📈 Price History

Ratio Health

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By Category

📊 Peer Medians

About

Stifel Financial Corp. operates as the bank holding company for Stifel, Nicolaus & Company, Incorporated that provides retail and institutional wealth management, and investment banking services to individual, corporations, municipalities, and institutions in the United States, the United Kingdom, Canada, and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other. The company provides private client services, including securities transaction and financial planning services; securities brokerage services, such as the sale of equities, mutual funds, fixed income products, and insurance; institutional equity and fixed income sales, trading and research, and municipal finance services; investment banking services, such as mergers and acquisitions, public offerings, and private placements; and retail and commercial banking services comprising personal and commercial lending programs, as well as deposit accounts. It participates in and manages underwritings for corporate and public finance; and offers financial advisory and securities brokerage services. The company was founded in 1890 and is headquartered in Saint Louis, Missouri.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding SF

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	726.1K	$53.7M	0.07%	Mar 2026
Jim Simons Renaissance Technologies LLC	100.8K	$7.5M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management repeatedly cited record results ('best second quarter in our history', 'record client assets'), specific metrics ($1.28B revenue, $1.71 EPS, 22% ROTCE), and expressed strong optimism about the second half, while acknowledging some uncertainties.

Q3 2025

Confident Specific

Management repeatedly uses phrases like 'another record quarter', 'exceeded street expectations', 'strong momentum', and 'well-positioned'. They cite specific numbers (net revenue >$1.4B, EPS $1.95, ROTCE >24%) and historical comparisons (revenue now exceeds total 2011 annual revenue). No defensive or evasive language.

Q4 2025

Confident Specific

The CEO repeatedly highlighted record revenue ($5.5B), record EPS ($7.92), and strong operating leverage (21% pre-tax margin), citing specific figures like 25% ROTCE and 157% wealth management growth over 10 years.

Q1 2026 latest

Confident Specific

The CEO described results as 'very strong' with specific metrics: net revenues of $1.48B (up 18%), EPS $1.48 GAAP, annualized ROTCE nearly 25%. He acknowledged uncertainties but grounded confidence in long-term performance and diversification.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Record Q1 results, robust 18% revenue growth, and a 25% annualized ROTCE demonstrate earnings power. The CEO provided detailed, reassuring commentary on credit (minimal software exposure, high-quality CLO book) and AI (tailwind, not threat). However, geopolitical uncertainty (Iran, energy prices) is a near-term overhang on investment banking and loan growth. The absence of explicit revenue guidance for Q2 and evasiveness on platform fees leave some ambiguity on net interest income and fee trajectory. Key next quarter watch items: whether loan growth accelerates from the slower Q1, how institutional pipelines convert amidst volatility, and any further updates on the sweep cash debate and potential fee actions.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Record Q1 net revenue $1.48B, EPS $1.45 non-GAAP, ROTCE ~25%.

Revenue & Profitability

GAAP EPS was $1.48 and non-GAAP EPS was $1.45, compared to $0.33 in the prior year (which included a $180 million legal accrual). Non-GAAP revenues were $1.44 billion, roughly in line with consensus. Investment banking revenue was $341 million (up 44% YoY), advisory revenue $218 million (up 59%), and asset management revenues reached a record. Net interest income came in at the lower end of guidance at $280–290 million for Q2.

Outlook

Management expressed confidence in a strong 2026 but noted heightened uncertainty due to geopolitical risks, energy prices, credit spreads, and interest rate volatility, particularly from the Iran conflict. The institutional pipeline is very strong, though the pace of realization depends on these factors. The industry faces debates around stable coin yield and tokenized equities, where Stifel plans to comply with existing regulatory frameworks.

Growth Drivers

Key growth drivers include record Global Wealth Management asset management revenues and advisor productivity, institutional investment banking (up 44% YoY) driven by advisory and equity capital raising, and increasing activity in venture lending and deposit generation (non-wealth client funding up nearly $1.2 billion). Recruiting added trailing 12-month production of ~$80 million. The firm targets $10 billion revenue and $1 trillion in client assets.

Balance Sheet & CapEx

Not discussed in this earnings call beyond noting AI investments that enable advisors, bankers, and support teams to work faster. The firm is in early stages of linking data to new AI tools. No specific capex numbers or infrastructure spending figures were provided.

Margins

Firm-wide pre-tax margin was >22% (up ~1,300 bps YoY, benefiting from revenue growth and European restructuring). Institutional pre-tax margin was nearly 20%. The compensation ratio was 57.5% (high end of full-year guidance) and non-comp ratio was 19% (midpoint of guidance). Management expects continued operating leverage as the year progresses.

Key Risks

Management flagged geopolitical risk (Iran conflict, energy prices) and its potential impact on inflation, credit spreads, and interest rate uncertainty, which could slow M&A and equity capital markets. AI frontier models (e.g., Mythos) raise cybersecurity concerns requiring a national response. Credit risks cited include specific situations (First Brands Group, Tricolor, Medallia) to which Stifel had no exposure. Stifel’s software loan exposure (~$500 million on a $43 billion balance sheet) is not seen as material. Private credit liquidity issues and stable coin/tokenization regulation are also noted.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-22

Q2 2026 saw net revenue rise 13% and EPS climb 25% year-over-year, with record first-half results and strong momentum in wealth management and investment banking. The firm remains on track for its loan growth targets, maintains robust capital, and sees AI as a productivity driver, not a threat.

Q1 2026 Q1 2026 2026-04-22

Record Q1 revenues and EPS driven by broad-based growth in wealth management and investment banking, with strong margins and capital position. Guidance remains positive for 2026, though management notes heightened uncertainty from geopolitical and market risks.

Q4 2025 Q4 2025 2026-01-28

Record 2025 revenue and EPS were driven by strong wealth and institutional segments, with robust advisor recruiting and capital markets activity. 2026 guidance anticipates further growth, improved margins, and continued capital returns, supported by a strong balance sheet and disciplined execution.

Q3 2025 Q3 2025 2025-10-22

Record quarterly revenue and client assets, with EPS of $1.95 and strong performance across both wealth management and institutional segments. Margins, capital ratios, and deposit growth all improved, while management remains optimistic about continued momentum and market opportunities.

Q2 2025 Q2 2025 2025-07-30

Second quarter net revenue and EPS reached record highs, driven by strong wealth management and institutional performance, robust advisor recruiting, and improved market conditions. Strategic acquisitions and AI initiatives support future growth, while capital allocation remains balanced between bank growth and share repurchases.

📊 Analysis Methodology

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