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Stifel Financial Corp (SF)
NYSE:SF
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.79Last Year’s EPS
1.49Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -4.09%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a strong financial performance for Stifel Financial in 2024, with record-breaking revenue and growth in key segments such as Global Wealth Management and Investment Banking. Despite some challenges like the decline in net interest income and higher non-comp expenses, the overall outlook remains positive, bolstered by dividend increases and a favorable market environment for 2025.Company Guidance
In the fourth quarter of 2024, Stifel Financial reported record net revenue of $1.36 billion, marking a 5% increase from its previous high in Q4 2021. Key metrics included a 46% increase in earnings per share and a pretax margin exceeding 20%. Global Wealth Management set new records with $865 million in revenue, driven by robust client asset growth to $501 billion, alongside a 23% return on tangible common equity. Institutional revenue saw a 33% year-over-year rise to $478 million, with investment banking revenue surging by nearly 50%. The firm's net interest income remained stable, with a 3.12% net interest margin and balance sheet growth anticipated to further bolster NII in 2025. Looking ahead, Stifel forecasts total net revenue between $5.25 billion and $5.75 billion for 2025, targeting a 56% to 58% compensation ratio and non-comp operating ratios between 19% and 21%. The firm also announced a 10% increase in its common stock dividend to $1.84 per share.Record-Breaking Revenue and Growth
Stifel Financial generated record net revenue for the year 2024, driven by strong performance in Global Wealth Management and significant growth in institutional revenue. Earnings per share increased by 46%.
Global Wealth Management Success
Global Wealth Management recorded another record year with record client assets and growth in transactional activity. The segment's revenue was a record $865 million with pretax margins of 37%.
Institutional Revenue Rebound
Institutional segment revenue increased by more than $360 million year-over-year, marking the second-highest annual revenue for the business.
Strong Investment Banking and Advisory Revenue
Investment Banking revenue increased nearly 50% in the fourth quarter, with advisory revenue up 47% year-over-year and capital raising revenue showing strong growth.
Dividend Increase
Stifel's Board authorized a 10% increase in the common stock dividend to $1.84 per share, reflecting confidence in the company's financial position.
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SF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $115.21 | $117.51 | +2.00% |
| Oct 23, 2024 | $100.14 | $100.85 | +0.71% |
| Jul 24, 2024 | $81.67 | $83.87 | +2.69% |
| Apr 24, 2024 | $76.83 | $77.22 | +0.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stifel Financial Corp (SF) report earnings?
Stifel Financial Corp (SF) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Stifel Financial Corp (SF) earnings time?
Stifel Financial Corp (SF) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SF EPS forecast?
SF EPS forecast for the fiscal quarter 2025 (Q1) is 1.79.
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