Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest announcement is out from Oppenheimer Holdings ( (OPY) ).
Oppenheimer Holdings Inc. reported a net income of $10.7 million for the fourth quarter of 2024, slightly down from the previous year, due to increased compensation expenses linked to rising share prices. However, the company’s overall performance for the year was strong, with record revenues of $1.4 billion, driven by higher advisory fees and investment banking activities. The firm restructured its business segments, combining Private Client and Asset Management into Wealth Management, which benefited significantly from market gains and elevated trading volumes. Despite higher compensation costs, Oppenheimer finished the year with record stockholders’ equity and book value per share.
More about Oppenheimer Holdings
Oppenheimer Holdings Inc. operates in the financial services industry, focusing on wealth management, investment banking, and capital markets. The firm offers a range of services including asset management, advisory services, and transaction-based commissions, with a market focus on growing assets under management and enhancing investment banking activities.
YTD Price Performance: 11.95%
Average Trading Volume: 29,052
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $742M
For an in-depth examination of OPY stock, go to TipRanks’ Stock Analysis page.
