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Oppenheimer Holdings Inc (OPY)

OPY on New York Consolidated

16.00USD
22 May 2017
Change (% chg)

$0.30 (+1.91%)
Prev Close
$15.70
Open
$15.70
Day's High
$16.00
Day's Low
$15.70
Volume
17,678
Avg. Vol
33,509
52-wk High
$19.65
52-wk Low
$13.65

Latest Key Developments (Source: Significant Developments)

Oppenheimer Holdings Inc announces share repurchase program
Friday, 5 May 2017 08:00am EDT 

May 5 (Reuters) - Oppenheimer Holdings Inc : :Oppenheimer Holdings Inc announces share repurchase program.Oppenheimer Holdings - approved share repurchase program that authorizes company to purchase up to 650,000 shares of class a non-voting common stock.  Full Article

Oppenheimer Holdings Q1 adjusted earnings per share $0.99
Friday, 28 Apr 2017 08:00am EDT 

April 28 (Reuters) - Oppenheimer Holdings Inc :Oppenheimer holdings inc. Reports first quarter 2017 earnings and announces quarterly dividend.Q1 loss per share $0.36.Q1 revenue $213.3 million versus $215 million.Says aum increased 8.9% to $25.8 billion at march 31, 2017 compared with $23.7 billion at march 31, 2016.  Full Article

Oppenheimer Holdings Inc reports fourth quarter earnings
Friday, 27 Jan 2017 08:00am EST 

Oppenheimer Holdings Inc : Oppenheimer Holdings Inc reports fourth quarter and full year 2016 earnings and announces quarterly dividend . Q4 loss per share $0.13 . Q4 revenue fell 2.8 percent to $218.9 million .Aseets under management increased 2.9% to $24.8 billion at December 31, 2016, compared with $24.1 billion at December 31, 2015.  Full Article

FINRA sanctions Oppenheimer & Co for reporting violations
Thursday, 17 Nov 2016 09:55am EST 

FINRA: FINRA sanctions Oppenheimer & Co $3.4 million for reporting violations, failing to comply with discovery obligations in arbitrations . FINRA found that over several years, Oppenheimer failed to timely report to FINRA over 350 required filings . FINRA announced that it has fined Oppenheimer & Co Inc $1.575 million and ordered the firm to pay $1.85 million to customers . Oppenheimer failed to timely disclose that its then anti-money-laundering Compliance Officer and another employee got wells notices from SEC . Also found that Oppenheimer failed to reasonably supervise the application of sales charge waivers to eligible mutual fund sales . Says found between 2010 and 2013, Oppenheimer failed to produce relevant documents during discovery to 7 arbitration claimants .In Thursday's action, ordering Oppenheimer to provide 7 claimants copies of respective documents not produced, payments totaling over $700,000.  Full Article

Oppenheimer Holdings says Q2 basic EPS of $0.39
Friday, 29 Jul 2016 08:00am EDT 

Oppenheimer Holdings Inc : Oppenheimer Holdings Inc reports second quarter 2016 earnings and announces quarterly dividend . Says qtrly basic earnings per share $0.39 . Volatility in debt and equity markets and low volumes significantly weighed on operating results for Q2 . Says advisory fees were $66.1 million for Q2 of 2016, a decrease of 8.5 pct compared with $72.2 million for Q2 of 2015 . Says investment banking revenue decreased 34.9 pct to $18.9 million for Q2 of 2016 compared with $29.0 million for Q2 of 2015 . Revenue from continuing operations for Q2 was $212.1 million versus. $228.0 million for Q2 of 2015 . Weak investor confidence and low levels of engagement continued to impact business conditions in Q2 of 2016 . S&P 500 increased 1.9 pct despite significant pullback in response to June 24 "Brexit" vote including rebound during final trading days of quarter . Commission revenue was $92.6 million for Q2 of 2016, a decrease of 10.6 pct compared with $103.6 million for Q2 of 2015 .Says AUM decreased 5.1 pct to $24.3 billion at June 30, 2016 compared to $25.6 billion at June 30, 2015.  Full Article

Oppenheimer Holdings Q2 earnings per share $0.39
Friday, 29 Jul 2016 08:00am EDT 

Oppenheimer Holdings Inc : Oppenheimer Holdings Inc. Reports second quarter 2016 earnings and announces quarterly dividend . Q2 revenue fell 7 percent to $212.1 million .Q2 earnings per share $0.39.  Full Article

Oppenheimer is fined by FINRA for selling unsuitable ETFs
Wednesday, 8 Jun 2016 09:00am EDT 

Oppenheimer Holdings Inc : Finra says Oppenheimer & co to pay nearly $3 million for unsuitable sales of non-traditional exchange-traded funds, other failures . Finra says it fines Oppenheimer Holdings Inc unit $2.25 million, orders restitution of more than $716,000 . Finra says Oppenheimer sold leveraged, inverse and inverse-leveraged etfs to retail customers without reasonable supervision . Finra says Oppenheimer recommended non-traditional etfs that were not suitable . Finra says the affected customers included an 89-year-old and a 91-year-old, among others . Finra says Oppenheimer neither admitted nor denied wrongdoing in agreeing to settle.  Full Article

Walker & Dunlop to buy $3.8 billion HUD servicing portfolio
Tuesday, 7 Jun 2016 06:30am EDT 

Walker & Dunlop Inc : Company will be using available capital to fund approximately $45 million purchase price . Acquired portfolio comprised of over 480 multifamily,healthcare loans insured by u.s. Department of housing, urban development . To purchase commercial mortgage servicing rights from oppenheimer multifamily housing & healthcare finance,unit of oppenheimer holdings .Walker & dunlop to acquire $3.8 billion hud servicing portfolio.  Full Article

Oppenheimer Holdings says unit to sell permanent mortgage loans portfolio
Monday, 6 Jun 2016 05:26pm EDT 

Oppenheimer Holdings Inc : On June 2, 2016, Oppenheimer Multifamily Housing & Healthcare Finance, unit, agreed to sell permanent mortgage loans portfolio .Unit to sell mortgage loan portfolio to Walker & Dunlop for cash consideration of approximately $45 million - SEC filing.  Full Article

Oppenheimer Holdings Inc announces quarterly dividend
Friday, 29 Jan 2016 08:01am EST 

Oppenheimer Holdings Inc:Announced a quarterly dividend in the amount of $0.11 per share.Payable on February 26, 2016 to holders of Class A non-voting and Class B voting common stock of record on February 12, 2016.  Full Article

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