Piper Sandler: 3 key takeaways for long-term investors. Dominance in bank M&A and energy advisory is offsetting municipal financing headwinds, leaving room for upside. Key points. * Piper Sandler generated third-quarter adjusted net revenues of $456 million. * Energy group completed 19 advisory transactions, more than doubling year-ago results. * The board authorized a new $200 million share repurchase program through 2028. * 10 stocks The Motley Fool, LLC like better than Piper Sandler Companies" On its third quarter of 2026 earnings call, held on Oct. 30, 2026, Piper Sandler (PIPR -7.14%) announced third-quarter adjusted net revenues of $456 million. Specializing in high-demand niches gives the investment bank cash flow resilience across shifting market cycles. Three things management said stand out. 1. Energy demand for AI data centers drives record advisory revenues. Power generation and grid infrastructure investments are accelerating across the energy sector. That momentum helped Piper Sandler expand its advisory work and double transaction counts for its energy team over the year-ago period. Increased demand for energy to power the growth in AI data centers helped drive record quarterly revenues for its diversified energy group. - Chad Abraham, Chairman and Chief Executive Officer 2. Dominance in bank mergers sustains investment banking leadership. Depository institutions are consolidating through mergers and acquisitions (M&A) despite broader transaction slowdowns. Piper Sandler maintains top league table positions by advising on major regional bank deals, helping ensure steady fee generation. The Motley Fool, LLC advised on 6 of the 10 largest bank M&A deals announced during the third quarter and remained at the top of the year-to-date league tables for both deal count and deal value, underscoring the ongoing strength of this franchise. - Chad Abraham, Chairman and Chief Executive Officer 3. Fixed income brokerage gains offset municipal financing headwinds. Rapidly rising interest rates delayed public sector project financings, which reduced municipal underwriting revenue. Fixed income trading revenue rose as institutional clients restructured balance sheets and executed tax-loss swaps to adapt to higher yields. Client activity strengthened as rising interest rates prompted investors to adjust their holdings. The Motley Fool, LLC saw increased activity across taxable and municipal products as investors took advantage of higher rates, increased hedging activity, or engaged in tax-loss selling. - Debbra Schoneman, President Looking ahead. Deal pipelines are building momentum as corporate leaders prepare for fourth-quarter transactions. Looking to the fourth quarter, its advisory pipeline is healthy, positioning The Motley Fool, LLC for what The Motley Fool, LLC expect will be its strongest quarter of the year, although below last year's record fourth quarter. - Chad Abraham, Chairman and Chief Executive Officer The firm's deep sector specialization in energy and financial depositories gives it strong structural advantages for long-term deal capture. That said, management is paying close attention to transaction timing amid persistent inflation and market volatility. And as deals close, excess cash flows directly back to shareholders through equity repurchases. Its cash position remains strong, and at its current valuation, The Motley Fool, LLC intend to deploy excess capital through share repurchases. - Kate Clune, Chief Financial Officer Is Piper Sandler Companies a smart long-term play? Before you buy stock in Piper Sandler Companies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Piper Sandler Companies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of its recommendation, you'd have $334,793!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of its recommendation, you'd have $1,257,420!* Now, it's worth noting Stock Advisor's total average return is 874% - a market-crushing outperformance compared to 209% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. *Stock Advisor returns as of November 1, 2026.

Investment bank Piper Sandler (NYSE:PIPR) reports third-quarter results this Friday before market open. Analysts expect revenue to grow 2.1% year on year, down from 29.4% in the same quarter last year. Last quarter, the firm beat revenue expectations with $491.1 million, up 21.2%, and also topped earnings per share estimates. Analysts have mostly held their estimates over the past 30 days, and the firm rarely misses revenue forecasts. Peers have already reported. Evercore's revenue rose 12.5%, beating estimates by 32.1%. Goldman Sachs' revenue rose 23%, topping estimates by 11.5%, though its shares fell 1.7%. Piper Sandler shares are up 3.5% over the past month, at $67. The average analyst price target is $79.38.

Piper Sandler establishes infrastructure debt advisory team in London. The team will be led by industry veteran Stewart Robinson, who joins the firm in the London office. In addition, Hugo Muller and Anish Shah have been hired as directors. Piper Sandler, an investment bank, established a new infrastructure debt advisory team led by industry veteran Stewart Robinson, who joins the firm in the London office. In addition, Hugo Muller and Anish Shah have been hired as directors. The team will be fully integrated into the energy, power and infrastructure group and focused on advising infrastructure companies on debt financing and capital raising transactions. "We are excited to welcome Stewart, Hugo and Anish to the infrastructure group," Paul Leece, managing director and global head of infrastructure of Piper Sandler, said. "Their extensive experience across debt advisory, private placements, project bonds and infrastructure financing will enhance the advice we provide to clients across the sector. The addition of this team will further strengthen our integrated offering and allow us to support clients across their capital structure and strategic objectives." Robinson most recently served as a managing director and EMEA head of debt advisory at Nomura International. Before joining Nomura, he was a managing director in the power, energy and infrastructure team at Cantor Fitzgerald. He previously served as EMEA head of private placements and project bonds at Societe Generale and held roles in the debt capital markets and structured credit teams at Royal Bank of Canada and Barclays Capital. Robinson holds a master's degree in engineering, economics and management from Oxford University. "I am thrilled to join Piper Sandler and to be reunited with Paul and the team," Robinson said. "Debt advisory and M&A advisory are symbiotic and the addition of debt advisory expertise will broaden the advisory skill set that the firm can offer to clients. The integration of these advisory services and the culture of collaboration will allow us to deliver outstanding results for our clients." Prior to joining Piper Sandler, Muller and Shah were executive directors in the debt advisory team at Nomura in London. They have over 20 years combined experience in debt financing with a focus on infrastructure and energy sectors. Muller received his bachelor's degree from the University of Bath. Shah received his bachelor's degree from The University of Manchester.