Olympia Financial saw Q2 revenue rise 5% YoY Fellow investors,
Olympia Financial saw Q2 revenue rise 5% YoY, but missed estimates due to earlier-than-expected rate cuts. Despite this, client assets were up to $11.5B, and dividends grew 33% YoY. While lower rates are likely to reduce interest revenue in H2-2024 and 2025, the company’s services revenue could benefit from growing demand for alternative investments.
Olympia Trust’s expansion into Ontario could also open new opportunities. With OLY trading at a 36% discount to the sector, this may be an interesting entry point.