2024-06-28 15:11:05 ET
Summary
- Municipal financing made a lagged comeback and helped bolster Piper Sandler Companies results.
- ECM and DCM activity seem to be resuming too, which have been frozen markets for some time now, thanks to both strong public equity markets and low credit spreads respectively.
- Mid-market continues to be a more resilient and consistently growing slice in advisory, but Piper Sandler Companies doesn't seem to offer special value over other advisory stocks with similar growth.
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Piper Sandler: Biotech And ECM Is Back Online