Olympia Financial Group Inc T.OLY

Alternate Symbol(s): OLYFF

Olympia Financial Group Inc., through its subsidiary, Olympia Trust Company, operates as a non-deposit taking trust company in Canada. The company operates through six segments: Investment Account Services; Corporate and Shareholder Services; Currency and Global Payments; Private Health Services Plan; and Exempt Edge divisions. The Investment Account Services division specializes in self-directed registered plans administration. The Corporate and Shareholder Services division provides transfer agency and corporate trust services to public and private issuers. The Currency and Global Payments division provides corporations and private clients a personalized service for buying and selling foreign currencies. The Private Health Services Plan division markets, sells, and administers health and dental benefits to business owners. The Exempt Edge division provides information technology to exempt market dealers, registrants, and issuers. Olympia Financial Group Inc. was incorporated in 19...

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Olympia Financial Group Inc

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Post by sdhakaon Sep 04, 2024 6:57pm

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Post# 36208957

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.

For more details, check out the free report: https://www.researchfrc.com/content/reports/post/131/well-positioned-to-navigate-headwinds-from-falling-rates

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