GMP Capital Inc. slashed nearly a quarter of its global work force, shuttering operations in Britain and Australia and eliminating its dividend. The restructuring comes amid a prolonged commodity rout that has battered Bay Street's independent dealers - whose revenues traditionally leaned heavily on resource companies - and in the aftermath of a multiyear shift in the investment banking business model that has resulted in a steep decline in trading commissions.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
7.59 CAD | +0.66% |
|
-2.69% | +0.93% |
Jul. 02 | RF Capital Group Reports Preliminary Month-End Assets Under Administration of $37.1 Billion For June | MT |
Jun. 11 | Richardson Wealth Adds Wealth-Management Advisor Team to Its Calgary Office | MT |
![Consensus](/images/consensus_flch.gif)
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+0.93% | 85.74M | |
+3.61% | 125B | |
+5.75% | 99.94B | |
+20.34% | 73.37B | |
+33.06% | 70.56B | |
+23.13% | 47.98B | |
+10.99% | 42.62B | |
+26.72% | 38.24B | |
+9.71% | 26.96B | |
+10.17% | 25.38B |
- Stock Market
- Equities
- RCG Stock
- News RF Capital Group Inc.
- GMP Capital Inc. Shuts Operations in Britain and Australia