What Happened?

A number of stocks fell in the morning session after Financial Sector Retreats as Treasury Yields Surge Ahead of Fed Policy Meeting. Treasury yields climbed to multi-year highs and rising oil prices fueled inflation concerns ahead of the Federal Reserve’s interest-rate decision. The 10-year U.S. Treasury yield pushed above 5% — its highest level since 2007 — as a global bond selloff intensified ahead of the Fed’s September policy meeting, according to Bloomberg. Rising benchmark yields and elevated energy costs renewed pressure on interest-rate-sensitive assets, heightening funding and credit concerns for leveraged financial institutions and prompting a rotation away from recent market leaders. Broader equity benchmarks also weakened as higher long-end yields weighed on valuations and dampened investor sentiment across financial markets.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Investment Banking & Brokerage company Lazard (NYSE: LAZ) fell 3%. Is now the time to buy Lazard? Access our full analysis report here, it’s free.
• Investment Banking & Brokerage company Perella Weinberg (NASDAQ: PWP) fell 3.4%. Is now the time to buy Perella Weinberg? Access our full analysis report here, it’s free.
• Payment Processing company Shift4 (NYSE: FOUR) fell 3.1%. Is now the time to buy Shift4? Access our full analysis report here, it’s free.
• Diversified Capital Markets company StoneX (NASDAQ: SNEX) fell 3.4%. Is now the time to buy StoneX? Access our full analysis report here, it’s free.
• Personal Loan company Atlanticus Holdings (NASDAQ: ATLC) fell 3.1%. Is now the time to buy Atlanticus Holdings? Access our full analysis report here, it’s free.

Zooming In On Perella Weinberg (PWP)

Perella Weinberg’s shares are very volatile and have had 24 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was about 2 months ago when the stock gained 17.5% on the news that the company reported second-quarter results that crushed Wall Street's profit expectations. The company announced adjusted earnings per share of $0.20, more than triple the analysts' consensus estimate of $0.06 and a significant increase from $0.09 in the same quarter last year. Revenues for the quarter came in at $156.5 million, which was flat year-on-year but still beat expectations by 8.1%. The firm's pre-tax profit margin was 3.9%, in line with the prior year's quarter. The strong bottom-line performance demonstrated effective cost management, pleasing investors despite the flat top-line growth.

Perella Weinberg is down 23% since the beginning of the year, and at $13.51 per share, it is trading 44.5% below its 52-week high of $24.34 from February 2026. Investors who bought $1,000 worth of Perella Weinberg’s shares 5 years ago would now be looking at only $968.46.

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