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Goodbody's Profits Surge, Eyeing BCP Asset Management
Description
Goodbody Stockbrokers, under AIBs ownership, reported a staggering 109% profit surge to €16.1 million, driven by soaring fees in wealth management and investment banking. Despite geopolitical turmoil and market fluctuations, the firm thrived, with total revenue up 23% to €113.7 million and fees climbing 30% to nearly €75 million. Goodbody is now eyeing a potential acquisition of BCP Asset Management, valued between €12-€14 million, to further bolster its position in the market.
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