Stifel Financial

Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients. The Institutional Group segment is involved in research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate. The Other segment includes interest income from stock borrowing activities, unallocated interest expense, interest income, and gains and losses from investments held. The company was founded in 1890 and is headquartered in St. Louis, MO.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2024

Stifel Financial excels in Q4, eyes $1 trillion assets target

Stifel Financial's Q4 2022 performance reflects strong financial results, growth in client assets, and a strategic focus on long-term value creation.
With a solid balance sheet, substantial excess capital, and plans for dividend growth and acquisitions, Stifel is well-positioned for continued success and market relevance.
Challenges in capital deployment and interest rate management are balanced by opportunities in client programs, NIM expansion, and strategic growth initiatives across business segments.

Stifel Financial reports strong Q1 earnings, eyes growth opportunities

Stifel Financial's Q1 performance showcased resilience and strategic focus amidst market challenges. The company's strengths in capital management, diversified business model, and ability to navigate changing market conditions position it well for growth. Addressing challenges in expense management and revenue normalization while capitalizing on opportunities in recruitment and strategic investments will be key moving forward.

Stifel Financial reports mixed Q2 results, eyes growth opportunities

Stifel Financial's Q2 2023 performance showcased strength in wealth management but challenges in the institutional business, impacting revenue and earnings.
Despite missing consensus estimates, the company's focus on advisor satisfaction, record revenue, and growth in fee-based assets are notable strengths.
Opportunities lie in excess capital for repurchases, stable NII, and potential growth, while challenges include delays in transactions and rising expenses.

Stifel Financial reports solid Q3 earnings amidst market challenges

Stifel Financial's Q3 performance showcased solid net revenue and EPS, despite challenges from legal charges and market conditions.
The company's strengths lie in its consistent growth in Global Wealth Management and focus on capital management strategies.
Challenges include lower investment banking revenue and delays in Institutional Group performance.
Opportunities for growth include potential revenue targets, capital management strategies, and market uncertainties.

Stifel Financial reports robust earnings, eyes growth amid market challenges

Stifel Financial's strong performance in Q4 and full-year 2023, driven by record Global Wealth Management results, showcases resilience in challenging market conditions.
Effective capital deployment, revenue growth, and strategic focus on improving margins position the company well for 2024 despite regulatory uncertainties.
Engagement in investment banking and market expectations for improvements present opportunities for continued growth and profitability.
Addressing challenges in net interest income and legal expenses while leveraging strengths in Institutional Group and MD count growth will be crucial for sustained success.

Stifel Financial excels in Q1 2024, eyes growth opportunities

Stifel Financial's Q1 2024 performance reflects robust revenue growth, operational efficiency, and strategic capital management, positioning the company for continued success.
Despite short-term challenges in net interest income and potential external risks, Stifel remains optimistic about its performance for 2024, leveraging opportunities for growth and revenue diversification.
Focused on client trust, operational discipline, and strategic growth initiatives, Stifel Financial is poised to achieve its revenue and asset targets, driving shareholder value and sustainable growth.
Balancing cost control, revenue diversification, and capital allocation strategies, Stifel Financial demonstrates resilience and adaptability in navigating market dynamics and pursuing long-term value creation.

Stifel Financial excels in Q2 2024 earnings, eyes growth opportunities

Stifel Financial delivered a strong Q2 2024 performance with notable revenue growth and exceeded earnings expectations, driven by diversified business segments.
While facing challenges in net interest income and cash sorting impact, the company's strategic initiatives and focus on growth areas position it well for the future.
Opportunities lie in expanding Institutional business, optimizing asset management revenue, and navigating the competitive landscape to sustain growth and profitability.

Stifel Financial reports strong Q3 earnings, eyes growth opportunities

Stifel Financial's Q3 2024 performance was robust, marked by revenue growth, profitability, and efficient expense management.
While facing challenges in institutional business and market conditions, the company remains optimistic about future growth.
Opportunities lie in leveraging investments, improving institutional business, and capitalizing on market improvements for sustained success.

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Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment consists of two businesses, the Private Client Group and Stifel Bancorp. The Institutional Group segment includes institutional sales and trading. The Other segment refers to interest income from stock borrowing activities, unallocated interest expense, interest income, and gains and losses from investments held. The company was founded in 1890 and is headquartered in St. Louis, MO.

ST. LOUIS, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for January 31, 2024 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

Stifel Reports January 2024 Operating Data

Stifel Financial gets a Buy rating today, agreeing with the bullish consensus today from SA analysts, the quant system, and Wall Street. Key positives include expected EPS growth, growth in its fee-driven segments, proven dividend growth, and a low-risk profile in terms of CRE exposure. Some weaker spots include a dividend yield and forward revenue growth, both behind key peers.

Stifel Financial: A Dividend Grower With Expected 40% EPS Growth In 2024

Stifel (SF) announces an increase in its quarterly dividend by 17% to 42 cents per share. Given the decent liquidity and balance sheet position, this looks sustainable.

Stifel (SF) Rewards Shareholders With a 17% Dividend Hike

ST. LOUIS, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that its Board of Directors has declared a cash dividend on shares of its common stock of $0.42 per share, payable March 15, 2024, to shareholders of record at the close of business on March 1, 2024.

Stifel Raises Quarterly Common Stock Cash Dividend By 17% and Declares Preferred Stock Cash Dividend

Stifel and Subsidiary KBW Recognized for ‘Reopening the IPO Market and Taking More Companies Public Than its Competitors' Stifel and Subsidiary KBW Recognized for ‘Reopening the IPO Market and Taking More Companies Public Than its Competitors'

Stifel Named US Mid-Market Equity House of the Year by International Financing Review

Stifel Financial Corp. (SF) Q4 2023 Earnings Call Transcript

ST. LOUIS, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.15 billion for the three months ended December 31, 2023, compared with $1.12 billion a year ago. Net income available to common shareholders of $153.2 million, or $1.38 per diluted common share, compared with $167.3 million, or $1.43 per diluted common share for the fourth quarter of 2022. Non-GAAP net income available to common shareholders of $166.6 million, or $1.50 per diluted common share for the fourth quarter of 2023.

Stifel Reports Fourth Quarter and Full Year Results

ST. LOUIS, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) will release its fourth quarter & full year 2023 financial results before the market opens on Wednesday, January 24, 2024. The company will host a conference call to review the results at 9:30 a.m. Eastern time that same day. The conference call may include forward-looking statements.

Stifel Financial Schedules Fourth Quarter & Full Year 2023 Financial Results Conference Call

Morgan Stanley

Last summer, the Stifel Financial Corp. 4.50% DEP PFD was recommended to be swapped for the Morgan Stanley 4.250% DP PFD O. With the Fed's projected rate cuts, the call to swap the preferred stocks is reviewed. The Morgan Stanley PFD A 1/1000, a floating preferred stock with a floor rate, is also being considered.

SF.PR.D Vs. MS.PR.O: Better Choice Revisited, Plus 1

ST. LOUIS, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for November 30, 2023 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

Stifel Reports November 2023 Operating Data

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NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2023.

KBW Announces Index Rebalancing for Fourth-Quarter 2023

ST. LOUIS, Mo., Dec. 06, 2023 (GLOBE NEWSWIRE) -- A new Stifel survey finds U.S. consumer views of the importance of brands operating sustainably has reached parity with Europe, but also shows greater consumer concerns about the economy and personal finances. Following three years of near-record inflation, the survey data indicates heightened price sensitivity, just as the holiday shopping season kicks into high gear.

Stifel Survey Finds, Amid Concern Over the Economy and Personal Finances, Sustainability Takes a Back Seat to Price and Value This Holiday Shopping Season

ST. LOUIS, Nov. 22, 2023 (GLOBE NEWSWIRE) -- As part of its expanded partnership with the U.S. Ski Team announced in March, Stifel (NYSE: SF) today unveiled a new series of ad spots and video shorts for the 2023-24 World Cup season to coincide with this weekend's Stifel Killington Cup in Killington, Vermont.

Stifel Unveils Ad Creative Featuring Mikaela Shiffrin

ST. LOUIS, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for October 31, 2023 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

Stifel Reports October 2023 Operating Data

It is likely that Stifel will become more aggressive on share buybacks in the near future, considering the stock's undemanding valuations and management's comments. SF is in a good position to attract more advisors to join its ranks, as it is the top company in terms of staff satisfaction based on a recent survey. My rating for SF is raised to a Buy, as I have a favorable opinion of the company's share repurchases and advisor recruitment.

Stifel Financial: Watch Buybacks And Recruitment (Ratings Upgrade)

ST. LOUIS, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that its Board of Directors has declared a cash dividend on shares of its common stock of $0.36 per share, payable December 15, 2023, to shareholders of record at the close of business on December 1, 2023.

Stifel Declares Quarterly Common Stock Cash Dividend And Declares Preferred Stock Cash Dividend

ST. LOUIS, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced its participation in the Wolfe Research Wealth Symposium Wednesday, November 8, 2023. Ron Kruszewski, Chairman and CEO, is scheduled to present at 3:40 p.m. Eastern time.

Stifel to Present at the Wolfe Research Wealth Symposium

Stifel Financial Corp. (NYSE:SF ) Q3 2023 Earnings Conference Call October 25, 2023 9:30 AM ET Company Participants Joel Jeffrey - SVP, IR Ron Kruszewski - Chairman & CEO James Marischen - CFO Conference Call Participants Steven Chubak - Wolfe Research Devin Ryan - JMP Securities Alex Blostein - Goldman Sachs Brennan Hawken - UBS Operator Good day, and welcome to the Stifel Financial Third Quarter Financial Results Conference Call. Today's conference is being recorded.

Stifel Financial Corp. (SF) Q3 2023 Earnings Call Transcript

Stifel Financial Corp shares fell 5% to $55.88 in early Wednesday trading after the independent investment bank and financial services company reported third-quarter 2023 adjusted earnings per share (EPS) of $0.60, falling far short of the FactSet consensus estimate of $1.29.  Stifel's bottom-line results, however, were impacted by non-recurring legal costs of $0.58 a share related to the industry review by the US Securities and Exchange Commission of off-channel communications.

Stifel Financial stock sags on big time 3Q earnings miss

Stifel Financial Corp.'s stock SFL, +0.55% dropped 5% in premarket trading on Wednesday after the investment bank and financial services company's third-quarter earnings of 60 cents a share missed the FactSet consensus estimate of $1.29 a share. Stifel also had non-recurring legal costs of 58 cents a share related to the industry review by the U.S. Securities and Exchange Commission of off-channel communications.

Stifel's stocks drops after big miss on Q3 earnings estimate partly due to non-recurring legal accruals

ST. LOUIS, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.0 billion for the three months ended September 30, 2023, compared with $1.0 billion a year ago. Net income available to common shareholders was $58.8 million, or $0.52 per diluted common share, compared with $141.8 million, or $1.21 per diluted common share for the third quarter of 2022. Non-GAAP net income available to common shareholders was $67.4 million, or $0.60 per diluted common share for the third quarter of 2023.

Stifel Reports Third Quarter 2023 Results

ST. LOUIS, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) will release its third quarter 2023 financial results before the market opens on Wednesday, October 25, 2023. The company will host a conference call to review the results at 9:30 a.m. Eastern time that same day. The conference call may include forward-looking statements.

Stifel Financial Schedules Third Quarter 2023 Financial Results Conference Call

ST. LOUIS, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that financial advisor Natalea Simmons has joined the firm's Stifel, Nicolaus & Company, Incorporated broker-dealer subsidiary in Frontenac, Missouri.

Financial Advisor Natalea Simmons Joins Stifel In Suburban St. Louis

Firm's SIAccess 2023 Forum evaluated as "resounding success" by top financial advisors ST. LOUIS , Oct. 11, 2023 /PRNewswire/ -- Stifel Financial Corp. (NYSE: SF) today announced that its independent contractor broker-dealer subsidiary, Stifel Independent Advisors, LLC, concluded its highly anticipated SIAccess 2023 Forum.

Stifel Independent Advisors Charts Future of Wealth Management at Three-Day Conference

Sarah Smadja Named Head of EM Sales-UK; EM Sales Veterans Erick Garces and JP Garces Join New York Office Sarah Smadja Named Head of EM Sales-UK; EM Sales Veterans Erick Garces and JP Garces Join New York Office

Stifel Bolsters Emerging Markets Group With New Hires

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