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Jun 30, 2024
Oppenheimer Q2 2024 Earnings Report
Reported net income and revenue increase compared to the same quarter last year.
Key Takeaways
Oppenheimer Holdings Inc. reported a profitable second quarter with a net income of $10.3 million, or $0.99 basic earnings per share, compared to a net loss of $(9.4) million, or $(0.85) basic earnings per share, for the second quarter of 2023. Revenue increased by 8.0% to $330.6 million.
Revenue increased due to higher advisory fees, investment banking, and interest revenues.
Assets under administration and management reached record levels.
Compensation expenses increased due to higher incentive and share-based compensation.
Non-compensation expenses decreased primarily due to lower legal costs.
Oppenheimer
Oppenheimer
Oppenheimer Revenue by Segment
Revenue by Segment
Capital Markets Revenue
CapyFin.com Forward Guidance
The company did not provide a quantitative forward guidance.