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Sep 30, 2023
Oppenheimer Q3 2023 Earnings Report
Reported net income and increased revenue driven by improved performance across businesses.
Key Takeaways
Oppenheimer Holdings Inc. reported a significant increase in net income for Q3 2023, reaching $13.9 million, a 206.7% increase compared to Q3 2022. Revenue also increased by 6.3% to $312.7 million. The company's performance was boosted by higher interest rates and increased market volumes.
Net income increased by 206.7% to $13.9 million, with basic earnings per share at $1.32.
Revenue increased by 6.3% to $312.7 million driven by higher interest sensitive income and increased fixed income sales and trading.
Assets under administration and management increased due to market appreciation and positive net asset flows.
The company repurchased shares of its Class A non-voting common stock through a Dutch auction and open market purchases.
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 the earnings report.