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Stock impact report

Silvercrest Asset Management Group Inc. Reports Q3 2024 Results [Yahoo! Finance]

Silvercrest Asset Management Group Inc. (SAMG) 
Last silvercrest asset management group inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.silvercrestgroup.com
Company Research Source: Yahoo! Finance
Business Update Supportive markets and improving economic conditions helped Silvercrest's assets under management (“AUM”) growth during the third quarter, pointing to improved top-line revenue. The firm also saw improved business development results and will report a robust pipeline of new business opportunities. A persistent trend of the market's recovery since 2022 has been the narrow leadership of Large Cap Growth equities. We noted during our second quarter earnings call that, despite progress in the market, Large Cap Value and Small Cap stocks, had actually declined during that quarter. We have been pleased to see broader company market participation throughout the third quarter and an increase in equities across the market cap spectrum, which benefits Silvercrest's diversified wealth management business as well as our exposure to the small cap institutional business. The increases during the quarter bode well for future revenue. We are optimistic about securing significant or Show less Read more
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