Data from the Financial Services Commission (FSC) show that Jamaica's securities dealers recorded net profits before tax of $14 billion during the first nine months of last year, marking a sharp turnaround from the $1.65 billion loss reported over the same period in 2024.
The FSC noted that the earlier losses were largely driven by uncertainty in the economy and the impact of Hurricane Beryl, which disrupted financial markets and business activity.
The regulator cautioned, however, that the sector's performance in the final quarter of last year is likely to reflect the effects of Hurricane Melissa.
According to the FSC, the rebound in profitability up to September was underpinned by a 24 per cent increase in revenues to $68.8 billion, alongside a four per cent reduction in expenses.
Non-interest income also surged by 76 per cent during the period.
The sector's return on equity improved significantly to 10 per cent, compared with just three per cent during the first nine months of 2024, reflecting the stronger financial performance of securities dealers.
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