- Perella Weinberg's second quarter revenue is expected to come down sequentially, which means the YoY declines will accelerate.
- Compared to a company like Moelis, Perella Weinberg doesn't seem to be in the same position with respect to sponsor activity.
- The restructuring franchise could pick up, but for now things look quite bleak.
- However, they're an elite bank with a great reputation, maybe they can win clients in better verticals in later quarters like with sponsors and in mid-cap territory.
- Also they have backlog and are repurchasing shares.
For further details see:
Perella Weinberg Guides For Serious Drops In Revenue