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Jun 30, 2024
Stifel Q2 2024 Earnings Report
Stifel's Q2 2024 results were released, revealing the second-highest quarterly net revenue in company history, driven by solid year-on-year gains across all operating segments.
Key Takeaways
Stifel Financial Corp. reported strong Q2 2024 results, with net revenues of $1.2 billion, a 15.9% increase compared to the previous year. Net income available to common shareholders was $156.0 million, or $1.41 per diluted common share, while non-GAAP net income was $176.6 million, or $1.60 per diluted common share. The company benefited from improved market conditions and strong performance in its Institutional Group.
Net revenues reached $1.2 billion, the second-highest in company history.
Non-GAAP net income available to common shareholders was $1.60 per diluted common share.
Record asset management revenues, up 19% year-over-year.
Client assets reached a record $474.1 billion, up 14% year-over-year.
Revenue by Segment
Forward Guidance
Stifel anticipates a strong second half of 2024, based on current market trends.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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