Stifel Financial (SF) Tops Q1 EPS by 11c
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Stifel Reports First Quarter 2019 Financial Results
April 30, 2019 6:00 AM EDTNet revenues of $770.4 million, increased 2.7% compared with the year-ago quarter.Record net revenues and pre-tax operating income in Global Wealth Management.Net income available to common shareholders of $96.9 million, or $1.22 per diluted common share.Non-GAAP net income available to common shareholders of $104.5 million, or $1.32 per diluted common share.Record client assets of $300.0 billion, increased 9.2% compared with the year-ago quarter and 11.2% sequentially.Bank net interest margin of 3.17% increased 28 basis points sequentially.Non-GAAP return on tangible common equity of 22.3%.Increase in quarterly dividend by 25% to $0.15 per common... More
