Piper Sandler Reports Q4 Profit Advance, EPS Up 12% to $1.18

Piper Sandler & Co (PFE) reported fourth-quarter profit rose 12% to $1.18 per share, driven by stronger trading and advisory services. Revenue for the quarter reached $1.03 billion, up 7% year-over-year. The company attributed the gains to improved market conditions and a 10% increase in trading volume during the period. Management cited cost optimization and higher yields from client transactions as key contributors to the earnings beat.