Stifel Financial Second Quarter 2024 Earnings: Beats Expectations

Stifel Financial (NYSE:SF) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.21b (up 17% from 2Q 2023).
• Net income: US$156.0m (up 25% from 2Q 2023).
• Profit margin: 13% (in line with 2Q 2023).
• EPS: US$1.50 (up from US$1.16 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Stifel Financial Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Stifel Financial that you should be aware of.

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