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Sep 30, 2021
Oppenheimer Q3 2021 Earnings Report
Reported net income of $26.3 million, an increase of 67.8%, and revenue of $315.3 million, an increase of 14.1% compared to Q3 2020.
Key Takeaways
Oppenheimer Holdings Inc. reported a strong third quarter in 2021, with record revenue driven by investment banking revenue and advisory fees. Net income increased by 67.8% compared to the same quarter last year, and revenue grew by 14.1%. The Capital Markets business was a significant driver of revenue and earnings, while Wealth Management continued to deliver solid results.
Record revenue, net income, and earnings per share for the first nine months of the year.
Record third quarter gross revenue was driven by investment banking revenue and advisory fees from near record high assets under management.
Record revenue in Capital Markets segment for the third quarter was driven by strong M&A advisory and placement fees in investment banking.
Client assets under administration at record level while client assets under management near record level at September 30, 2021.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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