Houlihan Lokey vs Stonex: 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

▼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.

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.

Stonex Group Inc (SNEX)

Q3 202617 Jun – 6 Aug 2026

▲3

StoneX Earnings Surge, Shinhan Deal, RJO Synergies Drive Growth

Record Q2 earnings and revenue surge StoneX reported a 64% jump in operating revenues to $1.57 billion and net income up 143% to $174.3 million, beating estimates. This shows the company is growing fast and making more money, which pushes the stock price up.
This is a major new earnings report that directly shows strong financial performance, a key driver of stock price.
Shinhan Bank partnership expands payments Shinhan Bank chose StoneX Payments as its cross-border payments partner, giving access to over 385 correspondent banks and 140 currencies. This adds a large new client and expands StoneX's reach in Asia, boosting future revenue and the stock price.
This is a new strategic partnership that expands StoneX's customer base and global footprint, a positive growth signal.
Q3 earnings beat and RJO synergies on track StoneX beat Q3 earnings and revenue estimates, with net income up 102% year-over-year. The R.J. O'Brien acquisition is delivering cost savings, targeting $50 million in synergies by early 2027. This confirms strong growth and efficient integration, supporting a higher stock price.
This is the latest earnings report and an update on cost synergies, both key to the company's profitability and stock valuation.
Valuation concerns after big rally Despite strong results, StoneX stock has rallied 110% in six months and now trades at 21 times forward earnings, well above peers. This high valuation means the stock could fall if future results disappoint, acting as a counterweight to the positive news.
This provides a balanced view, highlighting a risk that could limit upside or cause a pullback, important for investors to know.

July 202617 Jun – 6 Aug 2026

▲3

StoneX Earnings Surge, Shinhan Deal, RJO Synergies Drive Growth

Record Q2 earnings and revenue surge StoneX reported a 64% jump in operating revenues to $1.57 billion and net income up 143% to $174.3 million, beating estimates. This shows the company is growing fast and making more money, which pushes the stock price up.
This is a major new earnings report that directly shows strong financial performance, a key driver of stock price.
Shinhan Bank partnership expands payments Shinhan Bank chose StoneX Payments as its cross-border payments partner, giving access to over 385 correspondent banks and 140 currencies. This adds a large new client and expands StoneX's reach in Asia, boosting future revenue and the stock price.
This is a new strategic partnership that expands StoneX's customer base and global footprint, a positive growth signal.
Q3 earnings beat and RJO synergies on track StoneX beat Q3 earnings and revenue estimates, with net income up 102% year-over-year. The R.J. O'Brien acquisition is delivering cost savings, targeting $50 million in synergies by early 2027. This confirms strong growth and efficient integration, supporting a higher stock price.
This is the latest earnings report and an update on cost synergies, both key to the company's profitability and stock valuation.
Valuation concerns after big rally Despite strong results, StoneX stock has rallied 110% in six months and now trades at 21 times forward earnings, well above peers. This high valuation means the stock could fall if future results disappoint, acting as a counterweight to the positive news.
This provides a balanced view, highlighting a risk that could limit upside or cause a pullback, important for investors to know.

Latest17 Jun – 6 Aug 2026

▲3

StoneX Earnings Surge, Shinhan Deal, RJO Synergies Drive Growth

Record Q2 earnings and revenue surge StoneX reported a 64% jump in operating revenues to $1.57 billion and net income up 143% to $174.3 million, beating estimates. This shows the company is growing fast and making more money, which pushes the stock price up.
This is a major new earnings report that directly shows strong financial performance, a key driver of stock price.
Shinhan Bank partnership expands payments Shinhan Bank chose StoneX Payments as its cross-border payments partner, giving access to over 385 correspondent banks and 140 currencies. This adds a large new client and expands StoneX's reach in Asia, boosting future revenue and the stock price.
This is a new strategic partnership that expands StoneX's customer base and global footprint, a positive growth signal.
Q3 earnings beat and RJO synergies on track StoneX beat Q3 earnings and revenue estimates, with net income up 102% year-over-year. The R.J. O'Brien acquisition is delivering cost savings, targeting $50 million in synergies by early 2027. This confirms strong growth and efficient integration, supporting a higher stock price.
This is the latest earnings report and an update on cost synergies, both key to the company's profitability and stock valuation.
Valuation concerns after big rally Despite strong results, StoneX stock has rallied 110% in six months and now trades at 21 times forward earnings, well above peers. This high valuation means the stock could fall if future results disappoint, acting as a counterweight to the positive news.
This provides a balanced view, highlighting a risk that could limit upside or cause a pullback, important for investors to know.