|Bid||76.34 x 1100|
|Ask||76.50 x 800|
|Day's Range||76.08 - 77.23|
|52 Week Range||61.35 - 82.52|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||16.66|
|Earnings Date||Jul 26, 2019|
|Forward Dividend & Yield||1.50 (1.96%)|
|1y Target Est||89.00|
Piper Jaffray Companies will release its second quarter 2019 financial results prior to the opening of the market on Friday, July 26, 2019. The earnings release will be available that same day at the firm’s website at www.piperjaffray.com.
Piper Jaffray Companies , a leading investment bank and institutional securities firm announced the addition of its CD and Structured Note underwriting business with the arrival of Ardi Baniahmad, Josh Brenner, Rick Cabanes and Meghan Greenwood, formerly of First Empire.
Piper Jaffray (PJC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
On the day of its payment deadline, the Sacramento-based renewable fuel producer has again deferred a payment to a major lender for four months.
The giant bank can no longer make money executing stock trades for professional money managers. It’s a sign the business of Wall Street has changed. So who wins in the aftermath?
Deutsche Bank’s decision to exit the equity-trading business but remain in equity research demonstrates the impact a rule called Mifid II has had on Wall Street.
(Bloomberg) -- Boutique investment banks that advise companies on mergers are starting to find partners of their own.Piper Jaffray Cos. said Tuesday it agreed to buy Sandler O’Neill & Partners LP for $485 million, and Canadian Imperial Bank of Commerce announced it plans to acquire Milwaukee-based Cleary Gull Inc.Those mergers follow Raymond James Financial Inc.’s deal in April for Silver Lane Advisors LLC and PNC Financial Services Group Inc.’s takeover of Ambassador Financial Group, announced in January. Raymond James Chief Executive Officer Paul Reilly said last month he’s seeking more acquisitions to expand in businesses including mergers and wealth management.Investors have been rewarding high-margin advisory businesses as the market for mergers and acquisitions heats up. Global deals are on pace to top $3 trillion for a sixth straight year. At the same time, the bank combinations can help small firms compete more effectively against Wall Street giants like Goldman Sachs Group Inc., which has said it’s targeting middle-market opportunities it previously shunned.“Plenty of banks need to grow,” Jimmy Dunne, a Sandler O’Neill senior managing principal, said in a Bloomberg Television interview. “Technology costs and regulatory costs have made size more important, so the merger wave will continue,” said Dunne, who will become vice chairman of the combined company, Piper Sandler Cos.Other recent examples:Boutique bank PJ Solomon sold a stake in itself to French bank Natixis SA in 2016 and has been expanding ever since.Japan’s Daiwa Securities Group Inc. has made investments in U.S. merger boutiques, including Baltimore-based Signal Hill Holdings LLC, and has been hiring from rivals.PJT Partners Inc. bought CamberView Partners Holdings LLC last year to expand its advisory services for shareholder activism and corporate governance.Stifel Financial Corp. bought GMP Capital Inc.’s advisory and trading business in a June deal.(Updates with Dunne comments in fifth paragraph and Stifel deal in fourth bullet point.)\--With assistance from Sonali Basak and Doug Alexander.To contact the reporter on this story: Elizabeth Rembert in New York at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, Steve Dickson, Daniel TaubFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Piper Jaffray Companies (NYSE: PJC ) said Tuesday it will acquire Sandler O’Neill + Partners, L.P. for a total of $485 million. The combined company will be known as Piper Sandler Companies. Piper Jaffray ...
US investment bank Piper Jaffray agreed to buy smaller rival Sandler O’Neill + Partners for $485m on Tuesday, bolstering the lender’s business advising banks as consolidation sweeps the US financial industry. Piper Jaffray, which plans to rename itself Piper Sandler Companies once the takeover is completed, will pay $350m in cash to Sandler O’Neill shareholders for the business. It will also pay $135m, primarily made up of restricted Piper Jaffray stock, to Sandler’s partners and a further $115m to retain Sandler employees.
Piper Jaffray Cos. on Tuesday announced it would pay $485 million in a deal for fellow investment bank Sandler O'Neill. The combined company will be called Piper Sandler Cos.
Piper Jaffray Cos. and Sandler O'Neill + Partners said Tuesday they have agreed to merge in a deal with a value of $485 million. The combined company will be named Piper Sandler Cos. and will join the investment bank focused on financial services with Piper Jaffray's investment banking platform, the companies said in a joint statement. The deal "accelerates Piper Jaffray's goal of prioritizing and building its M&A advisory business, adds a differentiated fixed income business and significantly expands the breadth and depth of the firm's equity research, and sales and trading franchise," said the statement. The deal is expected to close in January of 2020. Piper Jaffray will pay $350 million in cash to Sandler shareholders at close and pay $135 million in restricted stock to Sandler employee partners, along with an additional $115 million in retention incentives. The new company will have 2018 pro forma combined advisory service revenue of $573 million and pro forma combined investment banking revenue of $839 million. It is expected to boost adjusted EPS by more than 10% in 2020. Sandler Senior Managing Principal Jimmy Dunne will be named vice chairman of Piper Sandler and senior managing principal of Piper Sandler's financial services business. Piper Jaffray shares were not yet active premarket, but have gained 12.2% in 2019, while the S&P 500 has gained 18.7%.
Piper Jaffray Companies (PJC) and Sandler O’Neill + Partners, L.P. today announced they have entered into a definitive merger agreement. The combined company will be named Piper Sandler Companies and will bring together the leading investment banking firm focused on the financial services industry with the growing Piper Jaffray investment banking platform. The combination accelerates Piper Jaffray’s goal of prioritizing and building its M&A advisory business, adds a differentiated fixed income business and significantly expands the breadth and depth of the firm’s equity research, and sales and trading franchise.
Wall Street investment banking firms Piper Jaffray and Sandler O'Neill on Tuesday announce they will join forces in a merger valued at $485 million.
If the deal goes through, it's the second large transaction the company has been involved in recently.
Piper Jaffray Companies , a leading investment bank and institutional securities firm with one of Wall Street’s most active and awarded healthcare practices, will host the 7th annual Heartland Summit on June 20, 2019 in Minneapolis.
Piper Jaffray Companies NYSE:PJCView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for PJC with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold PJC had net inflows of $675 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Piper Jaffray Companies , a leading investment bank and institutional securities firm, is pleased to announce the hiring of Mihir Mantri and Paul Scansaroli as managing directors in its investment banking division.