Oppenheimer rises after authorizing share repurchase program

Oppenheimer Holdings

04/03/2024 15:05

** Shares of investment bank Oppenheimer Holdings  OPY.N 
rise 5.3% to $40.63 in morning trading
    ** Co announces board approval for share repurchase program,
which is expected to continue indefinitely
    ** OPY authorized to purchase up to 518,000 shares or 5% of
its currently issued and outstanding shares of Class A
non-voting common stock
    ** It comes in addition to 120,155 shares that remain
authorized and available under the company's previous share
repurchase program  
    ** Stock down 6.6% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))