Piper Sandler Companies (PIPR)
NYSEFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-09-04
$77.04-0.91%
Close 2026-09-04 · 1-day change
NYSEFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · PIPR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 2.7% |
| Our one-year growth estimate | diamond | 8.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 5.5 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 4 industry peers · Company calendar date is not available
PIPR — CEO transition
Dated 2026-02-04
Director — Stuart M. Essig: Mr. Essig was elected as a director of the Company, increasing the Board size from nine to ten directors.
Why it matters: Updates on capital returns show care for shareholders. This shows what management values.
Supportive ifIn Q3, they announced higher dividends or more share buybacks.
Worry ifNo increase in dividends or share repurchases announced in Q3.
Why it matters: Stabilizing net income is important after the recent earnings miss. It shows recovery.
Watch forNet income for Q2 2026 is above $70 million.
Also watch forNet income for Q2 2026 falls below $60 million.
Why it matters: EPS growth is important. A drop may show less profit.
Worry ifAdjusted EPS below $1.00 in Q3.
Less concerning ifAdjusted EPS remains above $1.00 in Q3.
Why it matters: Earnings results will show if Piper Sandler can improve EPS growth after a recent miss.
Watch forQ2 EPS growth exceeds management's prior guidance and shows improvement from Q1.
Also watch forQ2 EPS growth remains below prior guidance and continues the trend from Q1.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$112 on $10,000 · ±1.1% | How much price usually moves either way. |
| Bad day | $370 loss on $10,000 · 3.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,456 loss on $10,000 · 24.6% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Corporate financing revenues are important. Changes may show shifts in the market.
Watch forCorporate financing revenues in Q2 are over $80 million. This shows strong market activity.
Also watch forCorporate financing revenues in Q2 are below $60 million. This shows weaker market conditions.
Why it matters: Investment banking revenue is crucial for Piper Sandler. A decline could indicate market challenges.
Worry ifInvestment banking revenue in Q2 decreases more than 10% compared to Q1.
Less concerning ifInvestment banking revenue in Q2 is higher than in Q1.
Why it matters: Sector performance impacts Piper Sandler's business. Changes can affect revenue and growth.
Watch forSector growth rate improves to above 15% for the financials sector.
Also watch forSector growth rate drops below 10% for the financials sector.
Why it matters: Litigation costs can hurt earnings. Tracking these costs helps us see profits.
Worry ifLitigation expenses in Q2 are under $5 million. This shows better cost management.
Less concerning ifLitigation costs in Q2 are more than $10 million. This hurts earnings.
Why it matters: Net revenue growth reflects overall business health. A decline could signal issues.
Worry ifNet revenues below $490 million in Q3.
Less concerning ifNet revenues above $490 million in Q3.
Why it matters: An earnings miss would confirm worries about revenue growth and profits. It could affect how investors feel.
Worry ifQ2 earnings report shows net income below $65 million, confirming the earnings miss.
Less concerning ifQ2 earnings report shows net income over $65 million. This means better performance than expected.
Why it matters: Maintaining EPS growth is crucial for investor confidence. A stable EPS signals effective cost management and revenue growth.
Supportive ifAdjusted EPS for Q2 is over $1.00. This shows progress in keeping earnings growth.
Worry ifAdjusted EPS for Q2 falls below $1.00, showing challenges in maintaining earnings growth.
Why it matters: Advisory services matter a lot for Piper Sandler. Strong growth shows demand and a good plan.
Supportive ifAdvisory services revenue grows year over year by more than 30%.
Worry ifAdvisory services revenue grows year over year by less than 10%.
Why it matters: Keeping EPS growth is important for investor trust. It also shows the company's financial health.
Supportive ifAdjusted EPS increases year over year by more than 20%.
Worry ifAdjusted EPS increases year over year by less than 5%.
Why it matters: Sector trends impact Piper Sandler's performance. A slowdown could signal challenges ahead.
Worry ifSector revenue growth drops below 10% year over year.
Less concerning ifSector revenue growth remains above 15% year over year.