Oppenheimer Holdings

Oppenheimer Holdings, Inc. engages as a middle-market investment bank and full-service broker-dealer. It operates through the following segments: Private Client, Asset Management, Capital Markets, and Corporate/Other. The Private Client segment consists of commissions and a proportionate amount of fee income earned on assets under management (AUM), net interest earnings on client margin loans and cash balances, fees from money market funds, custodian fees, net contributions from stock loan activities and financing activities, and direct expenses. The Asset Management segment consists of fee income earned on AUM from investment management services of Oppenheimer Asset Management Inc. The Capital Markets segment offers investment banking, institutional equities sales, trading, and research, taxable fixed income sales, trading, and research, public finance, and municipal trading. The Corporate/Other segment pertains to legal, compliance, accounting, and internal audit activities. The company was founded in 1881 and is headquartered in New York, NY.

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Oppenheimer's earnings report show strength in mid-market capital markets franchise as well as solid growth in the rest of its AUM and commission based businesses. Risk taking in public markets has driven the bulk of the company's performance, and capital markets did well despite the lack of major PE activity. OPY looks attractive in terms of valuation, with forward multiples below 10x, making it cheaper compared to peers like Lazard, which trades at around 20x.

Oppenheimer Holdings: Mid-Market Prevailing In Capital Markets, Solid All Around

NEW YORK , Oct. 25, 2024 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $24.5 million or $2.38 basic earnings per share for the third quarter of 2024, compared with net income of $13.9 million or $1.32 basic earnings per share for the third quarter of 2023. Revenue for the third quarter of 2024 was $373.4 million, an increase of 19.4%, compared to revenue of $312.7 million for the third quarter of 2023.

Oppenheimer Holdings Inc. Reports Third Quarter 2024 Earnings

NEW YORK , Oct. 15, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today that Christian Baetz joined the firm as a Managing Director in the firm's Consumer Investment Banking Group. He will be based out of Oppenheimer's New York office and report to Michael Cella, Managing Director and Group Head of U.S. Consumer Investment Banking.

Oppenheimer Hires Christian Baetz As Managing Director, Consumer Investment Banking

Industry Veteran to Bring His Experience Leading, Attracting, and Retaining Advisors to His New Location NEW YORK , Oct. 1, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer") – a leading wealth manager, investment bank, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) – today announced that Todd Wiggins has been named the Regional Director of its Dallas-Fort Worth Region. Wiggins joined Oppenheimer in 2016 and has served as Managing Director of Investments and Branch Manager in the firm's Atlanta ofﬁce.

Oppenheimer Names Todd Wiggins Regional Director of Dallas-Fort Worth Region

Latest Move into Tennessee Builds on Firm's Momentum Following the Opening of Its Nashville Office in 2022 NEW YORK , Sept. 23, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — today announced the opening of its new office in Memphis, Tennessee, along with the recruitment of Alan Richmond, Executive Director – Investments, and Clayton Ellis, Director – Investments.

Oppenheimer Expands Presence in Tennessee with the Opening of its Memphis Office

NEW YORK , Sept. 19, 2024 /PRNewswire/ - Oppenheimer Holdings Inc. (the "Company" or "Oppenheimer") today announced that it has delivered to the holders of its 5.50% Senior Secured Notes due 2025 (the "Notes"), a notice of redemption, notifying such holders of the Company's intent to redeem on October 10, 2024 (the "Redemption Date") $113,050,000 aggregate principal amount of the outstanding Notes at a redemption price equal to 100.00% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date.

OPPENHEIMER HOLDINGS INC. ANNOUNCES REDEMPTION OF $113 MILLION OF 5.50% SENIOR SECURED NOTES DUE 2025

Longtime financial services veteran assumes role after serving in similar position for 17 years NEW YORK , Sept. 10, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer") – a leading wealth manager, investment bank, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) – today announced that Aaron Stowell has been named Branch Manager of its Atlanta office, where he will lead the day-to-day operations of the firm's wealth management business in the city.

Oppenheimer Names Aaron Stowell Managing Director and Branch Manager of Atlanta Office

Former J.P. Morgan Securities Veteran to Lead Firm's Richmond and Virginia Beach Offices NEW YORK , Sept.

Mark J. Hovanic Joins Oppenheimer as Executive Director and Branch Manager

Nearly 60 of Oppenheimer's Next-Gen Financial Advisors to Convene in New York Industry-Leading Event Showcases Breadth and Depth of Firmwide Resources to Support the Long-Term Success of Next-Gen Advisors NEW YORK , Aug. 13, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — today announced the commencement of its Next-Gen Peer-to-Peer Forum at the firm's headquarters in New York City. Now in its third year, the two-day event will bring together nearly 60 financial advisors across 25 Private Client Division offices and 16 states nationwide.

Oppenheimer Kicks Off its Third Annual Next-Gen Peer-to-Peer Forum

NEW YORK , July 26, 2024 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $10.3 million or $0.99 basic earnings per share for the second quarter of 2024, compared with a net loss of $(9.4) million or $(0.85) basic earnings per share for the second quarter of 2023. Revenue for the second quarter of 2024 was $330.6 million, an increase of 8.0%, compared to revenue of $306.2 million for the second quarter of 2023.

Oppenheimer Holdings Inc. Reports Second Quarter 2024 Earnings

Strategic Recruitment of 10 New Hires Builds on Oppenheimer's Momentum as the Credit Landscape and Macroeconomic Trends Signal Greater Demand for Leveraged Finance NEW YORK , July 15, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY) —announced today the continued expansion of its Fixed Income Division with the addition of 10 more High Yield and Distressed Debt Team members. The additions coincide with a more challenging credit environment and expansion of the firm's restructuring and debt advisory capabilities.

Oppenheimer Announces Additions to the High Yield and Distressed Debt Team

Expanding the Depth and Breadth of Oppenheimer's Biotech Equity Research NEW YORK , July 11, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today the appointment of Andreas Argyrides as Executive Director and Senior Analyst covering the Biotechnology sector.  "We are thrilled to have Andreas join our biotech research team as we expand the depth and breadth of our industry expertise," said John Hellier, Senior Managing Director, Head of Equities for Oppenheimer.

Oppenheimer & Co. Inc. Appoints Andreas Argyrides As Executive Director and Senior Analyst Covering the Biotechnology Sector

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Kumar Brings Extensive Financial Services Experience to Lead a Four-Person Team that Reflects Oppenheimer Research's Commitment to FinTech and Payments NEW YORK , July 9, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today the appointment of Rayna Kumar as Managing Director and Senior Analyst covering the Financial Technology sector. She will lead a four-person team from Oppenheimer's New York office.

Oppenheimer & Co. Inc. Appoints Rayna Kumar As Managing Director and Senior Analyst Covering the Fintech Sector

Bhatia's Addition Exemplifies Continued Deployment of Resources  Towards Building a Leading Life Sciences Practice NEW YORK , June 24, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today that Kunal Bhatia joined as a Managing Director in the firm's Healthcare Investment Banking Group. He will be based in New York and report to Michael Margolis, R.Ph, Oppenheimer's Co-Head of Healthcare and Head of Healthcare Life Sciences Investment Banking.

Oppenheimer Hires Kunal Bhatia As Managing Director, Healthcare Investment Banking

Highly experienced, London-based banker to lead firm's newly established Healthcare M&A practice NEW YORK , June 4, 2024 /PRNewswire/ -- Oppenheimer Europe (Oppenheimer) — a subsidiary of Oppenheimer Holdings, the leading investment bank and wealth manager (NYSE: OPY) — announced today a further expansion of its European investment banking footprint with the addition of Martin Chamberlin. Based in London, Chamberlin will serve as a Managing Director and Head of European Healthcare.

Oppenheimer Expands Its Global Investment Banking Capabilities with the Addition of Martin Chamberlin

Senior banker brings two decades of technology investment banking experience to firm's software team NEW YORK , May 13, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank and subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today that it has expanded its Technology Investment Banking group with the addition of Yogesh Amle as Managing Director, co-Head of Infrastructure Software. He will be based in Oppenheimer's San Francisco office and report to Robin Graham, the firm's Head of Technology Investment Banking.

Oppenheimer Expands Technology Investment Banking Group with Addition of Yogesh Amle

Highly experienced, London-based bankers to lead firm's newly established Capital Markets Group focused on   Emerging Markets. NEW YORK , May 8, 2024 /PRNewswire/ -- Oppenheimer Europe (Oppenheimer) — a subsidiary of Oppenheimer Holdings, the leading investment bank and wealth manager (NYSE: OPY) — announced today a further expansion of its European investment banking footprint with the addition of Dmitry Gladkov and Konstantin Derkatschew.

Oppenheimer Expands Its Investment Banking Capabilities with the Hires of Dmitry Gladkov and Konstantin Derkatschew

NEW YORK , April 26, 2024 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $26.1 million or $2.50 basic earnings per share for the first quarter of 2024, an increase of approximately 78.2%, compared with net income of $14.6 million or $1.32 basic earnings per share for the first quarter of 2023. Revenue for the first quarter of 2024 was $353.1 million, an increase of 9.8%, compared to revenue of $321.7 million for the first quarter of 2023.

Oppenheimer Holdings Inc. Reports First Quarter 2024 Earnings

Bird Has More Than 30 Years of Experience as a Top-Performing Analyst, Portfolio Manager and Management Strategy Consultant NEW YORK , April 3, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today the appointment of William Bird as Director of Equity Research. Bird, who previously served as Managing Director, Head of Thematic Research, succeeds John Parks, who is retiring from Oppenheimer after 35 years of service.

Oppenheimer & Co. Inc. Appoints William Bird Director of Equity Research

Texas-Based Senior Banker, Who Has Nearly 30 Years of Public Finance Experience, Builds on Oppenheimer's Continued Momentum in the Space Reed's Recruitment Follows the Hires of Northeast Region Head Kristin Stephens, Southeast Region Head David Moffett and Public Finance Head Elizabeth Coolidge NEW YORK, March 12, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading financial services firm and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today that Frank Sanchez Reed has joined the Public Finance team as Managing Director, Head of the Southwest Region, where he will focus on large issuer coverage and strategy, including in California. He is based in Texas and will report to Elizabeth (Beth) Coolidge, the recently appointed Head of Public Finance.

Oppenheimer Further Expands Public Finance Banking Team with Appointment of Frank Sanchez Reed As Head of the Southwest Region

NEW YORK , March 4, 2024 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) today announced that its Board of Directors approved a share repurchase program that authorizes the Company to purchase up to 518,000 shares of the Company's Class A non-voting common stock, representing approximately 5% of its 10,357,376 currently issued and outstanding shares of Class A non-voting common stock. This authorization will supplement the 120,155 shares that remain authorized and available under the Company's previous share repurchase program covering up to 543,000 shares of the Company's Class A non-voting common stock, which was announced on December 14, 2022, for a total of 638,155 shares authorized and available for repurchase.

Oppenheimer Holdings Inc. Announces Share Repurchase Program

Virtual Event Gathers Over 140 Leading Companies for Presentations and Fireside Chats, Hosted by Oppenheimer's Healthcare Equity Research Analysts Conference Combines In-Depth Discussions Between Executives and Investors With Oppenheimer's Expertise in Healthcare Research and Investment Banking NEW YORK , Feb. 13, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading investment bank, wealth manager and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — today announced that its 34th Annual Healthcare Life Sciences Conference will be held February 13-14. The virtual event gathers more than 140 public and private healthcare companies, representing more than $230 billion in market capitalization.

Oppenheimer & Co. Inc. Announces 34th Annual Healthcare Life Sciences Conference

Stephens will Head Up the Northeast Region while Moffett will Lead the Southeast Region; Each Has Over 20 Years of Public Finance and Municipal Capital Markets Experience, and will Serve as a Managing Director New York and Atlanta-Based Senior Hires Follow the Recent Recruitment of Their Colleagues and Oppenheimer's Newly Named Head of Public Finance, Elizabeth Coolidge, and Builds on Oppenheimer's Growth in the Space NEW YORK , Feb. 8, 2024 /PRNewswire/ -- Oppenheimer & Co. Inc. (Oppenheimer) — a leading financial services firm and a subsidiary of Oppenheimer Holdings (NYSE: OPY) — announced today that Kristin Stephens and David Moffett have joined the Public Finance team as Managing Directors. Ms. Stephens will be based in New York and serve as Head of the Northeast Region while Mr.

Oppenheimer Further Expands Public Finance Banking Team with Appointments of Kristin Stephens and David Moffett

NEW YORK , Jan. 26, 2024 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $11.1 million or $1.07 basic earnings per share for the fourth quarter of 2023 compared with net income of $22.4 million or $2.04 basic earnings per share for the fourth quarter of 2022. Adjusted net income(a) was $16.1 million or $1.56 basic earnings per share for the fourth quarter of 2023, after excluding $5.0 million of expense related to a regulatory settlement.

News for Oppenheimer Holdings Stock (OPY)