An update from Oppenheimer Holdings ( (OPY) ) is now available.
On February 27, 2025, Oppenheimer Holdings Inc. announced a significant leadership transition, with Albert G. Lowenthal stepping down as CEO, effective May 5, 2025, while continuing as Chairman and Executive Chairman of Opco. Robert S. Lowenthal, currently President and Head of Investment Banking, will succeed him as CEO and President. This transition marks a new phase for the company, which has seen substantial growth under Albert Lowenthal’s leadership, expanding from a $5 million revenue firm in 1985 to a global entity with $1.4 billion in revenue in 2024. The change is expected to continue the company’s trajectory of growth and innovation, leveraging Robert Lowenthal’s extensive experience in investment banking and strategic leadership.
More about Oppenheimer Holdings
Oppenheimer Holdings Inc. is a prominent middle market investment bank and full-service broker-dealer engaged in various financial services, including 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. Founded in 1881, the company is headquartered in New York and operates 90 locations across the United States, with institutional businesses in London, Tel Aviv, and Hong Kong.
YTD Price Performance: 2.66%
Average Trading Volume: 26,885
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $671.3M
For detailed information about OPY stock, go to TipRanks’ Stock Analysis page.