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Stifel Financial (DE:2SI)
:2SI
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.91Last Year’s EPS
1.46Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 12.72%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment with significant revenue growth and improvements across various segments, especially in Investment Banking and advisory services. However, challenges such as higher compensation ratios and legal expenses were noted. Overall, the positive aspects, including the record-breaking revenues and improved cash trends, outweigh the lowlights.Company Guidance
During the Stifel Financial third quarter 2024 earnings call, the company's executives provided a robust outlook bolstered by strong financial metrics. They reported a net revenue of $1.23 billion, marking a 17% increase year-on-year and the second highest in the company's history. Earnings per share for the quarter totaled $1.50, up 150% from the same period last year, and would have been $1.60 excluding legal reserves. The quarter saw a 4% increase in net interest income (NII) and a noteworthy $370 million rise in sweep deposit balances. The Institutional business witnessed a 66% surge in Investment Banking revenue, while Wealth Management experienced a 15% growth in commissions and principal transactions. Despite some challenges, the company remains optimistic, projecting continued momentum into the fourth quarter and beyond, with expectations for further revenue growth and operational leverage in 2025.Second Highest Quarterly Revenue
Net revenue of $1.23 billion was the second highest in the company's history, up 17% year-on-year.
Investment Banking Surge
Investment Banking increased 66% with capital raising revenue more than doubling and advisory revenue increasing by 41%.
EPS Growth
Third quarter earnings per share totaled $1.50, up 150% from the same period last year, with adjusted EPS at $1.60 representing a 36% increase.
Asset Management Revenue
Record asset management revenue was up 15%, reflecting organic growth and market appreciation.
Positive Cash Trends
Sweep deposit balances increased by nearly $370 million, marking the first quarterly increase since Q1 2022.
Improved Loan Growth
Average interest earning asset levels increased by nearly $650 million, with significant growth in residential mortgages, C&I, and fund banking loans.
Strong Advisory Revenue
Advisory revenue was $137 million, up 41% from last year, with significant contributions from health care, technology, and industrial verticals.
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DE:2SI 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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DE:2SI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | €93.16 | €92.16 | -1.07% |
| Jul 24, 2024 | €74.37 | €74.86 | +0.67% |
| Apr 24, 2024 | €71.50 | €71.50 | 0.00% |
| Jan 24, 2024 | €63.26 | €64.73 | +2.33% |
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 (DE:2SI) report earnings?
Stifel Financial (DE:2SI) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Stifel Financial (DE:2SI) earnings time?
Stifel Financial (DE:2SI) earnings time is at Jan 22, 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 the P/E ratio of Stifel Financial stock?
The P/E ratio of Stifel Financial is N/A.
What is DE:2SI EPS forecast?
DE:2SI EPS forecast for the fiscal quarter 2024 (Q4) is 1.91.
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