Oppenheimer Holdings Inc. Reports Third Quarter 2024 Earnings
Oppenheimer Holdings, Inc. Class A (DE) (OPY)
US:NYSE Investor Relations:
opco.com/investor-relations/index.aspx
Company Research
Source: PR Newswire
NEW YORK, Oct. 25, 2024 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $24.5 million or $2.38 basic earnings per share for the third quarter of 2024, compared with net income of $13.9 million or $1.32 basic earnings per share for the third quarter of 2023. Revenue for the third quarter of 2024 was $373.4 million, an increase of 19.4%, compared to revenue of $312.7 million for the third quarter of 2023.Albert G. Lowenthal, Chairman and CEO commented, "The Firm delivered strong operating results for the quarter in a still-resilient economic environment. During the third quarter, all major indices reached new highs, mostly spurred by the Federal Reserve's long-awaited decision to reduce the Federal Funds rate by one half percent with the view that lower borrowing costs will slow the uptick in unemployment without rekindling higher inflation. Based on recent economic indicators, it appears that the U.S. economy is headed for a
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News
- Despite recent sales, Oppenheimer Holdings Inc. (NYSE:OPY) insiders still hold the largest share with a 44% interest [Yahoo! Finance]Yahoo! Finance
- Pontera and Oppenheimer partner to empower holistic wealth management that incorporates clients' 401(k)s [Yahoo! Finance]Yahoo! Finance
- Pontera and Oppenheimer partner to empower holistic wealth management that incorporates clients' 401(k)sPR Newswire
- Oppenheimer Concludes 20th Annual Professionals Alliance Group (PAG) Conference [Yahoo! Finance]Yahoo! Finance
- Oppenheimer Concludes 20th Annual Professionals Alliance Group (PAG) ConferencePR Newswire
OPY
Sec Filings
- 10/28/24 - Form 8-K
- 10/25/24 - Form 8-K
- 10/25/24 - Form 10-Q
- OPY's page on the SEC website