secwatch.observer — SEC 8-K summary
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Issuer:     OPPENHEIMER HOLDINGS INC (OPY)
CIK:        0000791963
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0000791963-22-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oppenheimer Q3 net income drops 83% to $4.5M, EPS $0.40, on adverse arbitration and market headwinds
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- Revenue $294.1M, down 6.7% YoY; net income $4.5M vs $26.3M; EPS $0.40 vs $2.07.
- Adverse arbitration decision in September drove non-comp expense up; decision has been appealed.
- Private Client revenue up 11% to $178.6M on $35.8M bank deposit sweep income (up 815% YoY); pre-tax income $30M.
- Capital Markets revenue fell 29.3% to $90.9M; advisory fees down 43.5%, equity underwriting down 80.8%.
- Company repurchased 413,052 shares at avg $33.86; declared $0.15/sh dividend payable Nov 25 to holders of record Nov 11.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/791963/000079196322000067/0000791963-22-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/791963/000079196322000067/opy-20221028.htm
  HTML page:      https://secwatch.observer/filing/0000791963-22-000067

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