Oppenheimer Holdings Inc. Reports Net Loss of $9.4 Million for Q2 2023
Revenue Increases to $306.2 Million, Showing Strong Growth
By USInMinutes
Published - Jul 28, 2023, 08:38 AM ET
Last Updated - Jul 28, 2023, 08:38 AM EDT
Oppenheimer Holdings Inc.(OPY), a leading financial services f irm, has released its Condensed Consolidated Income Statements for the second quarter ended June 30, 2023. The report highlights the company's financial performance during the three and six months of 2023, comparing it to the corresponding periods of the previous year, 2022.
Net Income/Loss
During the second quarter of 2023, Oppenheimer Holdings Inc. reported a net loss of $9.4 million. This marked a significant increase of 142.6% compared to the same period in 2022 when the company reported a net loss of $3.9 million. The rise in net loss reflects challenges faced by the firm in the current market conditions.
