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Mar 31, 2024
Stifel Q1 2024 Earnings Report
Stifel reported strong Q1 2024 results driven by record Global Wealth Management revenue and improving market conditions for the Institutional Group.
Key Takeaways
Stifel Financial Corp. reported net revenues of $1.16 billion for Q1 2024, compared to $1.1 billion a year ago. Net income available to common shareholders was $154.3 million, or $1.40 per diluted common share. Non-GAAP net income available to common shareholders was $163.3 million, or $1.49 per diluted common share.
Net revenues reached $1.2 billion, the second-best quarter in the company's history.
Non-GAAP net income available to common shareholders was $1.49 per diluted common share.
Client assets reached a record $467.7 billion, up 15% over the year-ago quarter.
The company's credit rating was upgraded by S&P Global Ratings to BBB from BBB- with a stable outlook.
Stifel
Stifel
Stifel Revenue by Segment
Revenue by Segment
Global Wealth Mgmt Revenue
CapyFin.comInstitutional Group Revenue
CapyFin.com Forward Guidance
While the outlook for the remainder of 2024 is not without risk, Stifel remains cautiously optimistic that its diversified business will continue to generate strong returns this year and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income