Piper Sandler's growth forecast upgraded to Buy by Goldman Sachs. Projected 12.5% revenue CAGR through 2027, outperforming competitors. M&A backlog increased by 110% since early 2024. Strong position in mid-cap M&A, driving higher fee revenue. Expected growth in municipal finance as interest rates decline.
U.S. tariffs triggered sharp declines in global stocks and futures. Major indexes fell over 3%, signaling investor concerns. Significant tariffs: China 34%, Japan 24%, EU 20%. U.S. Treasury yields dropped, indicating economic uncertainty. Major companies like Apple, Amazon, and Nike saw heavy losses.