Oppenheimer Holdings reports Q1 EPS $2.37 vs. $1.22 last year

Reports Q1 revenue $353.14M vs. $321.68M last year. Reports Q1 Book Value Per Share $77.47 vs. $72.27 last year. Albert G. Lowenthal, Chairman and CEO commented, “The Firm registered outstanding operating results for the Q1 of 2024, reflecting the solid performance of our investment banking franchise amidst an improving capital market and strong results from our Wealth Management business responding to the impact of rising equity markets. Our overall performance was favorably impacted by improving macroeconomic conditions, highlighted by the continued rise of the equity markets with the S&P 500 reaching record highs owing to positive economic data and expectations that the Federal Reserve will pivot to reducing rates in the second half of the year.”