CI Financial Corp

CIX: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 27.00	Hyycgv	Shjbr

CI Financial Earnings: Solid Operating Results in the Face of a Weakening Market Environment

Greggory Warren

Nov 9, 2023

There was little in narrow-moat CI Financial's third-quarter operating results that would alter our long-term view of the firm. We expect to leave our CAD 16 per share fair value estimate in place.

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How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.