CI Financial Third Quarter 2024 Earnings: CA$0.19 loss per share (vs CA$0.077 loss in 3Q 2023)

CI Financial (TSE:CIX) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$876.9m (up 11% from 3Q 2023).
• Net loss: CA$27.6m (loss widened by 122% from 3Q 2023).
• CA$0.19 loss per share (further deteriorated from CA$0.077 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CI Financial Earnings Insights

Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Canada are expected to grow by 37%.

Performance of the Canadian Capital Markets industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for CI Financial (1 is a bit unpleasant!) that we have uncovered.

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