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Sep 30, 2024
Stifel Q3 2024 Earnings Report
Stifel's Q3 2024 performance demonstrated strong growth, with increased revenues and earnings.
Key Takeaways
Stifel Financial Corp. reported net revenues of $1.2 billion for Q3 2024, a 17% increase compared to the previous year. Net income available to common shareholders was $149.2 million, or $1.34 per diluted common share. The company's performance was driven by growth in Global Wealth, improvement in the Institutional business, and stabilization of net interest income.
Net revenues increased by 17% to $1.2 billion, the second-highest quarterly revenue in the company's history.
Earnings per share rose by 150% compared to the same quarter last year.
Record client assets reached $496.3 billion, up 20% year-over-year.
Investment banking revenues increased 66%, driven by higher capital raising and advisory revenues.
Revenue by Segment
Forward Guidance
Stifel anticipates further upside to both the top and bottom lines in the fourth quarter and in 2025.
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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