Piper Sandler Reports Q3 2026 Results with Record Corporate Investment Banking Revenue
Piper Sandler (PIPR) reported third-quarter adjusted net revenues of $456 million, driven by significant growth in advisory and fixed income services. While corporate investment banking reached a record third quarter for the firm, overall adjusted earnings per share fell to $0.87 from $0.96 in the prior year due to rising operating expenses, including office relocation costs and legal fees. The company saw notable strength in its energy group, with transaction counts more than doubling due to increased power demand from AI data centers. However, macroeconomic headwinds were evident in the municipal financing sector, where a rapid rise in interest rates led to a 50% sequential decline in revenue as deals were delayed or downsized.
Tickers: $PIPR
Topics: adjusted eps advisory services energy group transactions fixed income services revenue growth