earnings
confidence high
sentiment positive
materiality 0.75
Piper Sandler Q2 adjusted EPS $2.52 (+123% YoY); dividend raised to $0.65
PIPER SANDLER COMPANIES
2024-Q2 EPS reported
$4.40
revenue$685,283,000
- GAAP net revenues $339M, up 17% YoY; adjusted net revenues $357M, up 29% YoY.
- GAAP EPS $1.97; adjusted EPS $2.52, up 123% YoY.
- Adjusted pre-tax margin 17.3%, up 7.8 percentage points YoY.
- Quarterly dividend increased to $0.65 per share.
- CEO cites advisory growth; expects to add Aviditi Advisors platform later this year.