Oppenheimer Holdings (OPY) has released an update.
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Oppenheimer Holdings Inc. reports a robust first quarter in 2024 with net income soaring to $26.1 million, a 78.2% jump from the previous year, and earnings per share at $2.50. The firm’s revenue climbed 9.8% to $353.1 million, propelled by strong performance in investment banking and wealth management, as well as a rally in equity markets and record asset management levels. Amidst an improving financial landscape, the company’s strategic moves have strengthened its balance sheet, positioning it for future growth.
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