Skip to content

Company

Piper Sandler

Independent investment bank offering M&A advisory, capital markets, and equity research across sectors including technology and financial services.

Current stories

investOne report1 publisher

DeVoe's record RIA year needs 79 more deals, two fewer than each of the last two fourth quarters

DeVoe counted 77 RIA deals in the third quarter, 17% fewer than a year earlier, and Piper Sandler and Fintrx also logged declines. Capital-backed consolidators are expected to carry 2026 to a record anyway, with MarshBerry saying the count could pass 400.

Reality

Evidence60
Adoption
Not scored
Hype gap+20
Incentives
Not scored
Confidence62
investOne report1 publisher

Deposit costs will decide how much of the Fed's September hike banks get to keep

JPMorganChase opens third-quarter bank earnings on Tuesday, the first results since the Fed's 25-basis-point hike in September. Deposit costs will show how much of that hike banks are handing back to depositors to keep their balances.

Reality

Evidence45
Adoption
Not scored
Hype gap+15
Incentives
Not scored
Confidence40
investOne report1 publisher

Chicago's serial bank buyer Byline crosses $10 billion with an $87.9 million deal

Byline Bancorp agreed to pay about $87.9 million for Illinois State Bancorp, a deal that lifts the $9.9 billion Chicago lender over $10 billion in assets. Byline is one of few active acquirers in a city investors call overbanked, so the deal tests whether Chicago consolidation rests on one buyer.

Reality

Evidence55
Adoption
Not scored
Hype gap0
Incentives60
Confidence55
investOne report1 publisher

Third Coast pays under eight times earnings for capital-constrained Great Plains

Third Coast Bancshares agreed to pay $239.6 million in stock for Great Plains Bancshares, a $1.9 billion-asset Oklahoma lender. The price is about 7.7 times the seller's 2025 profit, so Third Coast needs that profit to hold through 2028, the year it forecasts 14% accretion to earnings per share.

Reality

Evidence55
Adoption
Not scored
Hype gap+15
Incentives65
Confidence55
investConfirmed2 publishers

Treasury Partners puts the equity trigger at a 5.25% ten-year Treasury yield

Fortune's account of the global selloff traces a chain from oil above $100 a barrel to the debt behind AI data centers. The single testable number in it is a yield level named by one investment chief.

Perspective Coverage

3 publishers
Builder
Builder 7%
Operator
Operator 53%
Investor
Investor 40%

Reality

Evidence62
Adoption
Not scored
Hype gap+20
Incentives45
Confidence58
investOne report1 publisher

Bettors put a Democratic Senate 16 points above Piper Sandler's raised odds

Kalshi prices Democrats taking the Senate at 61% and Polymarket at 65%, while Piper Sandler's upgrade reached only 45% and still calls the chamber roughly a toss-up. The two baselines sit 16 points apart.

Publishers:fortune.com

Reality

Evidence58
Adoption
Not scored
Hype gap+15
Incentives45
Confidence52
investOne report1 publisher

BCB Bancorp sells stock at 47% below book to clear $306m of problem loans

Thomas O'Brien is spending a discounted $98 million stock sale to clear $306 million of BCB Bancorp's worst credits in a single quarter, and the loss that produces runs to $136.1 million at the top end.

Reality

Evidence62
Adoption40
Hype gap+12
Incentives72
Confidence55
investOne report1 publisher

The market took 21.7% off The Bancorp over a client worth 8% of quarterly revenue

Chime's proposed purchase of Stride Bank cost its sponsor bank $13.55 a share, even though the Chime contract runs to mid-2028. Valley Bank and Hatch Bank are already sponsoring a different kind of client.

Reality

Evidence58
Adoption35
Hype gap+12
Incentives62
Confidence52
investOne report1 publisher

ServiceTitan guides third-quarter revenue below the quarter that just beat the Street

ServiceTitan beat on revenue and EPS and nudged its full-year guide up by $4m. The stock fell 30% the next session, because the back half of fiscal 2027 is planned at roughly 15% growth against 25% a year ago.

Publishers:saastr.com

Reality

Evidence62
Adoption55
Hype gap+6
Incentives56
Confidence58
investOne report1 publisher

Rivian's Autonomy+ clears Super Cruise, which was never the expensive part

CNBC's hundreds of test miles put Rivian ahead of GM on highways and behind Tesla's FSD v14 off-highway and point-to-point, which is where subscription pricing has to be justified.

Publishers:cnbc.com

Reality

Evidence55
Adoption45
Hype gap+22
Incentives62
Confidence58