Oppenheimer Holdings (OPY) has released an update.
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Oppenheimer Holdings Inc. reported a significant increase in net income and revenue for the third quarter of 2024, driven by strong operating results and favorable conditions in the equity markets. The company’s wealth management and investment banking divisions benefited from increased trading volumes and advisory fees, while its strategic financial moves bolstered its balance sheet. Oppenheimer remains optimistic about capital expansion as economic indicators suggest a positive outlook for the U.S. economy.
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