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Jun 30, 2022
Oppenheimer Q2 2022 Earnings Report
Oppenheimer's financial performance declined due to macroeconomic headwinds and decreased capital market activity.
Key Takeaways
Oppenheimer Holdings Inc. reported a net loss of $3.9 million for the second quarter of 2022, compared to a net income of $31.2 million for the same period in 2021. The decrease was attributed to macroeconomic factors and a significant downturn in equity capital market issuance. Revenue for the quarter was $237.2 million, a 30.3% decrease compared to the previous year.
Revenue decreased by 30.3% year-over-year, totaling $237.2 million.
The company experienced a net loss of $3.9 million, a significant decrease from the $31.2 million net income in Q2 2021.
Capital Markets revenue decreased by 52% due to a decline in equity capital market issuance and higher interest rates.
The company repurchased 885,230 shares of its Class A non-voting common shares, representing 7% of shares outstanding at year-end 2021.
Oppenheimer
Oppenheimer
Oppenheimer Revenue by Segment
Revenue by Segment
Capital Markets Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in this earnings report.