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.

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.