earnings
confidence high
sentiment positive
materiality 0.75
Oppenheimer Q3 net income $24.5M ($2.38 EPS) up 77% YoY; revenue $373.4M +19.4%; AUM record $49.1B
OPPENHEIMER HOLDINGS INC
2024-Q3 EPS reported
$5.45
revenue$1,057,079,000
- Net income $24.5M ($2.38 basic EPS) vs $13.9M ($1.32) YoY; revenue $373.4M up 19.4% from $312.7M.
- Private Client revenue $218.8M (+13.2%); AUM record $49.1B, AUA $129.8B; financial advisors 928.
- Capital Markets revenue $124.0M (+31.1%) led by advisory fees up 82.2%; pre-tax loss narrowed to $6.1M.
- Redeemed all $113.05M senior secured notes on Oct 10; declared $0.18/share dividend payable Nov 22.
- Book value per share record $81.10; tangible book value $64.03; total equity $837.8M.