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0 0 0.0288659793814433 0.0288659793814433 -0.0041237113402061 -0.0041237113402061 0.0313402061855671 0.0448742268041237
Stock impact report

Oppenheimer Holdings Inc. Reports Third Quarter 2024 Earnings [Globe and Mail, The (Toronto, Canada)]

Oppenheimer Holdings, Inc. Class A (DE) (OPY) 
US:NYSE Investor Relations: opco.com/investor-relations/index.aspx
earnings per share for the third quarter of 2024, compared with net income of $13.9 million or 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 soft landing, amidst continued growth in the economy as we move into 2025. The continued outperformance of the equity markets aided our Wealth Management franchise Show less Read more
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