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Oppenheimer Holdings Inc. reports developments tied to its wealth management, securities brokerage, investment banking, and capital markets businesses conducted through Oppenheimer & Co. Inc. and related entities. Recurring updates include quarterly earnings, advisory and underwriting activity, sales and trading conditions, private client division changes, and asset management-related measures within the Wealth Management segment.
Company news also covers additions to investment banking and public finance capabilities, including equity capital markets, debt private placements, municipal underwriting and trading, and sector-focused advisory coverage. Governance, capital actions, and legal or compensation items that affect reported results may also appear in company disclosures.
Oppenheimer (NYSE: OPY) announced that former University of North Carolina basketball standout Joel Berry II has joined its Robinson Private Client Group in Winston-Salem, North Carolina as a Financial Advisor. The team, led by Tanner G. Robinson, advises high-net-worth clients, families, institutions and elite athletes.
According to Oppenheimer, the Robinson Private Client Group oversaw more than $6 billion in client assets as of June 30, 2026. Berry, who previously worked at Truist Financial and has extensive experience with professional and student-athletes, will focus on advising athletes, including those navigating the evolving Name, Image and Likeness (NIL) and revenue-sharing environment.
Oppenheimer (NYSE: OPY) announced two senior personnel moves in its Public Finance division, hiring Bruce Rideaux as Managing Director in Public Finance and promoting Lauren Carter to Head of Negotiated Underwriting, following the retirement of Beth Wolchock. The firm reported a No. 18 ranking in US municipal long-term competitive underwriting so far in 2026, up from No. 46 in 2025. Head of Public Finance Elizabeth (Beth) Coolidge was also elected to a four-year term on the MSRB Board of Directors beginning October 1, 2026, after leading an expansion that increased Oppenheimer’s senior-managed negotiated par by 200% compared with full-year 2023.
Oppenheimer Holdings (NYSE: OPY) hosted its fifth annual Next-Gen Peer-to-Peer Forum in New York City, bringing together approximately 60 Financial Advisors from across the U.S. who collectively represent about $7.2 billion in assets under management and $41 million in annual revenue.
Held at One World Trade Center, the forum focused on developing emerging advisor leaders, with discussions on building scalable practices, effective teams, the use of artificial intelligence and other technologies, differentiating investment advice, and serving future generations of clients. According to Oppenheimer, the event is part of a broader, long-term investment in advisor development and the firm’s future leadership.
Oppenheimer Holdings (NYSE: OPY) reported second quarter 2026 net income of $27.4 million and basic EPS of $2.55, up from $21.7 million and $2.06 a year earlier. Revenue rose 21.9% to $454.9 million. Adjusted net income (non-GAAP), excluding stock appreciation rights expense, was $45.7 million, or $4.27 adjusted basic EPS, versus $27.8 million and $2.64 in 2Q 2025.
Year-to-date 2026 revenue reached $900.0 million, but GAAP net income fell to $6.8 million from $52.3 million, reflecting higher compensation costs and a $70 million pre-tax legal accrual recorded in the first quarter. Wealth Management revenue grew 10.7% to $272.7 million with record AUM of $59.4 billion, while Capital Markets revenue increased 45.7% to $179.2 million, turning a prior-year pre-tax loss into $22.5 million of pre-tax income. Firm-wide compensation expenses rose 28.5%, lifting the compensation ratio to 67.5%. The board declared a quarterly dividend of $0.20 per share, payable August 28, 2026.
Oppenheimer Holdings (NYSE: OPY) is expanding its Institutional Derivatives business by adding seven senior professionals from Guggenheim Securities across derivatives strategy, sales, trading and technology. New team members include Ed Boll as Head of Derivatives Strategy, plus specialists in sales, trading and algo technology.
The hires bring institutional relationships with hedge funds and asset managers and expertise in areas such as convertible and capital-structure strategies, volatility and credit arbitrage, biotech and healthcare derivatives, AI infrastructure, high-performance computing and crypto-related equities. According to Oppenheimer, the enlarged team will collaborate closely with its Convertible Bonds, High Yield, cash equities and prime services units to support the full institutional derivatives lifecycle from idea generation through structuring, execution and technology.
Oppenheimer Holdings (NYSE: OPY) reported a 1Q-2026 net loss of $20.6M or $(1.93) per share on $445.1M revenue, up 21.0% year-over-year. Results included a $70M pre-tax legal accrual for settlement and a $22.3M pre-tax mark-to-market stock‑based compensation charge.
Adjusted net income was $47.5M ($4.46 per share). Assets under management were $54.1B, and the Board raised the quarterly dividend 11.1% to $0.20 per share.
Oppenheimer Holdings (NYSE:OPY) agreed to settle a class-action suit over its 2022–2026 cash sweep program by executing a binding term sheet to pay $70 million into escrow, subject to District Court preliminary and final approval.
The settlement, expected to be funded within ten business days after preliminary approval (which the company expects may take up to 90 days), will cover claims through final approval and is without admission of liability. The company said the reserve for the settlement will significantly impact Q1 2026 earnings reported next week, and the amount is expected to be fully tax deductible. The parties will file for preliminary approval within 60 days of the term sheet.
Oppenheimer (NYSE: OPY) elevated David Fleming to a New York-based leadership role in its Private Client Division, reporting to Ed Harrington, and named Ron Guidi branch manager in San Francisco, effective April 9, 2026. Wealth Management reported >$1 billion revenue in 2025, AUM $55.2 billion, and AUA $143.3 billion as of December 31, 2025. Fleming previously grew the San Francisco branch revenue by 36%, assets by 34%, and added seven advisors since joining in 2022.
Oppenheimer (NYSE: OPY) named Bill Farmer Managing Director and Head of Aerospace & Defense Technology Investment Banking, effective April 8, 2026. Farmer will be based in Baltimore and report to Robin Graham, leading M&A and coordinating equity and debt capital markets for aerospace, defense and government services.
He brings over 25 years of experience and more than 100 completed transactions, joining from Brown Gibbons Lang with prior roles at Stifel, Jefferies and Lazard.
Oppenheimer (NYSE: OPY) on March 31, 2026 announced three managing director hires to expand its municipal capital markets platform. The additions — Matt Davis, Lauren Carter, and Brendan Shanahan — bolster underwriting, sales and trading across competitive and negotiated municipal transactions.
The hires aim to strengthen Public Finance capabilities amid rising infrastructure demand and withdrawals by other market participants, supporting issuers and institutional and individual investors.