick returns.
Frequently Asked Questions
Is Canaccord a public company?
Yes, Canaccord Financial Inc. is a publicly listed company on the Toronto Stock Exchange and the London Stock Exchange. This public listing allows Canaccord to provide global capital markets services to corporate and institutional clients.
How big is Canaccord Genuity?
Canaccord Genuity has a significant presence with 400 employees and 290 Advisors across six branches in Canada. Its substantial team and network make it a notable player in the industry.
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