Stifel Posts Record $1.46 Q3 EPS but $1.43B Revenue Misses Consensus
SF is trading near its 52-week low of $65.68 (2.0% above the low).
Summary
Stifel reported Q3 revenue of $1.43B, flat year over year and about 1% below consensus, while EPS hit a record $1.46, up 12%. The split result follows the September 8-K that guided Q3 revenue flat on a 15% decline in something, so the top line landed where management signaled. Record wealth management and Treasury deposit growth (61% in August) are carrying the quarter while the revenue miss keeps the stock pinned near its 52-week low of $65.68. The market will weigh whether record EPS on flat revenue is enough to break the stock out of its slump.
At the time of this announcement, SF was trading at $67.00 on NYSE in the Finance sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $65.68 to $89.83. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.