Piper Sandler Companies (PIPR)
NYSEFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-11-04
$70.22+6.47%
Close 2026-11-04 · 1-day change
NYSEFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-11-04
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 | 2.0% |
| Our one-year growth estimate | diamond | 4.2% |
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 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
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 2.2 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 4 industry peers · Company calendar date is not available
PIPR — earnings miss
Dated 2026-10-30
Results of Operations and Financial Condition . On October 30, 2026, Piper Sandler Companies (the "Company") reported its financial results for its third fiscal quarter ended September 30, 2026. See the Company's press release dated October 30, 2026, which is furnished as Exhibit 99 hereto.
Why it matters: The financial sector is still growing, but its trend is easing. Growth below its median would add pressure to the sector backdrop.
Worry ifThe sector update reports revenue growth below its median.
Less concerning ifThe sector update reports revenue growth at or above its median.
Why it matters: The score fell 57.2 points after Q3 results. A further decline would confirm that the latest weak signals persist.
Worry ifThe next earnings refresh lowers the company momentum score below -29.3.
Less concerning ifThe next earnings refresh raises the score to -29.3 or higher.
Why it matters: Q3 pre-tax margin dropped to 15.0% from 22.4% a year earlier. Another weak quarter would show that earnings pressure remains.
Worry ifQ4 pre-tax margin is 15.0% or lower.
Less concerning ifQ4 pre-tax margin rises above 15.0%.
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.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$111 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 | $3,159 loss on $10,000 · 31.6% | 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.