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Why Perella Weinberg Partners Stock Was Up Today

TheMotleyFool

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Why Perella Weinberg Partners Stock Was Up Today: https://g.foolcdn.com/editorial/images/720169/person-reading-on-his-smartphone.jpg

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

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