Piper Sandler Announces $200 Million Share Buyback Program Through 2028
Piper Sandler (PIPR) reported strong third-quarter results despite challenging market conditions and headwinds in the M&A sector. Chairman and CEO Chad Abraham noted that while rising yields created a selective environment for clients, the firm's underlying business remained resilient. Looking ahead, the company has signaled significant capital return commitment by announcing a $200 million share buyback program scheduled to run through 2028. Management also expressed long-term optimism, forecasting that the fourth quarter of 2026 will represent the strongest period for the firm.
Tickers: $PIPR
Topics: earnings results interest rates M&A headwinds market conditions