Jul. 30 at 3:51 PM
$SF Stifel Financial Jumps on Q2 Beat, Record Advisor Hiring
Stifel Financial rose 3.8% after reporting Q2 EPS of
$1.71 on
$1.28B revenue, topping estimates (
$1.61 EPS,
$1.23B rev.). It marked a record Q2 and third-strongest quarter ever.
The firm added 82 advisors, its best hiring in a decade, including 36 from RILY via a deal that brought $ 4B in client assets. Total assets hit
$516.5B (+9% YoY); fee-based assets grew 15%.
CEO Kruszewski credited improving market sentiment as tariff and tax policy became clearer. Wealth management revenue rose 2% YoY to $ 846M.
The company didn’t address pending legal fallout tied to ex-broker Chuck Roberts, including a
$132.5M arbitration award under court review.
