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The latest update is out from Hampton Financial ( (TSE:HFC) ).
Hampton Financial Corporation reported an 80% year-over-year increase in its Q1 revenue to $3,133,000, despite facing a net loss of $(799,000). The results reflect ongoing challenges in the capital markets due to rising interest rates and global uncertainties, although signs of improvement are emerging. The company remains optimistic about the second half of the fiscal year as interest rates stabilize, and plans to expand its business portfolio while growing its wealth management and capital markets operations.
More about Hampton Financial
Hampton Financial Corporation operates within the capital markets industry, focusing on wealth management and capital markets services. The company has recently integrated its acquisition of Oxygen Working Capital and is exploring opportunities to expand its lending portfolio.
YTD Price Performance: -4.55%
Average Trading Volume: 4,212
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$22.48M
For a thorough assessment of HFC stock, go to TipRanks’ Stock Analysis page.