Why Perella Weinberg Partners Stock Was Up Today
Investment bank Perella Weinberg Partners' (NASDAQ: PWP) share price jumped up 6.7% and the stock was trading at around $11.01 per share, up 12.5% year to date, as of Thursday at 2:30 p.m. ET.
The major indexes were all down on Thursday -- the S&P 500 by 22 points (-0.5%), the Dow Jones Industrial Average by 168 points (-0.5%), and the Nasdaq Composite by 70 points (-0.6%) -- as of that same time.
New York City investment bank Perella Weinberg Partners surged higher on Thursday on the strength of its fourth-quarter earnings report. The bank destroyed revenue and earnings estimates with $183 million in revenue, which was far better than the $131 million estimate.
Source Fool.com
