Stifel declares $0.34 quarterly common stock dividend and preferred stock dividends
Stifel Financial Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock, payable September 15, 2026, to shareholders of record on September 1, 2026. The Board also declared quarterly cash dividends on its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B, 6.125% Non-Cumulative Perpetual Preferred Stock, Series C, and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D, for the period from June 16, 2026, to September 15, 2026. The Series B dividend equates to approximately $0.390625 per depositary share, the Series C dividend to approximately $0.3828125 per depositary share, and the Series D dividend to approximately $0.281250 per depositary share, all payable on the same September 15 date to shareholders of record on September 1.
GlobeNewswire·21dRead more ▾
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Intuitive Surgical Shares Plunge 12% as ACA Subsidy Expiration Hits Procedure Growth
Intuitive Surgical shares fell more than 12% before the bell on July 17 after the company acknowledged that the expiration of enhanced Affordable Care Act subsidies is affecting demand for elective procedures performed with its da Vinci surgical robots. US da Vinci procedure growth slowed to roughly 12% in the second quarter, below the company’s expectations at the start of the year, with CEO David Rosa noting that fluctuating patient coverage and premium dynamics influence when patients seek care. The selloff occurred despite Intuitive beating consensus estimates for revenue, earnings, system placements, and procedure growth in the same quarter, and maintaining its global procedure-growth forecast. The company’s results appear to support HCA Healthcare’s earlier warning of lower surgical demand and rising uninsured patients, contradicting Abbott’s view that blaming industry-wide weakness on ACA disenrollment was a flawed assumption. Stifel cut its price target on Intuitive to $550 from $670 while keeping a Buy rating, and the stock’s forward P/E ratio has fallen to about 33x, near the low end of its five-year range and roughly in line with the medical device peer group average.
Insider Monkey·30dRead more ▾
Stifel Financial Earnings Beat Puts Valuation Back in Focus
Stifel Financial's second quarter 2026 results exceeded revenue and earnings expectations, driven by stronger wealth management trends, a rebound in investment banking, and ongoing share repurchases. The stock has gained 16.67% over the past month and 4.74% in the last week to reach $80.82, though it remains down 5.52% year to date. A widely followed narrative pegs fair value at $85.88, implying the stock is 5.9% undervalued, while the Simply Wall St discounted cash flow model estimates intrinsic value at $68.48, suggesting the shares are overvalued. The bullish case highlights record results, AI-driven productivity gains, and buybacks, while bears point to an 18% premium to intrinsic value under the DCF view.
Simply Wall St·31dRead more ▾
Stifel Financial Reports Record First-Half Revenue of $2.9 Billion
Stifel Financial Corp posted second-quarter net revenue of $1.45 billion, a 13% year-over-year increase, contributing to a record first-half net revenue of $2.9 billion, up 15% from the prior record. Non-GAAP earnings per share reached $1.42 for the quarter, a 25% rise, while first-half earnings per share climbed 28% to $2.87. Global wealth management revenue hit a record $957 million, and institutional revenue grew 15% to $481 million, driven by a 42% surge in investment banking revenue. The company repurchased 2.4 million shares during the quarter and reported a return on tangible common equity of approximately 24%.
GuruFocus·35dRead more ▾
Stifel Financial to report Q2 earnings on July 22
Stifel Financial is scheduled to announce its second quarter earnings results on Wednesday, July 22nd, before market open. The consensus earnings per share estimate is $1.36, a decline of 20.5% year-over-year, while the consensus revenue estimate is $1.43 billion, an increase of 10.0% year-over-year. Over the last two years, the company has beaten earnings per share estimates and revenue estimates 100% of the time. In the past three months, earnings per share estimates have seen two upward revisions and three downward revisions, and revenue estimates have seen one upward revision and four downward revisions.
Seeking Alpha·36dRead more ▾
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Eaton Partners hires Mickey Brunton as Co-Head of GP-led Secondaries
Eaton Partners, a wholly-owned subsidiary of Stifel Financial Corp., has appointed Mickey Brunton as Managing Director and Co-Head of GP-led Secondaries within its Private Capital Advisory group. Brunton joins from Connaught LLC, where he was Head of Secondaries and originated approximately $500 million in secondary transactions. He previously advised on more than $4 billion in secondary transactions at Jefferies. Alongside Brunton, three other former Connaught professionals—Stephen Sellman, Matt Reynolds, and Darian Brill—also join Eaton Partners. The firm has raised more than $140 billion across over 190 alternative investment funds and offerings since its founding in 1983.
GlobeNewswire·37dRead more ▾
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Stifel Shares Drop 12.7% Over Six Months, Underperforming S&P 500
Stifel Financial shares have fallen 12.7% over the past six months, underperforming the S&P 500's 8.4% gain, with the stock now trading at $75.21. Despite the decline, the company's revenue grew at a 7.5% compound annual rate over five years, slightly above the average financials firm. Earnings per share surged at a 32.9% annual rate over the last two years, outpacing revenue growth and signaling improved profitability. Stifel also posted a five-year average return on equity of 13.2%, above the sector average of around 10%. The stock currently trades at 11.7 times forward earnings.
Yahoo Finance·44dRead more ▾
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Wedbush Adds Veteran Advisor Steve Schwary in Newport Beach
Wedbush announced that veteran financial advisor and portfolio manager Steve Schwary has joined its Wealth Management division as a financial advisor in Newport Beach, California. Schwary brings more than 30 years of industry experience serving individuals, families, and multi-generational clients through personalized portfolio management and comprehensive wealth planning. He previously served as First Vice President, Investments at Stifel Financial Corp, and spent over 15 years as First Vice President, Investments and Senior PIM Portfolio Manager at Wells Fargo Advisors. Schwary began his career at Smith Barney as First Vice President and Senior Portfolio Manager. He cited Wedbush's entrepreneurial culture and commitment to advisor independence as key factors in his decision to join the firm.
GlobeNewswire·61dRead more ▾
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Stifel Reports May 2026 Operating Data, Expects Strong Investment Banking Revenue Growth
Stifel Financial reported selected operating results for May 31, 2026. Total client assets rose 16% year-over-year to $579.7 billion, while fee-based client assets increased 20% to $238.7 billion, excluding the impact of the Stifel Independent Advisors sale. Bank loans, net, grew 13% from a year ago to $23.9 billion, and treasury deposits surged 76% to $10.8 billion. Chairman and CEO Ronald J. Kruszewski noted that investment banking momentum remains strong, with second-quarter investment banking revenue expected to increase 25% to 30% from the second quarter of 2025.
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Stifel Posts Record Q1 Revenue but Shares Fall 10.3%
Stifel Financial reported first-quarter revenues of $1.44 billion, up 14.8% year on year and in line with analyst expectations, but its stock dropped 10.3% since the announcement. The firm, one of 15 investment banking and brokerage stocks tracked, delivered record quarterly results with earnings per share of $1.48, beating estimates. In contrast, Evercore posted the strongest performance among peers with revenues of $1.40 billion, a 100% year-on-year surge that exceeded expectations by 16.6%, sending its shares up 9.8%. Perella Weinberg was the weakest, with revenues falling 29.7% to $148.9 million, missing estimates by 10.5% and causing a 29.7% stock decline. Morgan Stanley reported revenues of $20.58 billion, up 16% and beating estimates by 4%, while Charles Schwab's $6.48 billion in revenues, up 15.8%, met expectations.
StockStory·64dRead more ▾
Cloud & Digital Infrastructure▲
ITG targets $2.67 billion valuation in U.S. IPO
Digital infrastructure company ITG plans to raise up to $429.3 million through its initial public offering on the Nasdaq, targeting a maximum valuation of $2.67 billion. The Hendersonville, Tennessee-based firm will offer 19.5 million Class A common shares at a price range of $19 to $22 per share. ITG provides outsourced services to broadband operators, fiber providers, wireless carriers, data center operators and utilities, supporting network construction and maintenance across 49 states. The company reported a $2.9 billion backlog at the end of 2025, with $1.3 billion expected to be completed within the next fiscal year, though its customer base is highly concentrated with Comcast and Charter Communications representing 60% of revenue in 2025. Morgan Stanley, Citigroup, UBS Investment Bank and Stifel serve as joint bookrunners, and the shares will trade under the ticker symbol ITG.
Investing.com·65dRead more ▾