SF Earnings Prediction
The chart below shows how SF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SF sees a -4.54% change in stock price 10 days leading up to the earnings, and a +2.63% change 10 days following the report. On the earnings day itself, the stock moves by +1.95%. This data can give you a slight idea of what to expect for the next quarter's release.
SF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.59B
15.87%
9.13%
Gross Margin
--
--
--
Operating Margin
31.04%
-5.11%
-3.15%
Net Margin
15.32%
29.61%
41.07%
EPS
2.09
51.45%
55.97%
No Data Available
SF Earnings Analysis
Stifel Financial Corp Corporation (SF.N) Earnings Conference Call
Positive
Record Net Revenue Growth: Record net revenue of $1.36 billion, surpassing the previous record by 5%, with all revenue line items showing meaningful growth year-over-year.
Record Revenue Achievement: Global Wealth Management achieved record revenue of $865 million, with pre-tax margins of 37%, driven by record asset management revenue and strong transactional activity.
Investment Banking Revenue Surge: Investment banking revenue increased by nearly 50%, with advisory revenue up 47% year-over-year, reflecting strong performance in capital raising and advisory services.
Earnings Per Share Surge: Earnings per share rose to $2.23, a nearly 50% increase from the same period last year, highlighting significant profitability growth.
Dividend Increase Announcement: The board authorized a 10% increase in the common stock dividend to $1.84 per share, demonstrating confidence in the company's financial strength and commitment to returning value to shareholders.
Negative
Net Interest Income Decline: Net interest income declined by $110 million due to Federal Reserve rate cuts, significantly impacting overall revenue despite record net revenue of $1.36 billion.
Compensation Ratio Analysis: The compensation ratio was 58%, slightly above expectations, indicating higher costs associated with employee compensation relative to revenue generation.
Increased Non-Compensation Expenses: Non-compensation expenses were 9% higher than street expectations, driven by increased provision and legal expenses, which negatively impacted overall profitability.
Credit Loss Provisions Increase: The provision for credit losses totaled $12 million, negatively impacted by macroeconomic forecasts and increased reserves on commercial and industrial loans, indicating potential credit quality concerns.
Client Cash Decline: Client cash levels saw a decline in January, with sweep balances down by a couple of hundred million dollars, suggesting reduced liquidity and potential challenges in maintaining client engagement.
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SF Earning Call Sentiment
Earnings call transcript: Stifel Financial Q4 2024 beats expectations
SF.N
0.56%Positive
The earnings call reveals strong financial performance with significant revenue and EPS growth, a 10% dividend increase, and share repurchases. Despite concerns about retail loan demand, the Q&A indicates optimism for future growth, especially in recruiting and FICC business. The management's conservative guidance for 2025 suggests confidence. Positive market reaction is expected, with a potential stock price increase of 2% to 8% over the next two weeks, driven by strong earnings, dividend hike, and optimistic future outlook.