04:51:15 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Canaccord Genuity Group Inc
Symbol CF
Shares Issued 102,127,482
Close 2014-10-03 C$ 11.00
Market Cap C$ 1,123,402,302
Recent Sedar Documents

Globe says RBC, others make top 20 in capital markets

2014-10-03 07:05 ET - In the News

See In the News (C-RY) Royal Bank of Canada

The Globe and Mail reports in its Friday edition a surge in global deal flow has created a boom for investment bankers and corporate lawyers, driving fees for their services to heights not seen since before the financial crisis. The Globe's Tim Kiladze writes around the world, investment banking fees skyrocketed to $69-billion (U.S.) in the first nine months of the year. In countries such as Canada and the United Kingdom, advisory and underwriting fees jumped 28 per cent and 35 per cent, respectively. Globally, it is the best year for fees since 2007. In Canada, the surge could not come at a better time. Deal flow had been spotty in recent years and Calgary recently suffered an exodus of bankers and analysts. Last quarter Canada's Big Six investment banks saw their capital markets earnings rise 32 per cent on average over the prior year, and four brokers -- RBC, BMO, Canaccord and Scotia -- rank in the top-20 firms for equity fees earned globally in 2014. The recent tumble in stock markets around the world could cool the number of upcoming deals. Hefty fees have been earned in multiple sectors, including biotech, financial services, technology and energy. The shift has also boosted the legal world.

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