Oppenheimer Holdings Inc (OPY) News & EventsOPYOppenheimer Holdings Inc

Company Reports Q2 Revenue of $454.9M

Reports Q2 revenue 454.9M vs. $373.3M last year. Robert S. Lowenthal, President and CEO commented, "Favorable market conditions during the Q2 helped drive the strong operating performance of our core businesses, although reported results were significantly and negatively impacted by the higher compensation expense related to stock appreciation rights for financial advisors. Equity markets registered their best quarterly performance in six years, supported by strong corporate earnings, sustained momentum in A.I. and improving sentiment around potential de-escalation in the Middle East. While renewed concerns around interest rates and A.I. valuations emerged toward quarter-end, markets largely absorbed these pressures and remained resilient. Overall, our business performed solidly during the second quarter and first half of the year. For the six months ended June 30, 2026, we reported adjusted net income of $93.2M, or $8.73 adjusted basic EPS, reflecting the continued momentum across our Wealth Management and Capital Markets businesses."

Oppenheimer Q2 Tangible Book Value Per Share Reaches $75.19

Oppenheimer reports Q2 Tangible book value per share $75.19 vs. $68.25 YoY

Company Reports Q1 Revenue of $445.1M

Reports Q1 revenue $445.1M vs. $367.8M last year. CEO Robert Lowenthal commented, "Notwithstanding the unfavorable impact of the "cash sweep" settlement on the company's overall results for Q1, the Firm's core businesses delivered solid operating results. Despite an increasingly challenging geopolitical environment, the strength of our franchise proved its ability to support clients across all business environments. The ongoing conflict with Iran disrupted global energy flows and intensified inflationary pressure on oil and gas prices, which in turn weighed negatively on the financial markets during March. As a result of the conflict, equity markets exhibited significant volatility with indices now hovering at or near their all-time highs...Although AUM eased from last quarter's all-time highs, they remained meaningfully above prior year levels, supporting continued strength in our asset-based advisory fees...Our capital position remains robust, enabling us to return additional value to stockholders as highlighted by our announced 11.1% increase in the quarterly dividend to $0.20 per share. Looking ahead, we remain focused on supporting our clients across the enterprise as they continue to navigate uncertain markets."