Oppenheimer outperforms most banks after announcing share buyback plan

Oppenheimer Holdings

25/05/2022 17:53

** Shares of investment bank Oppenheimer Holdings Inc
 OPY.N  up 5.2% at $34.64
    ** Stock sees biggest intraday pct gain since June last year
    ** After market close on Tuesday, OPY said its board had
authorized buyback of up to 550,000 of its common shares
 urn:newsml:reuters.com:*:nPn2hW8Gsa
    ** Adding OPY's previous repurchase program, it now has
authority to buy back up to 621,893 of its shares, co adds
    ** U.S. bank stocks mixed on Wednesday, even as Wall
Street's main stock indexes shook off early weakness to trade
higher  .N 
    ** OPY shares have dropped 25.3% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))