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Mar 31, 2024
Oppenheimer Q1 2024 Earnings Report
Reported a significant increase in net income and revenue, driven by strong performance in investment banking and wealth management.
Key Takeaways
Oppenheimer Holdings Inc. reported a strong first quarter in 2024, with a 78.2% increase in net income and a 9.8% increase in revenue compared to the first quarter of 2023. The firm benefited from improved macroeconomic conditions, rising equity markets, and strong performance in its investment banking and wealth management businesses.
Net income increased by 78.2% to $26.1 million, or $2.50 basic earnings per share.
Revenue increased by 9.8% to $353.1 million.
Assets under administration and management reached record levels.
The company repurchased 214,723 shares of Class A non-voting common stock at an average price of $39.05 per share.
Oppenheimer
Oppenheimer
Oppenheimer Revenue by Segment
Revenue by Segment
Wealth Management Revenue
CapyFin.comCapital Markets Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income