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Stock impact report

Oppenheimer Holdings: Public Markets Come Back, Driving ECM And Profits [Seeking Alpha]

Oppenheimer Holdings, Inc. Class A (DE) (OPY) 
US:NYSE Investor Relations: opco.com/investor-relations/index.aspx
Company Research Source: Seeking Alpha
Wealth management benefited from higher AUM and a favorable product mix. OPY trades at a significant valuation discount to a peer like Raymond James, with forward PE around 6.4x and annualized PE below 4x. Upside may be limited by corporate governance concerns and questions about the sustainability of current compensation expense levels as the business scales. Also, quite so much ECM activity may not be sustainable, and Q4 tends to be seasonally strong in capital markets, so don't count on a great sequential performance. Looking for a helping hand in the market? Members of The Value Lab get exclusive ideas and guidance to navigate any climate. Learn More » Dmitry Vinogradov/iStock Editorial via Getty Images Oppenheimer Holdings ( OPY ) had a good quarter driven by relatively fixed costs and therefore operating leverage across its segments. While wealth management did well on higher AUMs and greater market valuations, a big drive More on my IG service If you thought ou Show less Read more
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