earnings
confidence high
sentiment positive
materiality 0.80
Stifel Q2 net revenue $1.22B (+16% YoY); EPS $1.41 GAAP, $1.60 non-GAAP
STIFEL FINANCIAL CORP
2024-Q2 EPS reported
$2.82
revenue$2,882,954,000
- GAAP net income available to common $156.0M, diluted EPS $1.41 vs $1.10 YoY; non-GAAP EPS $1.60.
- Record asset management rev. $380.7M (+19% YoY); advisory rev. up 50%, capital raising up 29%.
- Global Wealth Mgmt net rev. $801.1M (record); Institutional Group net rev. $390.7M (+41%), swung to profit.
- Record client assets $474.1B (+14%); recruited 42 financial advisors; non-GAAP pre-tax margin 20.6%.
- $500M 4.25% Senior Notes matured July 18; $17.6M share repurchases in Q2; TBVPS $32.00 (+4%).