News

Alpha Financial Markets Consulting Expects Drop in Net Fee Income Growth for Fiscal 2024

1 Mins read

By Elena Vardon

London, UK – Alpha Financial Markets Consulting, a leading provider of specialist consultancy services, announced today that it anticipates a decline in net fee income growth and core earnings for fiscal 2024. The company cited intense competition and longer sales cycles as the main factors contributing to these expected results.

According to the company’s projections, it is expected to achieve a net fee income growth rate of 5% for the 12-month period ending on March 31. This comes after an impressive 44% surge in net fee income during fiscal 2023, which amounted to £227.2 million ($286.2 million).

Alpha Financial Markets Consulting also stated that it foresees adjusted earnings before interest, taxes, depreciation, and amortization to range between £42 million and £43 million. This figure represents a decrease from the previous year’s earnings of £46.6 million.

Luc Baque, the Chief Executive Officer of the company, expressed optimism about the market’s recovery but acknowledged that it has been slower than initially expected. He attributed this slow progress to the ongoing rebalancing of supply and demand within the market.

Despite these challenges, Alpha Financial Markets Consulting has continued to experience strong client demand and record higher sales wins in recent months. This positive trend is expected to be sustained moving forward.

Related posts
News

U.S. Federal Reserve revokes crypto guidance for banks

1 Mins read
25th April 2025 – (Washington) The U.S. Federal Reserve announced on 24th April that it will withdraw previous guidance requiring state member…
News

Largo Reports Q1 2025 Production and Sales Results; Provides Update on Operational Turnaround Plans By Investing.com

7 Mins read
All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated. Q1 2025 HighlightsBest Forex Trading Robots For 2022 TORONTO–(BUSINESS…
News

IMF、サウジの2025年成長率見通しを3%に下方修正

1 Mins read
Manya reports on prominent publicly listed U.S. financial firms, including Wall Street’s biggest banks, card companies, asset managers, and fintechs. She also…

Leave a Reply

Your email address will not be published. Required fields are marked *