Perella Weinberg to Announce Full Year and Fourth Quarter 2025 Financial Results and to Host Conference Call on February 6, 2026

Perella Weinberg currently trades at $22.05 per share and has shown little upside over the past six months, posting a middling return of 4.9%.

Why Do We Think Perella Weinberg Will Underperform?

We're cautious about Perella Weinberg. Here are two reasons you should be careful with PWP and a stock we'd rather own.

1. EPS Trending Down

We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable.

Perella Weinberg’s full-year EPS dropped 186%, or 30% annually, over the last four years. We tend to steer our readers away from companies with falling revenue and EPS, where diminishing earnings could imply changing secular trends and preferences. If the tide turns unexpectedly, Perella Weinberg’s low margin of safety could leave its stock price susceptible to large downswings.

2. Previous Growth Initiatives Have Lost Money

Return on equity, or ROE, tells us how much profit a company generates for each dollar of shareholder equity, a key funding source for banks. Over a long period, banks with high ROE tend to compound shareholder wealth faster through retained earnings, buybacks, and dividends.

Over the last five years, Perella Weinberg has averaged an ROE of negative 9.9%, a bad result not only in absolute terms but also relative to the majority of firms putting up 25%+. It also shows that Perella Weinberg has little to no competitive moat.

Final Judgment

Perella Weinberg doesn’t pass our quality test. That said, the stock currently trades at 25.7× forward P/E (or $22.05 per share). This valuation tells us a lot of optimism is priced in - we think other companies feature superior fundamentals at the moment. We’d recommend looking at a fast-growing restaurant franchise with an A+ ranch dressing sauce.

What Happened?

A number of stocks jumped in the afternoon session after investors rotated out of tech names to capitalize on attractive relative valuations. 

Market analysts noted that while technology remained a long-term theme, the immediate growth story was shifting toward sectors that lagged the AI-driven run-up.As high-growth tech names faced profit-taking, capital flowed into banks and asset managers viewed as offering more defensible earnings multiples in the current climate. The move reflected a classic pivot, in which traders lock in gains from volatile innovators and redeploy them into the "value" side of the market to maintain exposure while reducing risk.The positive mood was supported by a Goldman Sachs forecast that projected U.S. economic growth would accelerate to 2.6 percent in 2026. This outlook was based on expectations of tax cuts, easier financial conditions, and a reduced economic drag from tariffs.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Investment Banking & Brokerage company Perella Weinberg jumped 3.2%. Is now the time to buy Perella Weinberg? Access our full analysis report here, it’s free.
• Diversified Financial Services company WEX jumped 3%. Is now the time to buy WEX? Access our full analysis report here, it’s free.
• Diversified Financial Services company Donnelley Financial Solutions jumped 3.3%. Is now the time to buy Donnelley Financial Solutions? Access our full analysis report here, it’s free.

Zooming In On Donnelley Financial Solutions (DFIN)

Donnelley Financial Solutions’s shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The previous big move we wrote about was 2 days ago when the stock gained 5% on the news that investors shrugged off geopolitical tensions in Venezuela to push the S&P 500 and Dow Jones Industrial Average to new all-time highs. The rally was spearheaded by a resurgence in the "Magnificent Seven" and artificial intelligence sectors, with Amazon and Micron Technology posting significant gains. Market sentiment was fueled by a dual engine: "AI enthusiasm" approaching a fever pitch and expectations for a "hot" economy in 2026, supported by anticipated rate cuts and fiscal stimulus. This robust environment allowed both high-growth tech stocks and cyclical sectors to advance simultaneously.

Donnelley Financial Solutions is up 11.5% since the beginning of the year, but at $50.86 per share, it is still trading 26.6% below its 52-week high of $69.32 from February 2025. Investors who bought $1,000 worth of Donnelley Financial Solutions’s shares 5 years ago would now be looking at an investment worth $2,854.

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at PJT and the best and worst performers in the investment banking & brokerage industry.

Investment banks and brokerages facilitate capital raises, mergers and acquisitions, and securities trading. The sector benefits from corporate activity during economic expansion, increased retail trading participation, and advisory opportunities in emerging sectors. Headwinds include economic cycle vulnerability affecting deal flow, compressed trading commissions due to electronic platforms, and regulatory capital requirements constraining certain higher-risk activities.

The 16 investment banking & brokerage stocks we track reported a very strong Q3. As a group, revenues beat analysts’ consensus estimates by 3.9% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 1% on average since the latest earnings results.

PJT

Spun off from Blackstone in 2015 and founded by former Morgan Stanley executive Paul J. Taubman, PJT Partners is an advisory-focused investment bank that provides strategic advice, restructuring services, and fundraising solutions to corporations, boards, and investment firms.

PJT reported revenues of $447.1 million, up 37% year on year. This print exceeded analysts’ expectations by 15.6%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS and revenue estimates.

PJT scored the biggest analyst estimates beat of the whole group. Unsurprisingly, the stock is up 3.7% since reporting and currently trades at $168.41.

We think PJT is a good business, but is it a buy today? Read our full report here, it’s free for active Edge members.

Morgan Stanley

Founded in 1924 during the post-WWI economic boom by former JP Morgan partners, Morgan Stanley is a global financial services firm that provides investment banking, wealth management, and investment management services to corporations, governments, institutions, and individuals.

Morgan Stanley reported revenues of $18.22 billion, up 18.5% year on year, outperforming analysts’ expectations by 9.2%. The business had an incredible quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue estimates.

The market seems happy with the results as the stock is up 11.3% since reporting. It currently trades at $174.70.

Weakest Q3: Perella Weinberg

Founded in 2006 by veteran investment bankers Joseph Perella and Peter Weinberg during a wave of boutique advisory firm launches, Perella Weinberg Partners is a global independent advisory firm that provides strategic and financial advice to corporations, financial sponsors, and government institutions.

Perella Weinberg reported revenues of $164.6 million, down 40.8% year on year, falling short of analysts’ expectations by 8.4%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates.

Perella Weinberg delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 5.1% since the results and currently trades at $17.89.

Read our full analysis of Perella Weinberg’s results here.

Jefferies

Tracing its roots back to 1962 and rebranded from Leucadia National Corporation in 2018, Jefferies Financial Group is a global investment banking and capital markets firm that provides advisory services, securities trading, and asset management to corporations, institutions, and wealthy individuals.

Jefferies reported revenues of $2.05 billion, up 21.6% year on year. This result beat analysts’ expectations by 8.4%. Overall, it was an incredible quarter as it also recorded a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.

The stock is down 9.1% since reporting and currently trades at $60.65.

Read our full, actionable report on Jefferies here, it’s free for active Edge members.

LPL Financial

As the nation's largest independent broker-dealer with no proprietary products of its own, LPL Financial provides technology, compliance, and business support services to independent financial advisors and institutions who manage investments for retail clients.

LPL Financial reported revenues of $4.55 billion, up 46.4% year on year. This print topped analysts’ expectations by 5%. It was an exceptional quarter as it also put up an impressive beat of analysts’ Advisory segment estimates and a solid beat of analysts’ EBITDA estimates.

LPL Financial achieved the fastest revenue growth among its peers. The stock is up 4.8% since reporting and currently trades at $355.88.

Read our full, actionable report on LPL Financial here, it’s free for active Edge members.

Looking back on investment banking & brokerage stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Morgan Stanley and its peers.

Investment banks and brokerages facilitate capital raises, mergers and acquisitions, and securities trading. The sector benefits from corporate activity during economic expansion, increased retail trading participation, and advisory opportunities in emerging sectors. Headwinds include economic cycle vulnerability affecting deal flow, compressed trading commissions due to electronic platforms, and regulatory capital requirements constraining certain higher-risk activities.

The 16 investment banking & brokerage stocks we track reported a very strong Q3. As a group, revenues beat analysts’ consensus estimates by 3.9% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 4.6% on average since the latest earnings results.

Morgan Stanley

Founded in 1924 during the post-WWI economic boom by former JP Morgan partners, Morgan Stanley is a global financial services firm that provides investment banking, wealth management, and investment management services to corporations, governments, institutions, and individuals.

Morgan Stanley reported revenues of $18.22 billion, up 18.5% year on year. This print exceeded analysts’ expectations by 9.2%. Overall, it was an incredible quarter for the company with a beat of analysts’ EPS and revenue estimates.

Interestingly, the stock is up 15% since reporting and currently trades at $180.52.

Is now the time to buy Morgan Stanley? Access our full analysis of the earnings results here, it’s free for active Edge members.

PJT

Spun off from Blackstone in 2015 and founded by former Morgan Stanley executive Paul J. Taubman, PJT Partners is an advisory-focused investment bank that provides strategic advice, restructuring services, and fundraising solutions to corporations, boards, and investment firms.

PJT reported revenues of $447.1 million, up 37% year on year, outperforming analysts’ expectations by 15.6%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.

PJT scored the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 7.1% since reporting. It currently trades at $173.96.

Is now the time to buy PJT? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Perella Weinberg

Founded in 2006 by veteran investment bankers Joseph Perella and Peter Weinberg during a wave of boutique advisory firm launches, Perella Weinberg Partners is a global independent advisory firm that provides strategic and financial advice to corporations, financial sponsors, and government institutions.

Perella Weinberg reported revenues of $164.6 million, down 40.8% year on year, falling short of analysts’ expectations by 8.4%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates.

Perella Weinberg delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 2.1% since the results and currently trades at $18.45.

Read our full analysis of Perella Weinberg’s results here.

Evercore

Founded in 1995 as a boutique advisory firm focused on independence and client trust, Evercore is an independent investment banking firm that provides strategic advisory, capital markets, and wealth management services to corporations, financial sponsors, and high-net-worth individuals.

Evercore reported revenues of $1.05 billion, up 41.6% year on year. This number surpassed analysts’ expectations by 6.9%. It was a very strong quarter as it also put up a solid beat of analysts’ Investment Banking segment estimates and an impressive beat of analysts’ EBITDA estimates.

The stock is up 7.1% since reporting and currently trades at $344.67.

Read our full, actionable report on Evercore here, it’s free for active Edge members.

Jefferies

Tracing its roots back to 1962 and rebranded from Leucadia National Corporation in 2018, Jefferies Financial Group is a global investment banking and capital markets firm that provides advisory services, securities trading, and asset management to corporations, institutions, and wealthy individuals.

Jefferies reported revenues of $2.05 billion, up 21.6% year on year. This print beat analysts’ expectations by 8.4%. Overall, it was an incredible quarter as it also produced a beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue estimates.

The stock is down 5.3% since reporting and currently trades at $63.17.

Read our full, actionable report on Jefferies here, it’s free for active Edge members.