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Sep 30, 2020
Stifel Q3 2020 Earnings Report
Stifel reported an increase in net revenues and net income compared to the year-ago quarter, driven by a diverse business mix and strong growth in both Institutional Group and Wealth Management segments.
Key Takeaways
Stifel Financial Corp. reported net income available to common shareholders of $110.6 million, or $1.46 per diluted common share, on net revenues of $883.3 million for the three months ended September 30, 2020. This compares to a net income of $104.6 million, or $1.34 per diluted common share, on net revenues of $821.6 million for the third quarter of 2019. The company's financial performance was driven by a diverse business mix and strong growth in both Institutional Group and Wealth Management segments.
Net revenues increased by 7.5% compared to the year-ago quarter, reaching $883.3 million.
Net income available to common shareholders was $110.6 million, or $1.46 per diluted common share.
Non-GAAP net income available to common shareholders was $120.5 million, or $1.59 per diluted common share.
Record nine-month Wealth Management revenues were achieved despite declines in net interest income and deposit sweep fees.
Revenue by Segment
Forward Guidance
The financial performance during the quarter, and over the past few years, has been driven by a diverse business mix that’s enabled both our Institutional Group and Wealth Management segments to generate strong growth.
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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