secwatch.observer — SEC 8-K summary
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Issuer:     OPPENHEIMER HOLDINGS INC (OPY)
CIK:        0000791963
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0000791963-24-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oppenheimer reports Q2 net income $10.3M vs loss last year; dividend raised 20% to $0.18/share
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- Net income $10.3M ($0.99 basic EPS) vs net loss of $9.4M (-$0.85) in Q2 2023; revenue up 8% to $330.6M.
- Quarterly dividend increased 20% to $0.18/share, payable Aug 23 to holders of record Aug 9.
- Assets under management hit record $47.5B, up from $41.2B a year ago; book value per share also record $78.63.
- Private Client pre-tax income $55.5M (26.6% margin); Capital Markets pre-tax loss widened to $21.8M.
- Compensation ratio rose to 66.8% from 61.1% due to new hires and share-based comp; effective tax rate 35.3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/791963/000079196324000043/0000791963-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/791963/000079196324000043/opy-20240726.htm
  HTML page:      https://secwatch.observer/filing/0000791963-24-000043

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