Welcome to our dedicated page for Oppenheimer Hld news (Ticker: OPY), a resource for investors and traders seeking the latest updates and insights on Oppenheimer Hld stock.
Oppenheimer Holdings Inc. (OPY) delivers essential financial services through its wealth management and capital markets expertise. This news hub provides investors and professionals with timely updates on strategic developments, regulatory changes, and market positioning for this global financial institution.
Access OPY's latest press releases, earnings reports, and corporate announcements in one centralized location. Our curated collection helps stakeholders track mergers & acquisitions, leadership changes, dividend declarations, and service expansions while maintaining perspective on long-term business trends.
Key coverage areas include investment banking transactions, wealth management innovations, securities research updates, and institutional trading developments. All content is verified through primary sources to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for efficient monitoring of OPY's market activities. Combine these real-time updates with historical context to inform your analysis of this full-service financial firm's performance and industry impact.
Oppenheimer Holdings (NYSE: OPY) reported strong Q1 2025 financial results with net income of $30.7 million ($2.93 basic EPS), up from $26.1 million ($2.50 EPS) in Q1 2024. Revenue increased 4.2% to $367.8 million.
The Wealth Management segment saw revenue rise 1.7% to $242.0 million, though pre-tax income declined 10.5%. Advisory fees grew 12.2% due to higher Assets Under Management (AUM) of $48.9 billion. Capital Markets revenue increased 10.0% to $123.3 million, reducing its pre-tax loss to $5.1 million from $6.7 million.
The company faces challenges from uncertain macroeconomic conditions, with concerns about recession risks, reduced consumer confidence, and market volatility affecting capital market activity. The Board declared a quarterly dividend of $0.18 per share, payable May 23, 2025.
Oppenheimer Holdings (NYSE: OPY) has strengthened its Technology Investment Banking Group with the appointment of Ranjot Singh as Managing Director. Singh, who will be based in New York and report to Robin Graham, Head of Technology Investment Banking, brings over 16 years of experience and has executed more than $90 billion in M&A transactions.
Singh's previous roles include Senior Managing Director at Guggenheim Securities Investment Bank, positions at Barclays Capital and Lehman Brothers, and most recently served as CFO at Tillman Networks. He holds degrees from Nanyang Technological University, National University of Singapore, and an MBA from Dartmouth's Tuck School of Business.
The appointment enhances Oppenheimer's Technology Investment Banking group, which now comprises 18 senior bankers with expertise across more than 10 technology sub-sectors.
Oppenheimer & Co (OPY) has announced a strategic integration with GBI (Global Bullion International), enabling its wealth management clients to invest in physical precious metals through GBI's platform. The integration, announced on March 19, 2025, allows Oppenheimer's clients to directly buy, sell, store, and take delivery of gold, silver, and other precious metals from their wealth management accounts.
The partnership aims to expand Oppenheimer's alternative investment offerings and provide clients with portfolio diversification options. The integration incorporates GBI's platform into Oppenheimer's existing wealth management services, offering a seamless investment experience for clients seeking exposure to uncorrelated tangible assets.
Oppenheimer Holdings (NYSE: OPY) has announced a significant expansion of its European investment banking team with four key hires in London. The new team, joining from Hannam & Partners, includes Ernest Bell as Managing Director of European Head of Public M&A and Wealth Management, Giles Fitzpatrick as Vice Chairman and Managing Director of European Investment Banking, Richard Clarke as Senior Advisor, and Lucia Sviatkova as Associate.
Bell brings extensive experience having advised on deals exceeding $25 billion in public market and wealth management transactions. The expansion aims to strengthen Oppenheimer's presence in UK wealth management and public M&A sectors, with the team reporting to Max Lami, CEO of Oppenheimer European business.
The strategic hires come as the UK wealth management industry undergoes significant transformation driven by intergenerational wealth transfer and technological advancements, leading to increased US-led investment and M&A activity.
Oppenheimer & Co (NYSE: OPY) has announced the appointment of Gilbert Dychiao as Co-Head of Investment Banking, effective immediately. Dychiao, currently Managing Director and Head of the Financial Institutions Group, will share leadership responsibilities with Robert Lowenthal, who has been appointed as CEO effective May 5, 2025.
Dychiao brings 25 years of investment banking experience and has been with Oppenheimer since 2018. Under his leadership, he has driven total transaction value exceeding $6 billion in industry transactions. In 2024, he led a team of 29 colleagues across the US and UK, achieving record revenue for the Financial Institutions Group.
In his expanded role, Dychiao will oversee several investment banking industry verticals and product groups, while continuing to lead the Financial Institutions Group globally. This appointment is part of Oppenheimer's succession planning strategy to ensure smooth transition for clients, bankers, and staff.
Oppenheimer Holdings (NYSE: OPY) reported Q4 2024 net income of $10.7 million ($1.04 per share), slightly down from $11.1 million ($1.07 per share) in Q4 2023. Revenue increased 21.8% to $375.4 million. For full-year 2024, net income reached $71.6 million ($6.91 per share), up from $30.2 million ($2.81 per share) in 2023, with revenue growing 14.7% to $1.4 billion.
The company achieved record revenue driven by higher advisory fees, increased transaction-based commissions, and improved investment banking performance. Assets Under Management (AUM) reached record levels at $49.4 billion. However, results were impacted by higher compensation expenses, particularly $32.6 million in pre-tax expenses related to liability-based awards due to OPY's stock price increase.
The company repurchased 243,806 shares during 2024 and completed the redemption of all outstanding Senior Secured Notes in Q4 2024. Total stockholders' equity, book value per share, and tangible book value per share reached record levels.
Oppenheimer Holdings (NYSE: OPY) announced the expansion of its Fixed Income Division with three new Managing Directors joining the Emerging Markets Desk in New York. The strategic hires include Persio 'Tony' Perez as EM Sales Manager, Michael Chatman for EM Sales, and Bill Dolan for EM Sovereign Trading.
The new team members bring significant experience: Perez with nearly 30 years, previously at BCP Securities and Merrill Lynch; Chatman with over 25 years, formerly at BCP Securities and BNP Paribas; and Dolan with almost 40 years, previously at Salomon Brothers and Citigroup. These appointments strengthen Oppenheimer's capabilities in emerging markets sales, trading, and research solutions.
Oppenheimer & Co (NYSE: OPY) has appointed Craig Schneider as Regional Director of its Michigan Region. Schneider, who brings over 25 years of financial services experience, will lead the firm's wealth management operations in Michigan and report to Ed Harrington, Executive VP of the Private Client Division.
This appointment follows recent strategic hires including Mark J. Hovanic in Virginia, Aaron Stowell in Atlanta, and Todd Wiggins in Dallas-Fort Worth. The firm also expanded its footprint by opening a new office in Memphis, bringing on board Alan Richmond and Clayton Ellis from B. Riley.
Schneider's most recent position was Executive Director – Market Director at J.P. Morgan Wealth Management. In his new role, he will focus on supporting Oppenheimer's Michigan team and driving regional growth.
Pontera and Oppenheimer (NYSE: OPY) have announced a strategic partnership to enhance wealth management services by incorporating 401(k) account management. Oppenheimer, a major U.S. broker-dealer with 928 financial advisors and $129.8 billion in assets under administration, will utilize Pontera's secure platform to manage clients' workplace retirement accounts. The platform is certified under SOC 2 Type II and ISO 27001 standards, protecting client data while integrating with advisors' portfolio management tools. This collaboration aims to provide more comprehensive investment management services and improve financial outcomes for retirement savers.
Oppenheimer Holdings (NYSE: OPY) concluded its 20th annual Professionals Alliance Group (PAG) Conference at its New York headquarters on November 12-13, 2024. The event brought together Oppenheimer's financial advisors, investment managers, and senior leadership with CPAs and industry partners. The PAG program, established in 1997, enables accounting firms and professional services providers to access Oppenheimer's wealth management, capital markets, and investment banking capabilities. The conference featured sessions on tax-efficient strategies, including tax-exempt fixed income, 1031 exchanges, tax-managed direct indexing, and exchange funds.
