secwatch.observer — SEC 8-K summary
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Issuer:     OPPENHEIMER HOLDINGS INC (OPY)
CIK:        0000791963
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000791963-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oppenheimer Q2 net loss $9.4M on legal reserve; revenue up 29%
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- Net loss $9.4M ($0.85) vs loss $3.9M ($0.32) YoY; revenue $306.2M (+29.1%).
- Non-comp expenses surged 100% to $130.7M, driven by accrual of a significant legal reserve.
- Private Client revenue +39% to $201.2M; sweep income +197% and margin interest +116%.
- Capital Markets revenue +12% to $79.6M; advisory fees +32%, fixed income trading +37%.
- Repurchased 96,135 shares in Q2; Dutch auction tender for 437,183 shares at $40/share completed July.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/791963/000079196323000035/0000791963-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/791963/000079196323000035/opy-20230728.htm
  HTML page:      https://secwatch.observer/filing/0000791963-23-000035

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