Oppenheimer Holdings reports Q3 basic EPS $2.38 vs. $1.32 last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 25 2024
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Q3 Financial Performance: The company reported Q3 revenue of $373.4 million, an increase from $312.7 million the previous year, indicating strong operating results in a resilient economic environment.
Economic Outlook: Chairman and CEO Albert Lowenthal noted that major indices reached new highs due to the Federal Reserve's decision to lower interest rates, suggesting a soft landing for the U.S. economy with continued growth expected into 2025.
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Analyst Views on OPY
About OPY
Oppenheimer Holdings Inc., through its subsidiaries, is a middle market investment bank and full-service broker-dealer. The Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. The Company’s Wealth Management segment provides a comprehensive array of financial services through a network of financial advisors. Its wealth management services include full-service brokerage, wealth planning, and margin lending. Its Capital Markets segment includes investment banking, institutional equities sales, trading, and research, taxable fixed income sales, trading, and research, public finance and municipal trading, as well as the Company's operations in the United Kingdom, Hong Kong and Israel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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