Oppenheimer Holdings (OPY) has released an update.
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Oppenheimer Holdings Inc. has bounced back from a net loss in Q2 2023 to report a net income of $10.3 million in Q2 2024, with a notable revenue increase to $330.6 million. This performance was boosted by strong equity markets, which led to record levels of assets under management (AUM) and administration, higher advisory fees, and a solid rise in investment banking and interest revenues. Despite some operational challenges, the firm ended the quarter with a strong balance sheet and record book value per share.
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