HomeMarket NewsCanaccord Genuity's Melancholic Quarter Dampens Market Outlook

Canaccord Genuity’s Melancholic Quarter Dampens Market Outlook

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Canaccord Genuity Group (OTCPK:CCORF) stock plunged 8.8% in Thursday afternoon trading following a downgrade by TD Cowen analyst Graham Ryding, who cited the company’s disappointing fiscal Q2 results.

With revenue down 30% from the year-earlier period, Canaccord (OTCPK:CCORF) faced a challenging quarter, particularly in its capital market division due to higher interest rates.

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