Oppenheimer Holdings: Mid-Market Prevailing In Capital Markets, Solid All Around

Summary

  • Oppenheimer's earnings report show strength in mid-market capital markets franchise as well as solid growth in the rest of its AUM and commission based businesses.
  • Risk taking in public markets has driven the bulk of the company's performance, and capital markets did well despite the lack of major PE activity.
  • OPY looks attractive in terms of valuation, with forward multiples below 10x, making it cheaper compared to peers like Lazard, which trades at around 20x.
  • Looking for a helping hand in the market? Members of The Value Lab get exclusive ideas and guidance to navigate any climate. Learn More »

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Oppenheimer (NYSE:OPY) just reported earnings and markets seem to have liked what they've seen. Earnings have been coming in for a couple of advisory shops, and while there continues to be YoY

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