reports
- Sid Rajeev
Well-Positioned to Navigate Headwinds from Falling Rates
Olympia Financial Group Inc. (TSX: OLY) reported a 5% year-over-year increase in revenue for Q2-2024, driven by higher interest rates and client assets under management. However, revenue missed estimates by 4% due to earlier-than-expected rate cuts by the Bank of Canada. Earnings per share (EPS) declined by 1% year-over-year and fell 12% below estimates. Client assets grew by 1.2% quarter-over-quarter to $11.5 billion. While dividends remained flat quarter-over-quarter, they increased by 33% yea...
- Sid Rajeev
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