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Dec 31, 2019
Stifel Q4 2019 Earnings Report
Stifel reported record fourth quarter and full-year results.
Key Takeaways
Stifel Financial Corp. reported record fourth-quarter results, with net revenues of $944.3 million and net income available to common shareholders of $125.8 million, or $1.62 per diluted common share. Non-GAAP net income available to common shareholders was $146.6 million, or $1.88 per diluted common share. The company's performance was driven by record net revenues in Global Wealth Management and Institutional Group segments, as well as a significant increase in investment banking revenues.
Stifel achieved record quarterly net revenues of $944.3 million, a 14.9% increase over the previous record quarter.
The company reported record quarterly net income available to common shareholders of $125.8 million, or $1.62 per diluted common share.
Stifel's non-GAAP net income available to common shareholders reached a record $146.6 million, or $1.88 per diluted common share.
Client assets reached a record $329.5 billion, a 22.1% increase compared to the year-ago quarter.
Stifel
Stifel
Stifel Revenue by Segment
Revenue by Segment
Global Wealth Mgmt Revenue
CapyFin.comInstitutional Group Revenue
CapyFin.com Forward Guidance
Stifel is optimistic about its success in 2020, citing a strong market environment, record client assets, robust recruiting and investment banking pipelines, and incremental revenue from recent acquisitions.
Positive Outlook
- The market environment remains strong.
- Stifel enters the year with record client assets.
- The company has robust recruiting.
- There is a strong investment banking pipeline.
- Incremental revenue is expected from the six acquisitions closed in 2019.
Revenue & Expenses
Visualization of income flow from segment revenue to net income