secwatch.observer — SEC 8-K summary
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Issuer:     OPPENHEIMER HOLDINGS INC (OPY)
CIK:        0000791963
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0000791963-23-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oppenheimer Q4 net income drops 64% YoY to $22.4M; full year EPS $2.77 vs $12.57
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- Net income $22.4M ($2.04 basic EPS) in Q4, down from $62.9M ($4.99) a year ago; revenue fell 14% to $313.6M.
- Full year net income $32.4M ($2.77 EPS) vs $159M ($12.57); revenue $1.1B, down 20% YoY.
- Capital Markets segment posted Q4 pre-tax loss of $11.3M vs $96.8M profit in prior year, hit by M&A slowdown.
- Private Client revenue rose 16% to $201.7M on record bank deposit sweep income of $49.6M.
- Repurchased 1.68M shares at avg $36.00 during year; declared $0.15 quarterly dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/791963/000079196323000002/0000791963-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/791963/000079196323000002/opy-20230127.htm
  HTML page:      https://secwatch.observer/filing/0000791963-23-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer