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Sep 30, 2024
Oppenheimer Q3 2024 Earnings Report
Reported strong operating results driven by market appreciation and strategic balance sheet management.
Key Takeaways
Oppenheimer Holdings Inc. reported a significant increase in net income and revenue for Q3 2024, driven by strong performance in wealth management and investment banking. The company's strategic initiatives, including the redemption of senior secured notes, further strengthened its financial position.
Revenue increased by 19.4% compared to the same quarter last year, reaching $373.4 million.
Net income rose to $24.5 million, or $2.38 per share, up from $13.9 million, or $1.32 per share in Q3 2023.
Assets under management and administration reached record levels, benefiting from market appreciation.
The company redeemed all outstanding senior secured notes, strengthening its balance sheet.
Oppenheimer
Oppenheimer
Oppenheimer Revenue by Segment
Revenue by Segment
Capital Markets Revenue
CapyFin.com