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Oppenheimer Holdings, Inc. - OPY STOCK NEWS

Welcome to our dedicated page for Oppenheimer Holdings news (Ticker: OPY), a resource for investors and traders seeking the latest updates and insights on Oppenheimer Holdings stock.

Oppenheimer Holdings, Inc. (NYSE: OPY) is a premier investment bank and full-service broker-dealer dedicated to providing comprehensive financial solutions. With over 3,500 investment professionals strategically located across North America, the U.K., Israel, and Asia, Oppenheimer stands as a global leader in the financial sector.

The company operates through three primary segments: Private Client, Asset Management, and Capital Markets. The Private Client segment offers an array of services such as securities brokerage, advisory services, and wealth management, targeting high-net-worth individuals and families. It boasts approximately 1,400 financial advisors across more than 90 branches in the United States, making it one of the largest independent investment banks based on the number of registered representatives.

In the Asset Management segment, Oppenheimer provides investment advisory services, leveraging its expertise to manage assets on behalf of institutional investors, corporations, and private clients. The Capital Markets segment engages in institutional sales and trading, investment banking, market-making, and research, catering to corporate, governmental, and institutional clients globally.

Recent achievements include the significant expansion of its Cash Equity Sales & Trading desk, highlighted by the addition of a Program Trading team from Credit Suisse led by industry veterans Christopher Johnson and Matthew H. Friedman. In addition, Oppenheimer reported a notable increase in net income of 206.7% in Q3 2023, reflecting strong performance across its business units amidst a resilient economy and stable inflation.

The company continues to strengthen its commitment to public finance, highlighted by the recruitment of Elizabeth Coolidge as Head of Public Finance. This move, along with the appointment of other key professionals, underscores Oppenheimer's dedication to enhancing its municipal finance capabilities.

Oppenheimer is committed to delivering top-quality advice and execution, supported by a robust balance sheet and strategic capital investments. The firm remains well-positioned to capitalize on market opportunities, providing exceptional service and value to its clients.

News

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

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Oppenheimer & Co. Inc. appoints Frank Sanchez Reed as Head of the Southwest Region in the Public Finance team, continuing its expansion efforts. Reed brings over 28 years of experience and will focus on large issuer coverage and strategy, particularly in California. His addition follows recent strategic hires in the public finance sector, showcasing Oppenheimer's commitment to growth and excellence in client service.
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Oppenheimer Holdings Inc. Announces Share Repurchase Program

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Oppenheimer Holdings Inc. (OPY) announced a share repurchase program authorizing the purchase of up to 518,000 shares of the Company's Class A non-voting common stock, supplementing the existing program. The initiative represents approximately 5% of the currently issued shares and is expected to continue indefinitely. The purchases will be made in the open market using cash on hand, following applicable regulations. Oppenheimer Holdings Inc. is a well-established middle market investment bank and broker-dealer offering a diverse range of financial services.
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Oppenheimer & Co. Inc. Announces 34th Annual Healthcare Life Sciences Conference

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Oppenheimer & Co. Inc. announces its 34th Annual Healthcare Life Sciences Conference, bringing together over 140 leading companies and investors in the healthcare and life sciences sectors. The virtual event showcases breakthroughs and opportunities in the industry, with Oppenheimer's expertise in healthcare research and investment banking.
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Oppenheimer Further Expands Public Finance Banking Team with Appointments of Kristin Stephens and David Moffett

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Oppenheimer & Co. Inc. announced the appointment of Kristin Stephens and David Moffett as Managing Directors to head the Northeast and Southeast regions. The new hires bring over 20 years of experience in public finance and municipal capital markets. The recent recruitment of Stephens, Moffett, and other colleagues aims to strengthen Oppenheimer's Public Finance team, which currently includes approximately 25 professionals. The company's expansion in the public finance space is a strategic move following the 2020 acquisition of San Francisco-based Brandis Tallman.
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Oppenheimer Holdings Inc. Reports Fourth Quarter and Full Year 2023 Earnings

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Oppenheimer Holdings Inc. reported net income of $11.1 million for Q4 2023, a decrease from $22.4 million in Q4 2022. Adjusted net income was $16.1 million, excluding $5.0 million of expense related to a regulatory settlement. Revenue for Q4 2023 was $308.3 million, a 1.7% decrease from Q4 2022. For the full year 2023, net income was $30.2 million compared to $32.4 million in 2022. Adjusted net income was $43.2 million, excluding $13.0 million of expense related to a regulatory settlement. Revenue for the full year 2023 was $1.2 billion, an increase of 12.4% from 2022.
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Oppenheimer Names Elizabeth Coolidge Head of Public Finance

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Oppenheimer & Co. Inc. has named Elizabeth Coolidge as Head of Public Finance, bolstering its team with the addition of Chicago-based colleagues Liberty Ziegahn and Madison Maher. This move reflects the firm's commitment to the public finance space, aiming to adapt to evolving issuer needs and strengthen its position as a leader in the municipal finance business.
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Oppenheimer Appoints Richard Jasen As Head of Technology & Consumer Private Capital

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Oppenheimer & Co. Inc. (NYSE: OPY) announced the appointment of Richard Jasen as Head of Technology & Consumer Private Capital. With a vast experience of approximately 100 transactions representing over $7 billion in value, Jasen will be based out of Oppenheimer's San Francisco office and report to Robin Graham, Managing Director, Head of Technology Investment Banking.
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New Nashville Office Expands with Recruitment of Jon Sanders

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Oppenheimer & Co. Inc. announces the recruitment of next-generation financial advisor Jon Sanders to their Private Client Division in Nashville. Sanders has over eight years of wealth management experience and will report to Phil Hall, Executive Director and Branch Manager. This recruitment highlights Oppenheimer's commitment to the Nashville region and their ongoing push to have a presence in one of the country's fastest-growing markets.
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Oppenheimer Holdings Inc. Reports Third Quarter 2023 Earnings

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Oppenheimer Holdings Inc. reports net income of $13.9 million for Q3 2023, a 206.7% increase compared to Q3 2022. Revenue increased by 6.3% to $312.7 million. Wealth Management business benefits from higher interest rates and increased market volumes. Capital Markets business generates strong results. Company completes share repurchase program.
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Oppenheimer & Co. Inc. Hires William Bird As Head of Thematic Research

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Oppenheimer & Co. Inc. hires William Bird as Head of Thematic Research
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FAQ

What is the current stock price of Oppenheimer Holdings (OPY)?

The current stock price of Oppenheimer Holdings (OPY) is $59.93 as of November 15, 2024.

What is the market cap of Oppenheimer Holdings (OPY)?

The market cap of Oppenheimer Holdings (OPY) is approximately 616.2M.

What services does Oppenheimer Holdings, Inc. provide?

Oppenheimer offers wealth management, investment banking, and asset management services, catering to high-net-worth individuals, corporations, and institutional investors.

Where is Oppenheimer Holdings, Inc. headquartered?

Oppenheimer is headquartered in New York, United States.

How many financial advisors does Oppenheimer have?

Oppenheimer has around 1,400 financial advisors across more than 90 branches in the United States.

What are the recent achievements of Oppenheimer Holdings, Inc.?

Recent achievements include the expansion of the Cash Equity Sales & Trading desk and a significant increase in net income by 206.7% in Q3 2023.

What are the main segments of Oppenheimer's business?

Oppenheimer operates through three main segments: Private Client, Asset Management, and Capital Markets.

Who are the new key hires in Oppenheimer's Public Finance team?

Elizabeth Coolidge was named Head of Public Finance, joined by Liberty Ziegahn and Madison Maher, enhancing the firm's municipal finance capabilities.

What is Oppenheimer’s presence in the global market?

Oppenheimer operates in North America, the U.K., Israel, and Asia, providing global financial services.

How does Oppenheimer support its high-net-worth clients?

Oppenheimer provides tailored wealth management and advisory services to high-net-worth individuals and families.

What is the significance of Oppenheimer's Cash Equity Sales & Trading desk expansion?

The expansion enhances Oppenheimer's capabilities in liquidity and service, especially with the addition of experienced professionals from Credit Suisse.

How did Oppenheimer perform financially in Q3 2023?

Oppenheimer reported a 206.7% increase in net income for Q3 2023, achieving $13.9 million compared to $4.5 million in Q3 2022.

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Oppenheimer Holdings, Inc.

NYSE:OPY

OPY Rankings

#2927 Ranked by Market Cap
#1715 Ranked by Dividends

OPY Stock Data

616.16M
10.23M
42.9%
35.02%
1.17%
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