Oppenheimer Holdings (OPY) reported net income of $10.3 million or $0.92 per share for the second quarter of 2024, compared with a net loss of $9.4 million or $0.85 per share, a year ago. Revenue was $330.6 million, an increase of 8.0%, compared to revenue of $306.2 million.
The company said the increased revenue for the second quarter of 2024 was primarily driven by significantly higher advisory fees attributable to a rise in billable assets under management as well as improved investment banking and interest revenues.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.