Perella Weinberg PartnersPerella Weinberg reported Q1 revenues of $148.9M, down 29.7% YoY and 10.5% below expectations, the weakest among tracked banks.
Perella Weinberg reported first-quarter revenues of $148.9 million, a 29.7% decline year on year and 10.5% below analyst expectations, making it the weakest performer among 15 tracked investment banking and brokerage stocks. The group overall posted mixed results, with aggregate revenues beating consensus estimates by 0.5% but next-quarter guidance coming in 1.4% below forecasts. Evercore stood out with revenues of $1.40 billion, up 100% year on year and exceeding estimates by 16.6%, while Lazard, Moelis, and Piper Sandler reported mixed outcomes. Perella Weinberg shares have fallen 27.1% since the release, trading at $16.57.
Perella Weinberg PartnersPerella Weinberg reported Q1 revenues of $148.9M, down 29.7% YoY and 10.5% below expectations, the weakest among tracked banks.
Evercore Partners IncEvercore reported revenues of $1.40 billion, up 100% YoY and 16.6% above estimates, making it the standout performer.
Lazard LtdLazard reported mixed outcomes, but no specific figures or direction given.
Moelis & CoMoelis reported mixed outcomes, but no specific figures or direction given.
Piper Sandler CompaniesPiper Sandler reported mixed outcomes, but no specific figures or direction given.