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. (NYSE: OPY) is a middle market investment bank and full service broker-dealer active in the investment banking and securities industry. Through its subsidiaries, including Oppenheimer & Co. Inc., the firm reports news on retail securities brokerage, institutional sales and trading, investment banking, equity and fixed income research, market-making, trust services, and investment advisory and asset management services.
The OPY news flow frequently includes quarterly earnings releases detailing segment results for Wealth Management and Capital Markets, trends in assets under management, and commentary from management on market conditions. Investors can follow updates on advisory and underwriting activity, equities and fixed income trading volumes, and changes in revenue components such as commissions, advisory fees, and bank deposit sweep income.
Company announcements also highlight capital actions and corporate events, such as the declaration of quarterly and special cash dividends on Class A non-voting and Class B voting common stock, as reported in press releases and related Form 8-K filings. In addition, Oppenheimer regularly reports on senior hires and team expansions across its platform, including appointments in Healthcare Equity Capital Markets, biotech research, public finance investment banking, cash equity sales and trading, and regional wealth management leadership.
Other OPY news items describe the evolution of the firm’s Custody and Prime Services (CAPS) platform and the expansion of its global credit and high yield and distressed businesses in the U.S., Europe, and Asia. For readers tracking OPY, this news page offers a centralized view of earnings updates, strategic hires, platform developments, and capital-related announcements drawn from company press releases and disclosures.
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.
Oppenheimer Holdings reported strong Q3 2024 results with net income of $24.5 million ($2.38 basic EPS), up from $13.9 million ($1.32 basic EPS) in Q3 2023. Revenue increased 19.4% to $373.4 million. The company saw improvements across segments, with Private Client revenue up 13.2% to $218.8 million, Asset Management revenue up 30.9% to $27.3 million, and Capital Markets revenue up 31.1% to $124.0 million. Assets under management reached a record $49.1 billion. The company announced the redemption of all outstanding Senior Secured Notes ($113.05 million) on October 10, 2024.
Oppenheimer & Co. Inc., a subsidiary of Oppenheimer Holdings (NYSE: OPY), has announced the appointment of Christian Baetz as Managing Director in their Consumer Investment Banking Group. Baetz, who brings over 15 years of investment banking experience, will be based in New York and report to Michael Cella, Managing Director and Group Head of U.S. Consumer Investment Banking.
Baetz's focus will be on partnering with growth-oriented companies in Consumer Services and Retail. His expertise includes middle market M&A, having worked with numerous companies in the Consumer and Retail sectors. Prior to joining Oppenheimer, Baetz served as a Director in the Mergers & Acquisitions group at Bank of America and has also worked at UBS Investment Bank and The Royal Bank of Scotland.
This strategic hire demonstrates Oppenheimer's commitment to enhancing its investment banking capabilities across sectors and regions, particularly in the Consumer sector.
Oppenheimer & Co. Inc., a subsidiary of Oppenheimer Holdings (NYSE: OPY), has appointed Todd Wiggins as the Regional Director of its Dallas-Fort Worth Region. Wiggins, who joined Oppenheimer in 2016, brings nearly 30 years of wealth management experience to the role. He succeeds Brian Sayers, who will continue as a Financial Advisor after opening Oppenheimer's Dallas office in 1999.
Ed Harrington, Executive Vice President of the Private Client Division, praised Wiggins for his advisor-centric mindset and success in recruiting and developing top financial advisor talent. Wiggins expressed enthusiasm for leading the region and appreciation for the firm's ability to attract and retain elite advisors.
Oppenheimer & Co. Inc. provides wealth management, securities brokerage, and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses, and institutions.
Oppenheimer & Co. Inc., a subsidiary of Oppenheimer Holdings (NYSE: OPY), has expanded its presence in Tennessee by opening a new office in Memphis. This move follows the successful establishment of their Nashville office in 2022. The firm has recruited Alan Richmond as Executive Director – Investments and Clayton Ellis as Director – Investments for the Memphis office. Both professionals bring extensive experience in financial services and will report to Phil Hall, who leads Oppenheimer's growth initiatives in Tennessee.
The expansion into Memphis reflects Oppenheimer's commitment to providing comprehensive wealth management services and building a strong presence in Tennessee's financial services community. The firm aims to offer tailored solutions to meet the diverse needs of its clients in the region.