Oppenheimer Holdings Reports Strong Q3 2024 Financial Performance
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Oppenheimer Holdings Reports Strong Q3 2024 Financial Performance

Oppenheimer Holdings ( (OPY) ) has shared an update.

Oppenheimer Holdings Inc. reported a strong financial performance for the third quarter of 2024, with a significant increase in net income to $24.5 million and revenues reaching $373.4 million. The gains were primarily driven by a rise in advisory fees, increased transaction commissions, and improved investment banking and interest income. Despite higher compensation and technology-related expenses, the company achieved record levels of assets under administration and management. Oppenheimer continues to enhance its balance sheet, recently redeeming all outstanding Senior Secured Notes.

For detailed information about OPY stock, go to TipRanks’ Stock Analysis page.

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