2024-01-24 13:21:05 ET
Stifel Financial Corp. (SF)
Q4 2023 Earnings Conference Call
January 24, 2024 09:30 AM ET
Company Participants
Joel Jeffrey - Head, Investor Relations
Ron Kruszewski - Chairman & Chief Executive Officer
Jim Marischen - Chief Financial Officer
Conference Call Participants
Devin Ryan - JMP Securities
Alex Blostein - Goldman Sachs
Bill Katz - TD Cowen
Steven Chubak - Wolfe Research
Chris Allen - Citi
Brennan Hawken - UBS
Presentation
Operator
Good day, and welcome to the Stifel Financial Fourth Quarter Financial Results Conference Call. As a reminder today's call is being recorded.
At this time, I'd like to turn the call over to Mr. Joel Jeffrey, Head of Investor Relations at Stifel Financial. Please go ahead.
Joel Jeffrey
Thank you operator. I'd like to welcome everyone to Stifel Financial's fourth quarter and full year 2023 conference call. I'm joined on the call today by our Chairman and CEO, Ron Kruszewski; our Co-Presidents, Victor Nesi and Jim Zemlyak; and our CFO, Jim Marischen. Earlier this morning we issued an earnings release and posted a slide deck and financial supplement to our website, which can be found on the Investor Relations page at www.stifel.com.
I would note that some of the numbers that we state throughout our presentation are presented on a non-GAAP basis and I would refer to our reconciliation of GAAP to non-GAAP as disclosures in our press release.
I would also remind listeners to refer to our earnings release financial supplement and our slide presentation for information on forward-looking statements and non-GAAP measures. This audio cast is copyrighted material by Stifel Financial and may not be duplicated, reproduced or rebroadcast without the consent of Stifel Financials.
I will now turn the call over to our Chairman and CEO Ron Kruszewski.
Ron Kruszewski
Thanks Joel. To our guests, good morning, and thank you for taking the time to listen to our fourth quarter and full year 2023 conference call. Let's begin by discussing our year-end 2023, whereby, Stifel generated strong results in an operating environment that was less than ideal. The benefits of our diversified business model enabled us to successfully navigate market conditions that included increased geopolitical risks, tightening of financial conditions, primarily due to significant increases in short-term rates and quantitative tightening by the Federal Reserve both implemented to control inflation and the failure of three major banks in the United States....
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Stifel Financial Corp. (SF) Q4 2023 Earnings Call Transcript