Oppenheimer Holdings Reports Q4 Earnings: $10.7 Million Net Income
NEW YORK, NY - Oppenheimer Holdings Inc. (OPY) announced a net income of $10.7 million for the fourth quarter of fiscal 2023, reported on Friday. Based in New York, the company recorded earnings per share of 92 cents.
Oppenheimer, which provides investment banking and broker-dealer services, generated revenue of $375.4 million during the quarter, exceeding analyst expectations. Revenue net of interest expense also reached $375.4 million.
For the fiscal year, Oppenheimer reported a profit of $71.6 million, translating to $6.37 per share. Total revenue for the year amounted to $1.43 billion.