earnings
confidence high
sentiment positive
materiality 0.65
Stifel Q1 net revenue $1.16B, up 5% YoY; non-GAAP EPS $1.49 vs $1.40
STIFEL FINANCIAL CORP
2024-Q1 EPS reported
$1.40
revenue$1,417,693,000
- Net revenue $1.16B (second-highest quarter); GAAP diluted EPS $1.40, non-GAAP $1.49.
- Global Wealth Management record revenue $790.5M (+4% YoY); client assets $467.7B (+15% YoY).
- Institutional Group revenue $351.4M (+6% YoY); capital raising revenues up 56% YoY.
- S&P upgraded credit rating to BBB; quarterly dividend raised to $0.42/share (+17% YoY).
- Repurchased $159.3M of common stock in Q1; non-GAAP pre-tax margin 19.8%.