Investment banking and brokerage stocks have been reviewed for their first quarter performance, with various companies being benchmarked against their peers. However, some reports appear to be discussing fourth quarter earnings instead, creating uncertainty about the specific time period being examined. The reviews cover the performance of several investment banking and brokerage companies, including Moelis, Perella Weinberg, Stifel, Piper Sandler, Houlihan Lokey, Morgan Stanley, PJT, and BGC.