Report
Michael Wong
EUR 101.80 For Business Accounts Only

Signs Continue to Point to Stifel Having Another Record Year in 2018

While there are some uncertainties in 2018 that could be negatives to earnings, most of Stifel Financials’ revenue lines have tailwinds, so we expect new records for revenue and earnings in 2018. The company reported adjusted earnings of $323 million, or $4.11 per diluted share, on record net revenue of $2.9 billion for 2017. Fourth-quarter earnings were a negative $0.06 per share, as similar to other firms, Stifel took a charge related to deferred tax assets and even accelerated some of its exp...
Underlying
Stifel Financial Corp.

Stifel Financial is a financial holding company. The company's principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. The company's principal activities are: private client services; institutional equity and fixed income sales, trading and research, and municipal finance; investment banking services; and retail and commercial banking. The company has the following segments: Global Wealth Management, which provides securities transaction, brokerage, and investment services; and Institutional Group, which includes research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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