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Jun 30, 2020
Stifel Q2 2020 Earnings Report
Reported net revenues and earnings per share that were the third highest in the company's history. Institutional Group had a record quarter led by record fixed income brokerage revenue and strong investment banking results.
Key Takeaways
Stifel Financial Corp. reported net income available to common shareholders of $103.0 million, or $1.39 per diluted common share on net revenues of $895.8 million for the three months ended June 30, 2020. The company's Institutional Group had a record quarter and strong investment banking results.
Net revenues of $895.8 million, increased 11.9% with the year-ago quarter, were the Company’s third highest quarterly net revenues.
Record Institutional Group net revenues and fixed income brokerage revenues.
Net income available to common shareholders of $103.0 million, or $1.39 per diluted common share.
Non-GAAP net income available to common shareholders of $115.3 million, or $1.55 per diluted common share.
Stifel
Stifel
Stifel Revenue by Segment
Revenue by Segment
Global Wealth Mgmt Revenue
CapyFin.comInstitutional Group Revenue
CapyFin.com Forward Guidance
The company enters the third quarter with a strong and liquid balance sheet and solid recruiting pipeline, remaining cautiously optimistic about the future.
Positive Outlook
- Strong and liquid balance sheet
- Strongest capital ratios in nearly four years
- Solid and improving recruiting pipeline
Challenges Ahead
- Economic outlook for the second half of the year remains unclear
Revenue & Expenses
Visualization of income flow from segment revenue to net income