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Stock impact report

Oppenheimer Holdings Inc. Reports First Quarter 2020 Earnings and Announces Quarterly Dividend

Oppenheimer Holdings, Inc. Class A (DE) (OPY) 
US:NYSE Investor Relations: opco.com/investor-relations/index.aspx
Company Research Source: PR Newswire
NEW YORK, May 1, 2020 /PRNewswire/ - Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company") today reported net income of $7.8 million or $0.61 basic net income per share for the first quarter of 2020 compared with net income of $11.2 million or $0.86 basic net income per share for the first quarter of 2019. Revenue for the first quarter of 2020 was $234.8 million compared to revenue of $251.8 million for the first quarter of 2019, a decrease of 6.8%.Summary Operating Results (Unaudited)  ('000s, except per share amounts)For the Three Months EndedMarch 31,20202019% ChangeRevenue  $234,770$251,770(6.8)Expenses224,547235,718(4.7)Income Before Income Taxes10,22316,052(36.3)Income Taxes2,4054,858(50.5)Net Income$7,818$11,194(30.2)Net Income Per ShareBasic$ Show less Read more
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