earnings
confidence high
sentiment positive
materiality 0.80
Stifel Q2 net revenue $1.45B, diluted EPS $1.34; non-GAAP EPS $1.42, up 25% YoY
STIFEL FINANCIAL CORP
- Net revenue $1.45B (+13% YoY); net income available to common $217.2M ($1.34 diluted EPS) vs $145.7M ($0.89) a year ago.
- Non-GAAP net income available to common $229.3M ($1.42 diluted EPS), up 24.6% YoY.
- Global Wealth Management net revenue $956.5M (+13% YoY), pre-tax $361.8M; Institutional Group net revenue $480.7M (+14.5% YoY), pre-tax $92.2M.
- Investment banking revenue up 42% YoY; record client assets $580.1B (+12% YoY).
- Repurchased $177M of common stock in Q2; quarterly dividend $0.34 per share.