NYSE$OPY
Oppenheimer Holdings Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported strong Q3 2020 earnings with increased revenue and net income.
Oppenheimer Holdings Inc. reported a significant increase in net income and revenue for Q3 2020, driven by strong performance in capital markets and solid returns in wealth management. Net income increased to $15.6 million, or $1.25 basic earnings per share, compared to $3.9 million, or $0.31 basic earnings per share, for Q3 2019. Revenue rose to $276.3 million from $234.8 million in the same period last year.
- Revenue increased by 17.7% due to higher underwriting revenue, M&A fees, and equities sales and trading activity.
- Capital Markets business outperformed with a record revenue quarter, driven by investment banking.
- Wealth Management business produced solid operating returns, benefiting from increased commission activity and higher fee income from assets under management.
- The Firm refinanced its long-term debt, leading to annual interest cost savings of $3.3 million.
Headline financials
Revenue & EPS history
Oppenheimer · Revenue · Quarterly
$276M
Revenue by segment
Oppenheimer · $114M total across 1 segment · Q3 2020
- Capital Markets$114M+78.4%100.0%
Forward guidance
The company anticipates that a large number of our employees will continue to work remotely for the indefinite future.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+0.7%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+5.3%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+20.3%
Q4 2020
Best reaction
-9.5%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.6% | -15.8% | -20.9% | |
| Q4 2025 | +10.8% | +19.1% | +13.2% | |
| Q3 2025 | +0.8% | +0.8% | -1.8% | |
| Q1 2025 | +1.7% | -0.2% | +8.8% | |
| Q4 2024 | -6.0% | -7.6% | -9.0% | |
| Q3 2024 | +18.8% | +18.3% | +25.7% | |
| Q2 2024 | -9.5% | -11.3% | -9.3% | |
| Q1 2024 | +6.0% | +4.1% | +16.5% | |
| Q4 2023 | -3.3% | -6.3% | -0.6% | |
| Q3 2023 | +2.1% | +5.6% | +20.8% | |
| Q2 2023 | -5.6% | -5.1% | -5.0% | |
| Q1 2023 | -1.1% | -1.9% | -2.8% | |
| Q4 2022 | -1.8% | -2.5% | -7.0% | |
| Q3 2022 | +9.8% | +13.6% | +30.9% | |
| Q2 2022 | -2.9% | -2.0% | -1.8% | |
| Q1 2022 | -2.2% | +1.3% | +6.3% | |
| Q4 2021 | +2.9% | +3.0% | +4.4% | |
| Q3 2021 | +1.7% | +4.7% | -1.0% | |
| Q2 2021 | +3.3% | +2.5% | +9.3% | |
| Q1 2021 | +6.8% | +5.9% | +5.2% | |
| Q4 2020 | +20.3% | +17.4% | +23.7% | |
| Q3 2020 | -5.3% | -2.8% | +13.5% | |
| Q2 2020 | +2.9% | +8.5% | +21.8% | |
| Q1 2020 | -6.1% | -11.4% | +2.9% | |
| Q4 2019 | +3.6% | +7.2% | -9.0% | |
| Q3 2019 | -1.9% | -0.1% | +0.0% | |
| Q2 2019 | +5.2% | +3.2% | -5.4% | |
| Q1 2019 | +6.6% | +5.7% | +4.3% | |
| Q4 2018 | +2.0% | -2.2% | +5.5% | |
| Q3 2018 | +4.1% | +8.2% | -0.6% | |
| Q2 2018 | +3.1% | +9.6% | +16.1% | |
| Q1 2018 | +0.9% | +1.7% | +9.2% | |
| Q4 2017 | +2.0% | -2.0% | -3.6% | |
| Q3 2017 | +11.8% | +17.2% | +47.3% | |
| Q2 2017 | -3.1% | -2.5% | +1.2% | |
| Q1 2017 | -2.6% | -6.3% | -10.3% | |
| Q4 2016 | -9.1% | -12.8% | -10.7% | |
| Q3 2016 | -5.7% | -6.4% | +15.5% | |
| Q2 2016 | +0.2% | -0.6% | +2.2% | |
| Q1 2016 | -1.1% | — | — | |
| Q4 2015 | +8.9% | — | — | |
| Q3 2015 | -4.9% | — | — | |
| Q2 2015 | -8.0% | — | — | |
| Q1 2015 | +1.0% | — | — | |
| Q4 2014 | +2.1% | — | — | |
| Q3 2014 | +6.0% | — | — | |
| Q2 2014 | -3.3% | — | — | |
| Q1 2014 | -2.6% | — | — | |
| Q4 2013 | -6.2% | — | — | |
| Q3 2013 | +3.3% | — | — | |
| Q2 2013 | -1.8% | — | — | |
| Q1 2013 | +1.2% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q2 2012 | +4.3% | — | — | |
| Q3 2012 | +8.0% | — | — | |
| Q4 2011 | +4.4% | — | — | |
| Q1 2012 | -4.0% | — | — | |
| Q1 2011 | -4.0% | — | — | |
| Q2 2011 | -1.5% | — | — | |
| Q4 2009 | -1.5% | — | — | |
| Q3 2011 | +1.3% | — | — | |
| Q3 2010 | +1.3% | — | — | |
| Q4 2010 | -9.1% | — | — | |
| Q2 2010 | -9.1% | — | — | |
| Q1 2010 | +1.5% | — | — |
Discussion
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