Binah Capital Shares Edge Lower in Late Trading as Investors Look Again at Asset Base
Binah Capital shares fell 5 cents to $1.62 in light after-hours trading, with fewer than 40,000 shares changing hands. The company reported first-quarter advisory and brokerage assets of $29.0 billion, up 12.9% from a year earlier. Revenue slipped 0.5% to $48.7 million, while net income rose to $1.9 million from $1.0 million.
