Oppenheimer Holdings reports Q2 net loss of $3.9M vs profit of $31.2M a year ago

OPPENHEIMER HOLDINGS INC

2022-Q2 EPS reported $0.41 revenue$503,250,000

Revenue $237.2M, down 30.3% YoY; net loss per diluted share $(0.32) vs EPS of $2.28.
Capital Markets revenue down 51.8% to $71.3M; pre-tax loss of $17.9M vs profit of $39.4M.
Private Client pre-tax income $38.8M (26.9% margin) on revenue of $144.5M, down 13.4%.
Repurchased 885,230 Class A shares (7% of outstanding) at avg $34.13; declared $0.15 quarterly dividend payable Aug 26.

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