US Brokers and Asset Managers: Brownie Points: What‘s on Tap for Earnings Next Week?

Research evidence excerpt

US Brokers and Asset Managers: Brownie Points: What‘s on Tap for Earnings Next Week?

Global Research

24 July 2026ab

US Brokers and Asset Managers Equities

AmericasBrownie Points: What's on Tap for Earnings Next

Week? Financial

Michael Brown

Analyst

mike.brown@ubs.com

Weekly "Brownie Points" publication highlights key points and emerging trends across +1-212-713 1387

asset mgr & brokers. Note, IB metrics tracked on the following pages.

Daniel Lehmann

Point 1: Abbreviated earnings outlook for next week Associate Analyst

Asset managers and brokers earnings season continues to roll on and we are daniel-j.lehmann@ubs.com

approximately one-third of the way through. Looking ahead, this week we highlight +1-212-713 2391

some quick views on stocks set to report next week (namely boutiques and alts). Vijeth Mudalegundi

vijeth.mudalegundi@ubs.comBoutiques: As highlighted in our preview, heading into earnings we remain positive for

+1-212-649 8172

EVR, neutral to negative on: PJT, HLI, MC with the latter two based on sponsor-related

comments from large investment banks and LAZ (i.e. activity generally muted and Mary Mahrer

viewed as a source of potential upside). Analyst

mary.mahrer@ubs.com

EVR: Expect a strong quarterly print, but reaction might be muted per usual, +1-212-713 9014

unless EVR lowers comp accrual sequentially. We don't expect a shift although Cory Johnson

commentary could be even more constructive on comp ratio trajectory. Associate Analyst

cory.johnson@ubs.com

PJT: Expect top line miss on lower advisory, although admittedly with results now +1-212-882 0078

in one revenue line, visibility is tough. Also do not expect a shift in the comp

accrual this early in the year given limited visibility this early in the year.