Stifel Q1 revenue beats on investment banking strength

Stifel Financial

22/04/2026 12:13

Overview

US financial services firm's Q1 net revenue rose 18% yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company repurchased $224 mln of shares during Q1

Outlook

Company says client engagement remains high across wealth management and institutional segments

Stifel says investment banking pipelines are among the strongest it has seen

Company expects to be well positioned for a strong 2026 if market risks remain within expectations

Result Drivers

INVESTMENT BANKING SURGE - Investment banking revenues rose 44% yr/yr, with advisory up 59% and capital raising up 22%, driven by more completed transactions and higher deal volumes

ASSET MANAGEMENT GROWTH - Asset management revenues rose 12% yr/yr, reflecting higher asset values due to improved market conditions and net new asset growth

GAIN ON BUSINESS SALE - Recognition of a gain on the sale of Stifel Independent Advisors, which closed in Q1, contributed to revenue

Company press release: ID:nGNX1mnpWs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.48 bln
$1.44 bln (5 Analysts)
Q1 Adjusted EPS
Beat
$1.45
$1.39 (7 Analysts)
Q1 EPS
$1.48
Q1 Adjusted Net Income
$237.50 mln
Q1 Net Income
$242.10 mln
Q1 ROCE
17.90%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

Wall Street's median 12-month price target for Stifel Financial Corp is $88.50, about 7.6% above its April 21 closing price of $82.27

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)