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