SF - Stifel Financial: Earnings Beat Reinforces My Buy Rating

2024-04-30 23:25:42 ET

Summary

• Stifel Financial's top line and bottom-line beat the market's expectations in Q1 2024, as the investment banking business' actual first quarter revenue turned out to be a positive surprise.
• SF's management commentary and third-party market research indicate that it is highly probable the company's investment banking business continues to perform well for the rest of 2024.
• A Buy rating for Stifel Financial is retained following an assessment of its quarterly results and full-year prospects.

Elevator Pitch

I rate Stifel Financial Corp. ( SF ) stock as a Buy.

My earlier write-up published on February 2, 2024 drew attention to SF's "capital appreciation potential." This update reviews Stifel Financial's latest quarter financial results....

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