Overview
Investment bank's Q4 revenue grew 39%, beating analyst expectations
Net income for Q4 rose 65% yr/yr, driven by strong advisory services
Company declared $5 special dividend and announced 4-for-1 stock split
Outlook
Piper Sandler did not provide specific financial guidance for 2026
Result Drivers
ADVISORY SERVICES - Record Q4 advisory services revenues led by financial services and services & industrials teams
CORPORATE INVESTMENT BANKING - Corporate investment banking revenues increased 28% over 2024, driven by record advisory services revenues
INSTITUTIONAL BROKERAGE - Record equity brokerage revenues and strong municipal financing activity contributed to Q4 results
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$666 mln
$520.99 mln (4 Analysts)
Q4 EPS
$6.40
Q4 Net Income
$114 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy."
Wall Street's median 12-month price target for Piper Sandler Companies is $396.00, about 19.4% above its February 5 closing price of $331.63
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
