2024-01-29 04:27:41 ET
Summary
- Oppenheimer Holdings' Hold rating from last year is reaffirmed, agreeing with the consensus from SA analysts.
- The benefits of holding this stock in our portfolio would be anticipated growth in M&A activity in 2024, growth in fee-based AUM, as well as financial sector overall bullishness.
- Risks to consider include net interest margin squeezes in a high-rate environment that appears to continue.
- Dividend yield, dividend growth levels, and forward revenue growth are well behind key peers in the investment banking space.
Quick Overview
Due to many reader requests, today's research note covers Oppenheimer Holdings ( OPY ) , a stock I last covered in November when I called it a hold , and since then it has gone up nearly 2%, and up over 4% since I called it a buyback in my April coverage .
The latest article will make use of our Investing Flow below which is based on waterfall methodology from the world of project management....
Read the full article on Seeking Alpha
For further details see:
Oppenheimer: Old Wall Street Firm To Benefit From M&A Growth And Sector Bullishness