Piper Sandler Co`S Stock Price, News & Analysis

Piper Sandler (NYSE: PIPR) has appointed Matt Somma as managing director in its financial services group. Somma will focus on advising asset and wealth management firms on M&A transactions and capital raises, while also providing strategic alternatives guidance to family offices. Based in New York, he brings nearly 20 years of experience, previously serving at Truist Securities and being a founding partner at Cresset Capital. His prior roles include positions at J.P. Morgan, where he developed Morgan Private Ventures, and at MSD Capital, managing $2.5B AUM across public and private securities.

Piper Sandler Companies (NYSE: PIPR) and BC Partners Credit have announced a strategic alliance aimed at enhancing debt capital market access for financial services clients. This partnership combines Piper Sandler's Financial Services Debt Capital Markets expertise, which has executed over 550 transactions worth nearly $40 billion in gross proceeds over the past decade, with BC Partners Credit's $8 billion credit platform. The alliance addresses challenges faced by small-cap, mid-cap, and privately-owned banks in executing debt financing following the 2023 Federal Reserve rate hikes and bank failures. The collaboration aims to provide customized structures and financing solutions, with plans to include additional institutional investors over time.

Piper Sandler (NYSE: PIPR) has expanded its energy equity research team with the addition of Derek Podhaizer as director and senior research analyst. Based in New York, Podhaizer will focus on the oilfield services sector. He brings a decade of experience from Barclays, where he served as vice president for their oilfield services equity research team, leading coverage of North America oilfield services and geothermal markets. Michael Cox, co-head of global equities, emphasized that oilfield services is a strategic focus for Piper Sandler, noting they are among few firms offering dedicated coverage in this sector.

Piper Sandler Companies (NYSE: PIPR) announced its third quarter 2024 financial results and declared a quarterly dividend of $0.65 per share. The company has scheduled an earnings conference call for October 25, 2024, at 8:00 a.m. CT. Investors can access the call via phone (888 204-4368 U.S. / +1 773 305-6853 international) using passcode 2158059, or through an audio webcast. A replay will be available on the company's website approximately three hours after the event.

Piper Sandler Companies (NYSE: PIPR) has announced the addition of Brian Vescio as managing director and head of structured products trading to its fixed income team. Vescio, who will be based in New York, is returning to Piper Sandler after previously spending four years with the firm.

Mike Piper, managing director and head of non-depository fixed income at Piper Sandler, expressed excitement about Vescio's return, citing his familiarity with the client base and suitability for the leadership role. Vescio joins from StoneX Group Inc., where he was managing director and head of structured credit. His previous experience includes leading non-agency mortgage and asset-backed securities at Sandler O'Neill and Piper Sandler, as well as heading non-agency mortgage trading at Nomura Securities.

Vescio holds an MBA from Fordham University and a bachelor's degree from Villanova University.

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, has announced it will release its third quarter 2024 financial results before the market opens on Friday, October 25, 2024. The earnings release will be available on the company's website at pipersandler.com/earnings. A conference call to review the financial results will be hosted by key executives, including Chad Abraham (chairman and CEO), Deb Schoneman (president), and Kate Clune (CFO), at 9 a.m. ET (8 a.m. CT) on the same day.

Investors and analysts can participate in the live conference call by dialing 888 204-4368 (U.S.) or +1 773 305-6853 (outside U.S.) with passcode 2158059. A live audio webcast will also be available on the company's website. For questions about accessing the call, contact Piper Sandler Investor Relations at investorrelations@psc.com.

Piper Sandler has completed its 48th semi-annual Taking Stock With Teens® survey, partnering with DECA to gather insights from over 13,500 U.S. teens. The survey, conducted in fall 2024, reveals key trends in teen spending and preferences:

- Teen self-reported spending increased 4% to $2,361 compared to the spring survey.
- Nike remains the top brand for apparel and footwear.
- New Balance improved to third place in footwear, doubling its mindshare to 8%.
- Amazon is the top shopping website among upper-income teens.
- The beauty category reached its highest spending levels since 2018 at $342.
- TikTok is the favorite social app, followed by Instagram and Snapchat.
- 87% of teens own an iPhone, with 30% planning to upgrade their Apple hardware.
- Netflix leads in daily video consumption.
- Chick-fil-A is the preferred chain restaurant, followed by McDonald's and Chipotle.
- Teens prefer energy drinks over coffee and soda.

Hormel Foods (NYSE: HRL) has elected Debbra Schoneman, president of Piper Sandler Companies, to its Board of Directors, effective September 21, 2024. Schoneman joins the Audit and Governance Committees of the board. With 34 years of experience at Piper Sandler, including roles as president and CFO, she brings extensive expertise in finance and corporate development.

Jim Snee, chairman, president, and CEO of Hormel Foods, expressed enthusiasm about Schoneman's addition to the board, highlighting her potential contribution to the company's ongoing transformation and growth. Schoneman's background includes board service in public, private, and philanthropic sectors, including her current roles on the Allina Health board and the University of St. Thomas board of trustees.

Piper Sandler Companies (NYSE: PIPR) has announced the election of Ann Gallo to its board of directors. Gallo brings extensive experience from her recent role as senior managing director and partner at Wellington Management Company, LLP, where she led the healthcare team managing over $60 billion in assets. Her expertise spans healthcare services, medical technology, and portfolio management.

Gallo's 25-year tenure at Wellington included serving on key committees and co-founding their private equity franchise. Prior to Wellington, she held positions at Alex. Brown & Sons and Piper Sandler. Chad Abraham, Piper Sandler's chairman and CEO, highlighted Gallo's valuable healthcare knowledge and financial services leadership as significant assets to the board, particularly given healthcare's importance to Piper Sandler's investment banking, public finance, and research businesses.