How did Oppenheimer Holdings' revenue and expenses trend in Q4 2024?

Oppenheimer Holdings' revenue and expenses in Q4 2024 showed a business-focused trend, with a significant portion of the revenue coming from the Wealth Management segment. Here's a detailed analysis: 1. **Revenue Trend**: The company's total revenue for Q4 2024 was $972.05 million. This was primarily driven by the Wealth Management segment, which generated $640.52 million in revenue. The Private Client and Capital Markets segments also contributed, with revenues of $447.58 million and $328.25 million, respectively. The Asset Management and Corporate/Other segments accounted for the remaining revenue. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |OPY|OPY.N|Oppenheimer Holdings|20240101-2024|Corporate/Other|1.2865E7|169| |OPY|OPY.N|Oppenheimer Holdings|20240101-2024|Corporate/Other|1.0289E7|169| |OPY|OPY.N|Oppenheimer Holdings|20240101-2024|Corporate/Other|7016000|169| |OPY|OPY.N|Oppenheimer Holdings|20240101-2024|Corporate/Other|3094000|169| |OPY|OPY.N|Oppenheimer Holdings|20240101-2024|Private Client|2.13033E8|169| |OPY|OPY.N|Oppenheimer Holdings|20240101-2024|Capital Markets|1.12083E8|169| |OPY|OPY.N|Oppenheimer Holdings|20240101-2024|Corporate/Other|3094000|169| |OPY|OPY.N|Oppenheimer Holdings|20240101-2024|Asset Management|2.4928E7|169| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |OPY|OPY.N|Oppenheimer Holdings|2024 Q1|77.98672566371681|2.5744E7|169| |OPY|OPY.N|Oppenheimer Holdings|2024 Q2|207.29515050167225|1.0266E7|169| |OPY|OPY.N|Oppenheimer Holdings|2024 Q3|77.86486682632993|2.4508E7|169| |OPY|OPY.N|Oppenheimer Holdings|2024 Q4|-7.476716109003105|1.0729E7|169| |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Selling, General, and Administrative Expenses YoY|Operating Expenses|market_code| |---|---|---|---|---|---|---|---| |OPY|OPY.N|Oppenheimer Holdings|20240331|2.21713E8|7.475326236596668||169| |OPY|OPY.N|Oppenheimer Holdings|20240630|2.20727E8|17.89460752894928||169| |OPY|OPY.N|Oppenheimer Holdings|20240930|2.37935E8|21.591443347437707||169| |OPY|OPY.N|Oppenheimer Holdings|20241231|2.56439E8|32.73514979606203||169| 2. **Expense Trend**: The company's Operating Expenses, including Selling, General, and Administrative (SG&A) expenses, were $256.44 million. This indicates a strong focus on managing operational costs while maintaining revenue growth. The General and Administrative Expenses were not separately disclosed, but they are included in the $256.44 million SG&A expenses. 3. **Net Income**: Oppenheimer Holdings reported a net income of $10.73 million for Q4 2024. This suggests that the company was profitable during the period, despite the competitive nature of the financial services industry. In conclusion, Oppenheimer Holdings demonstrated a robust revenue generation capacity in Q4 2024, with a clear emphasis on its Wealth Management and Private Client segments. The company's ability to manage expenses effectively contributed to its positive net income.