Piper Sandler: Not In Trouble From AI

2026-02-12 08:38:28 ET

Piper Sandler ( PIPR ) took a hit today. In terms of earnings, results were quite good. Healthcare drove the equity financing business, as in the previous coverage, with healthcare meaning medtech and biotech being decent areas in the laggard recovery in the reflexive parts of the public markets responding positively to lower rates. All businesses were strong or flat other than fixed income, which was up against tough comps, and municipal financing was lackluster but with continued potential. Sponsors also seem to be coming back, and the market hiccup in tech stocks doesn't seem to be affecting ECM, which it could have with that business being low visibility....

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