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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For further details see:
Stifel Financial: Earnings Beat Reinforces My Buy Rating