Security

Piper Sandler (PIPR) Research Hub

Finvaulta tracks 6 research reports on PIPR, updated through October 1, 2026. Latest: Americas Investment Banks: Into 3Q26 EPS, Mid-Cycle and Air Pocket Concerns Weigh, Although Long-Term M&A Ingredients Intact.

Institutional research on PIPR covering equities, credit, government bonds, and commodities, from Goldman Sachs. Finvaulta indexes each report with a summary, key figures and its original publication date.

Finvaulta is an independent research collection; views and forecasts belong to the named report issuers.

Latest research

Americas Investment Banks: Into 3Q26 EPS, Mid-Cycle and Air Pocket Concerns Weigh, Although Long-Term M&A Ingredients Intact

Goldman Sachs·Oct 1, 2026

Goldman Sachs previews 3Q26 earnings for Americas independent investment banks, noting that while mid-cycle concerns and a deal air pocket are weighing on near-term estimates, depressed valuations at 45th percentile levels provide an attractive entry point. The team favors firms geared to mid-cap and financial sponsor activity or displaying defensive margins, highlighting EVR, HLI, LCLN, and PIPR as preferred Buys.

Piper Sandler Cos. Scenario Analysis Around a Potential Acquisition of PWP

Goldman Sachs·Sep 29, 2026

Following media reports that Piper Sandler is in discussions to acquire Perella Weinberg Partners, Goldman Sachs analyzed the potential transaction, estimating an implied equity value of $1.7–$2.5bn and 2027E EPS accretion of 1% to 9%. The combination would create the 5th largest independent investment bank advisory practice, adding large-cap M&A, restructuring, and energy capabilities.

Investment Banking Monitor: Temporary 3Q26E Air Pocket Possible, Although Longer-Term Growth Trajectory Appears Intact

Goldman Sachs·Sep 11, 2026

Global investment banking activity grew 5% YoY in August 2026 despite falling 17% MoM, driven by strength in ECM (+125%) and M&A (+10%), while DCM declined 3%. Goldman Sachs projects a 20% YoY expansion in M&A over the next twelve months, maintaining a bullish outlook on independent advisors including EVR, PJT, PIPR, and LCLN.

Americas Banks & IBanks: The Next Phase of Capital Markets Growth & the AI Infra Impact

Goldman Sachs·Sep 8, 2026

Following an 11% CAGR from 2019 to 2026E, Goldman Sachs forecasts global capital markets fees to expand at a 4% CAGR through 2028E to $488bn, underpinned by structural asset pool expansion and AI infrastructure demand. Large US bulge brackets (notably Buy-rated JPM and BAC) are primed to benefit disproportionately as transactions increasingly demand balance sheet financing.

The Next Phase of Capital Markets Growth and the AI Infra Impact

Goldman Sachs·Sep 8, 2026

Goldman Sachs analyzes the structural and cyclical drivers behind the step-change in global capital markets revenues since 2019 and projects a 4% fee CAGR through 2028E. The report finds that growth has been driven by expanding tradable asset pools, balance sheet leverage, and financing rather than wider margins, with AI infrastructure providing a major catalyst in 2026.

The Uneven Investment Banking Cycle: Four Key Themes Exiting 1Q26 Earnings

Goldman Sachs·May 19, 2026

Investment bank stocks have underperformed recently as the market grapples with a bifurcated M&A cycle where strategic deals thrive but sponsor activity lags. Goldman Sachs maintains a bias toward firms with structural growth or countercyclical restructuring exposure, such as EVR, HLI, PIPR, and PJT.