Stifel

Stifel Reports First Quarter 2024 Results ST. LOUIS, April 24, 2024 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.2 billion for the three months ended March 31, 2024, compared with $1.1 billion a year ago. Net income available to common shareholders was $154.3 million, or $1.40 per diluted common share, compared with $148.2 million, or $1.28 per diluted common share for the first quarter of 2023. Non-GAAP net income available to common shareholders was $163.3 million, or $1.49 per diluted common share for the first quarter of 2024. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said “Total net revenue of more than $1.16 billion was our second highest quarterly net revenue ever, as the momentum we highlighted at the end of 2023 carried into the first quarter. Record Global Wealth Management revenue and improving market conditions for our Institutional Group drove our top […]

TD Cowen analyst Bill Katz maintains Stifel Financial with a Outperform and raises the price target from $86.5 to $92.

Stifel Financial Corp. (NYSE:SF) today reported selected operating results for January 31, 2024 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “Client assets under administration and fee-based assets increased 1% from the prior month and reached record levels of $447 billion and $167 billion, respectively, as we continue to benefit from strong equity markets and solid recruiting pipelines. Client money market and insured products declined by 1% from year-end levels as the expected seasonal decline in sweep deposits was partially offset by the increase in Smart Rate balances. Overall client cash, inclusive of money market funds and short-term treasuries, was essentially flat in January compared to the prior month.” Selected Operating Data (Unaudited) As of % Change (millions) 1/31/2024

Stifel Financial Corp. (NYSE:SF) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 5.63% UBS $74 → $78 Maintains Neutral 01/09/2024 0.22% UBS $62 → $74 Maintains Neutral 01/04/2024 12.41% TD Cowen → $83 Initiates Coverage On → Outperform 10/10/2023 11.05% JMP Securities $86 → $82 Maintains Market Outperform 07/27/2023 16.47% JMP Securities → $86 Reiterates Market Outperform → Market Outperform 07/10/2023 16.47% JMP Securities $91 → $86 Maintains Market Outperform 06/30/2023 23.24% JMP Securities → $91 Reiterates Market Outperform → Market Outperform 05/22/2023 23.24% JMP Securities $91 → $91 Reiterates Market Outperform → Market Outperform 04/27/2023 23.24% JMP Securities → $91 Reiterates → Market Outperform 04/11/2023 -11.97% Citigroup $72 → $65 Maintains Neutral 04/10/2023 23.24% JMP Securities $95 → $91 Maintains Market Outperform 03/13/2023 28.66% JMP Securities → $95 Reiterates → Market Outperform 01/10/2023 28.66% JMP Securities $98 → $95 Maintains

UBS analyst Brennan Hawken maintains Stifel Financial (NYSE:SF) with a Neutral and raises the price target from $74 to $78.

The following is a summary of the Stifel Financial Corp. (SF) Q4 2023 Earnings Call Transcript: Financial Performance: Stifel Financial reported net revenue of approximately $4.4 billion in 2023. The firm successfully deployed $630 million of excess capital, which included rebuying 7.2 million shares and distributing $211 million in common and preferred dividends. The Board has announced a 17% increase in the annual dividend from $1.44 to $1.68 per share. Q4 net revenue was $1.15 billion, marking a 2% YoY increase, and EPS grew 150% sequentially due to higher revenues and lower non-comp operating expenses. Net interest income stood at $273 million, but was negatively impacted by higher deposit costs and larger average cash balances. Tier 1 leverage capital decreased 30 basis points sequentially. Business Progress: Despite the industry-wide slowdown, Stifel achieved relatively flat M&A advisory revenue and increased the number of financial advisors by 30% in 2023 compared to

Stifel Reports Fourth Quarter and Full Year Results ST. LOUIS, Jan. 24, 2024 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today reported net revenues of $1.15 billion for the three months ended December 31, 2023, compared with $1.12 billion a year ago. Net income available to common shareholders of $153.2 million, or $1.38 per diluted common share, compared with $167.3 million, or $1.43 per diluted common share for the fourth quarter of 2022. Non-GAAP net income available to common shareholders of $166.6 million, or $1.50 per diluted common share for the fourth quarter of 2023. Net revenues of $4.35 billion for the year ended December 31, 2023 compared to $4.39 billion a year ago. Net income available to common shareholders of $485.3 million, or $4.28 per diluted common share, compared with $624.9 million, or $5.32 per diluted common share in 2022. Non-GAAP net income available to common shareholders of

Stifel Financial Corp. (NYSE:SF) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 6.46% UBS $62 → $74 Maintains Neutral 01/04/2024 19.41% TD Cowen → $83 Initiates Coverage On → Outperform 10/10/2023 17.97% JMP Securities $86 → $82 Maintains Market Outperform 07/27/2023 23.72% JMP Securities → $86 Reiterates Market Outperform → Market Outperform 07/10/2023 23.72% JMP Securities $91 → $86 Maintains Market Outperform 06/30/2023 30.92% JMP Securities → $91 Reiterates Market Outperform → Market Outperform 05/22/2023 30.92% JMP Securities $91 → $91 Reiterates Market Outperform → Market Outperform 04/27/2023 30.92% JMP Securities → $91 Reiterates → Market Outperform 04/11/2023 -6.49% Citigroup $72 → $65 Maintains Neutral 04/10/2023 30.92% JMP Securities $95 → $91 Maintains Market Outperform 03/13/2023 36.67% JMP Securities → $95 Reiterates → Market Outperform 01/10/2023 36.67% JMP Securities $98 → $95 Maintains Market Outperform 11/22/2022 -91.37% UBS → $6 Initiates

Stifel Financial Corp. (NYSE:SF) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 20.41% TD Cowen → $83 Initiates Coverage On → Outperform 10/10/2023 18.96% JMP Securities $86 → $82 Maintains Market Outperform 07/27/2023 24.76% JMP Securities → $86 Reiterates Market Outperform → Market Outperform 07/10/2023 24.76% JMP Securities $91 → $86 Maintains Market Outperform 06/30/2023 32.02% JMP Securities → $91 Reiterates Market Outperform → Market Outperform 05/22/2023 32.02% JMP Securities $91 → $91 Reiterates Market Outperform → Market Outperform 04/27/2023 32.02% JMP Securities → $91 Reiterates → Market Outperform 04/11/2023 -5.7% Citigroup $72 → $65 Maintains Neutral 04/10/2023 32.02% JMP Securities $95 → $91 Maintains Market Outperform 03/13/2023 37.82% JMP Securities → $95 Reiterates → Market Outperform 01/10/2023 37.82% JMP Securities $98 → $95 Maintains Market Outperform 11/22/2022 -91.3% UBS → $6 Initiates Coverage On → Neutral 10/12/2022 -12.96% Citigroup →

ST. LOUIS, Dec. 21, 2023 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE:SF) today reported selected operating results for November 30, 2023 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “In November, client money market and insured balances increased by more than 1% from October’s levels, as cash sorting activity continues to slow. Total client assets increased by 6% and total fee-based assets increased by 7% from the prior month, driven by strong equity and fixed income markets, as well as continued recruiting activity. Institutional Group revenues have improved from third quarter levels as investment banking activity increased from the prior quarter. Delays in M&A closings, however, continue to impact revenue.” Selected Operating Data (Unaudited) As of % Change (millions)