Deal PipelineMoelis acknowledged that some deals are being shelved, with backlog down, although the vast majority of deals are just pushed back.
UncertaintyMoelis did not commit to a comp ratio or framework due to uncertainty around tariff policies and their impact on the M&A pipeline.
ValuationThe current valuation is already reasonably reflecting the normalized potential in the business under current estimates, suggesting the risk/reward in the stock is relatively balanced versus peers.