Market cap
$5.3bn
Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.
Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.
Our strong equity brokerage performance in the second quarter of 2026 was driven by increased trading volumes, including the unique convergence of benchmark rebalancing events in June. Our municipal financing results improved in the second quarter of 2026 driven by the strength of our specialty sector business and the resiliency of our governmental business. In the second quarter of 2026, investment banking revenues increased 28.7 percent to $361.5 million, compared with $281.0 million in the prior-year period. …PIPER SANDLER COMPANIES, 10-Q, period ended 2026-06-30, filed 2026-08-05