Houlihan Lokey vs Daiwa Securities: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Houlihan Lokey Inc (HLI)

Q3 202629 Jul – 8 Oct 2026

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Houlihan Lokey's Deal Slump Hits Earnings, but Private-Markets Push Offers Hope

Q1 Earnings Miss as M&A Deals Stall Houlihan Lokey's fiscal Q1 revenue fell 15.5% to $511 million and adjusted EPS dropped to $1.35, badly missing estimates. Delayed tech and mid-cap M&A deals, plus geopolitical uncertainty, cut deal fees. This weak quarter pressures the stock because profits depend on completed transactions.
The earnings miss is the main new negative force driving HLI's price down this period.
Private-Markets Survey Points to Future Fee Growth Houlihan Lokey's LP Compass survey forecasts record direct and co-investment volumes in 2026, with these strategies overtaking primary funds within five years. As an advisor on such deals, HLI could earn more fees. This supports the stock by showing a growing market for its services.
It highlights a new positive demand driver that could offset weak traditional M&A.
Peer Comparison Shows HLI as Group Laggard A sector review of 15 investment banks and brokers found Houlihan Lokey was the weakest, with revenue down 15.6% and 16.3% below estimates, while peers like Goldman Sachs beat expectations. This relative underperformance can push HLI shares down as investors favor stronger competitors.
It reinforces HLI's weak standing versus peers, a new negative signal for the stock.
Leadership Changes Signal Strategic Shift Houlihan Lokey hired two managing directors for financial services and fintech, and a board member resigned without disagreement. The hires support growth in private markets and digital assets, but the board exit adds governance uncertainty. Net effect on the stock is unclear.
It shows a new strategic push with potential long-term benefits but near-term ambiguity.

September 202629 Jul – 8 Oct 2026

▼2▲1

Houlihan Lokey's Deal Slump Hits Earnings, but Private-Markets Push Offers Hope

Q1 Earnings Miss as M&A Deals Stall Houlihan Lokey's fiscal Q1 revenue fell 15.5% to $511 million and adjusted EPS dropped to $1.35, badly missing estimates. Delayed tech and mid-cap M&A deals, plus geopolitical uncertainty, cut deal fees. This weak quarter pressures the stock because profits depend on completed transactions.
The earnings miss is the main new negative force driving HLI's price down this period.
Private-Markets Survey Points to Future Fee Growth Houlihan Lokey's LP Compass survey forecasts record direct and co-investment volumes in 2026, with these strategies overtaking primary funds within five years. As an advisor on such deals, HLI could earn more fees. This supports the stock by showing a growing market for its services.
It highlights a new positive demand driver that could offset weak traditional M&A.
Peer Comparison Shows HLI as Group Laggard A sector review of 15 investment banks and brokers found Houlihan Lokey was the weakest, with revenue down 15.6% and 16.3% below estimates, while peers like Goldman Sachs beat expectations. This relative underperformance can push HLI shares down as investors favor stronger competitors.
It reinforces HLI's weak standing versus peers, a new negative signal for the stock.
Leadership Changes Signal Strategic Shift Houlihan Lokey hired two managing directors for financial services and fintech, and a board member resigned without disagreement. The hires support growth in private markets and digital assets, but the board exit adds governance uncertainty. Net effect on the stock is unclear.
It shows a new strategic push with potential long-term benefits but near-term ambiguity.

Latest29 Jul – 8 Oct 2026

▼2▲1

Houlihan Lokey's Deal Slump Hits Earnings, but Private-Markets Push Offers Hope

Q1 Earnings Miss as M&A Deals Stall Houlihan Lokey's fiscal Q1 revenue fell 15.5% to $511 million and adjusted EPS dropped to $1.35, badly missing estimates. Delayed tech and mid-cap M&A deals, plus geopolitical uncertainty, cut deal fees. This weak quarter pressures the stock because profits depend on completed transactions.
The earnings miss is the main new negative force driving HLI's price down this period.
Private-Markets Survey Points to Future Fee Growth Houlihan Lokey's LP Compass survey forecasts record direct and co-investment volumes in 2026, with these strategies overtaking primary funds within five years. As an advisor on such deals, HLI could earn more fees. This supports the stock by showing a growing market for its services.
It highlights a new positive demand driver that could offset weak traditional M&A.
Peer Comparison Shows HLI as Group Laggard A sector review of 15 investment banks and brokers found Houlihan Lokey was the weakest, with revenue down 15.6% and 16.3% below estimates, while peers like Goldman Sachs beat expectations. This relative underperformance can push HLI shares down as investors favor stronger competitors.
It reinforces HLI's weak standing versus peers, a new negative signal for the stock.
Leadership Changes Signal Strategic Shift Houlihan Lokey hired two managing directors for financial services and fintech, and a board member resigned without disagreement. The hires support growth in private markets and digital assets, but the board exit adds governance uncertainty. Net effect on the stock is unclear.
It shows a new strategic push with potential long-term benefits but near-term ambiguity.

Daiwa Securities Group Inc. (8601.JP)

Q3 202613 Aug – 6 Oct 2026

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Record buybacks boost Daiwa, but data leak and rival gains weigh

Record buyback wave supports Daiwa's market position Japanese companies authorized a record 12.7 trillion yen in buybacks from April to August, according to Daiwa data. This shows Daiwa's market influence and a strong shareholder-return trend that supports brokerage activity and share prices.
It highlights a positive business trend and Daiwa's role as data source, which can lift sentiment.
Customer data leak at vendor hits Daiwa Daiwa Securities said about 110,000 customers' data may have leaked after unauthorized access at an outsourced vendor. This raises regulatory and reputational risk, which can pressure the stock until the issue is resolved.
It is a new negative event directly tied to Daiwa, affecting trust and compliance.
Mizuho-Rakuten alliance overtakes Daiwa in custody assets Mizuho Securities and Rakuten Securities now hold 121.7 trillion yen in combined custody assets, surpassing Daiwa's 116 trillion yen. This signals Daiwa losing ground to a rival, which could weigh on its competitive position and valuation.
It shows a competitive threat that may affect Daiwa's market share and pricing power.
Daiwa advances blockchain settlement with stablecoins Daiwa participated in Project Trinity's second phase, settling digital securities using stablecoins. This positions Daiwa at the forefront of blockchain-based settlement, a potential long-term efficiency and revenue driver.
It shows Daiwa embracing new technology that could improve its operations and competitiveness.

September 202613 Aug – 6 Oct 2026

▲2▼2

Record buybacks boost Daiwa, but data leak and rival gains weigh

Record buyback wave supports Daiwa's market position Japanese companies authorized a record 12.7 trillion yen in buybacks from April to August, according to Daiwa data. This shows Daiwa's market influence and a strong shareholder-return trend that supports brokerage activity and share prices.
It highlights a positive business trend and Daiwa's role as data source, which can lift sentiment.
Customer data leak at vendor hits Daiwa Daiwa Securities said about 110,000 customers' data may have leaked after unauthorized access at an outsourced vendor. This raises regulatory and reputational risk, which can pressure the stock until the issue is resolved.
It is a new negative event directly tied to Daiwa, affecting trust and compliance.
Mizuho-Rakuten alliance overtakes Daiwa in custody assets Mizuho Securities and Rakuten Securities now hold 121.7 trillion yen in combined custody assets, surpassing Daiwa's 116 trillion yen. This signals Daiwa losing ground to a rival, which could weigh on its competitive position and valuation.
It shows a competitive threat that may affect Daiwa's market share and pricing power.
Daiwa advances blockchain settlement with stablecoins Daiwa participated in Project Trinity's second phase, settling digital securities using stablecoins. This positions Daiwa at the forefront of blockchain-based settlement, a potential long-term efficiency and revenue driver.
It shows Daiwa embracing new technology that could improve its operations and competitiveness.

Latest13 Aug – 6 Oct 2026

▲2▼2

Record buybacks boost Daiwa, but data leak and rival gains weigh

Record buyback wave supports Daiwa's market position Japanese companies authorized a record 12.7 trillion yen in buybacks from April to August, according to Daiwa data. This shows Daiwa's market influence and a strong shareholder-return trend that supports brokerage activity and share prices.
It highlights a positive business trend and Daiwa's role as data source, which can lift sentiment.
Customer data leak at vendor hits Daiwa Daiwa Securities said about 110,000 customers' data may have leaked after unauthorized access at an outsourced vendor. This raises regulatory and reputational risk, which can pressure the stock until the issue is resolved.
It is a new negative event directly tied to Daiwa, affecting trust and compliance.
Mizuho-Rakuten alliance overtakes Daiwa in custody assets Mizuho Securities and Rakuten Securities now hold 121.7 trillion yen in combined custody assets, surpassing Daiwa's 116 trillion yen. This signals Daiwa losing ground to a rival, which could weigh on its competitive position and valuation.
It shows a competitive threat that may affect Daiwa's market share and pricing power.
Daiwa advances blockchain settlement with stablecoins Daiwa participated in Project Trinity's second phase, settling digital securities using stablecoins. This positions Daiwa at the forefront of blockchain-based settlement, a potential long-term efficiency and revenue driver.
It shows Daiwa embracing new technology that could improve its operations and competitiveness.