2024-02-02 02:22:18 ET
Summary
- Stifel Financial's recent stock outperformance is warranted, taking into account its latest quarterly results and its recent shareholder capital return moves.
- SF's shares have the potential to rise further, considering the company's positive FY 2024 outlook and the stock's attractive valuations.
- I make no changes to my existing Buy rating for SF, after reviewing its Q4 2023 financial performance and evaluating its capital appreciation potential.
Elevator Pitch
Stifel Financial Corp. ( SF ) shares are still worthy of a Buy rating.
The company is returning a higher proportion of its excess capital to shareholders, and its recent Q4 2023 financial performance surpassed expectations. Therefore, Stifel Financial's recent stock outperformance is warranted....
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Stifel Financial Stock Still Has Legs To Run