Stifel Financial reports Q1 adjusted EPS $1.49, consensus $1.46

Reports Q1 revenue $1.2B, consensus $1.14B. Ronald Kruszewski, Chairman and CEO, said “Total net revenue of more than $1.16 billion was our second highest quarterly net revenue ever, as the momentum we highlighted at the end of 2023 carried into the first quarter. Record Global Wealth Management revenue and improving market conditions for our Institutional Group drove our top and bottom line growth from the same period a year ago. While the outlook for the remainder of 2024 is not without risk, I remain cautiously optimistic that our diversified business will continue to generate strong returns for this year and beyond.”