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Stock impact report

BCG Shreds Expectations and Delivers Top-Down Beat – Quarterly Update Report [Yahoo! Finance]

Binah Capital Group, Inc. (BCG) 
Company Research Source: Yahoo! Finance
Binah Capital Group, Inc. (NASDAQ: BCG) delivered a top-down beat, led by strong asset under management (AUM) growth, clearing the way for further expansion. The company posted an impressive 9.5% increase in revenue to $46.2 million, led by strengthened commissions, increased advisory fees, and higher interest income. Considerable growth in both trailing commissions and advisory fees helped offset some dampened sales-driven business results. AUM increased 11% year-over-year to $30.0 billion, reflecting the scalability of BCG's advisor-centric business model and underlining further capacity to attract and grow client assets via advisory and commission-based business lines. Market appreciation and successful asset retention remained supportive of AUM growth and are exciting indicators for future earnings potential. Profitability increased to a multi-quarter high, with EBITDA growing to $2.9 million, kicking the profitability machine into gear. As debt levels continue to moderate Show less Read more
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