Piper Sandler Companies (NYSE:PIPR) Q1 2024 Earnings Call Transcript

Michael Grondahl: Got it. And then on the corporate finance comments, it sounded like you were saying that you had a very robust $53 million in 1Q and that April was pretty solid or kind of maintained that level. But the outlook, the visibility isn’t that far out, but at least into April, it kind of maintain that level. Did I hear that right?

Chad Abraham: Yeah. I mean, nothing’s really changed. We’ve got a great pace. We’ve done a bunch of good deals in April that I, is on the same run rate as March. If things don’t change, you would feel great about that for the quarter. But this is also a business that you just don’t get five months of visibility. And even if you do and you have deals lined up, things change quick. So we definitely feel better about the ECM business and frankly, our debt financing business. And so pending not a lot of change in the overall market, it’ll be a nice up year in ECM. It’s just I don’t like to make comments on ECM two and three quarters out because things can change pretty fast.

Michael Grondahl: Sure. Okay. Hey, thanks a lot.

Operator: It appears there are no further questions at this time. I will now turn the conference back to Mr. Chad Abraham for any additional or closing remarks.

Chad Abraham: All right. Thank you, operator, and everyone that joined. We look forward to updating you on our second quarter results. Have a great day and a good weekend.

Operator: This concludes today’s call. Thank you for your participation. You may now disconnect.