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PIPR - Houlihan Lokey: Profits To Skyrocket With The Coming Bankruptcy Wave
Piper Sandler Companies
Last September I covered the boutique investment bank Houlihan Lokey (HLI) in "Houlihan Lokey: The Bank To Buy In A Recession". Now the recession has arrived and HLI's stock has delivered 40% in gains. This comes as most bank stocks are down 40% or more. Even many less-cyclical investment banks are seeing losses due to the current recession. See HLI's performance compared to its peer banks below:
This includes Moelis (MC), Evercore (EVR), Greenhill (GHL), PJT (PJT), and Piper Sandler (PIPR).