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Oppenheimer Holdings Inc. reports developments tied to its wealth management, securities brokerage, investment banking, and capital markets businesses conducted through Oppenheimer & Co. Inc. and related entities. Recurring updates include quarterly earnings, advisory and underwriting activity, sales and trading conditions, private client division changes, and asset management-related measures within the Wealth Management segment.
Company news also covers additions to investment banking and public finance capabilities, including equity capital markets, debt private placements, municipal underwriting and trading, and sector-focused advisory coverage. Governance, capital actions, and legal or compensation items that affect reported results may also appear in company disclosures.
Oppenheimer Holdings (NYSE: OPY) reported a 1Q-2026 net loss of $20.6M or $(1.93) per share on $445.1M revenue, up 21.0% year-over-year. Results included a $70M pre-tax legal accrual for settlement and a $22.3M pre-tax mark-to-market stock‑based compensation charge.
Adjusted net income was $47.5M ($4.46 per share). Assets under management were $54.1B, and the Board raised the quarterly dividend 11.1% to $0.20 per share.
Oppenheimer Holdings (NYSE:OPY) agreed to settle a class-action suit over its 2022–2026 cash sweep program by executing a binding term sheet to pay $70 million into escrow, subject to District Court preliminary and final approval.
The settlement, expected to be funded within ten business days after preliminary approval (which the company expects may take up to 90 days), will cover claims through final approval and is without admission of liability. The company said the reserve for the settlement will significantly impact Q1 2026 earnings reported next week, and the amount is expected to be fully tax deductible. The parties will file for preliminary approval within 60 days of the term sheet.
Oppenheimer (NYSE: OPY) elevated David Fleming to a New York-based leadership role in its Private Client Division, reporting to Ed Harrington, and named Ron Guidi branch manager in San Francisco, effective April 9, 2026. Wealth Management reported >$1 billion revenue in 2025, AUM $55.2 billion, and AUA $143.3 billion as of December 31, 2025. Fleming previously grew the San Francisco branch revenue by 36%, assets by 34%, and added seven advisors since joining in 2022.
Oppenheimer (NYSE: OPY) named Bill Farmer Managing Director and Head of Aerospace & Defense Technology Investment Banking, effective April 8, 2026. Farmer will be based in Baltimore and report to Robin Graham, leading M&A and coordinating equity and debt capital markets for aerospace, defense and government services.
He brings over 25 years of experience and more than 100 completed transactions, joining from Brown Gibbons Lang with prior roles at Stifel, Jefferies and Lazard.
Oppenheimer (NYSE: OPY) on March 31, 2026 announced three managing director hires to expand its municipal capital markets platform. The additions — Matt Davis, Lauren Carter, and Brendan Shanahan — bolster underwriting, sales and trading across competitive and negotiated municipal transactions.
The hires aim to strengthen Public Finance capabilities amid rising infrastructure demand and withdrawals by other market participants, supporting issuers and institutional and individual investors.
Oppenheimer (NYSE:OPY) named Chris DeFalco and John Hyland as Co-Heads of its Equity Capital Markets (ECM) investment banking group, effective March 24, 2026. Both will serve on the firm's Investment Banking Commitment Committee while Peter Bennett shifts to lead Corporate Executive Services to connect Investment Banking and Wealth Management.
DeFalco has completed more than 285 equity and equity-linked offerings and led the firm's SPAC practice; Hyland has led over 200 equity offerings and joined Oppenheimer in 2021.
Oppenheimer (NYSE: OPY) named Eric Nortman Managing Director and Head of Debt Private Placements on March 17, 2026, launching a dedicated Debt Private Placements Group to expand private credit financing solutions for investment banking clients.
Nortman will be based in New York, report to Co-Heads of Investment Banking Rob Lowenthal and Gilbert Dychiao, and work with Fixed Income to execute private debt transactions.
Oppenheimer (NYSE: OPY) appointed Vien Le as Managing Director in its Public Finance Investment Banking Group, effective Feb. 25, 2026. Le will be based in Los Angeles and report to Beth Coolidge, Head of Public Finance.
Le brings 20+ years of municipal finance experience, will focus on California and support clients across the West, and previously served at Stern Brothers, UBS and other firms.
Oppenheimer Holdings (NYSE: OPY) reported record results for Q4 and full-year 2025. Q4 net income $74.4M ($7.08 basic EPS) vs $10.7M last year; Q4 revenue $472.6M (+25.9%). For FY-2025, net income $148.4M ($14.13 basic EPS) and revenue $1.64B (+14.4%).
Strength came from Wealth Management AUM record of $55.2B and a Capital Markets revenue surge driven by investment banking activity. The firm declared a $1.00 special dividend and repurchased shares during 2025.
Oppenheimer Holdings (NYSE: OPY) declared a special cash dividend of $1.00 per share on Class A non-voting and Class B voting common stock, payable January 9, 2026 to shareholders of record at the close of business on December 26, 2025.
The aggregate payment is expected to be approximately $10.5 million, and the company said the special dividend will be funded through its existing cash management activities. Management framed the dividend as recognition of improved operating results and financial position.