Stifel Financial reports Q4 adjusted EPS $1.50, consensus $1.31

Reports Q4 revenue $1.15B, consensus $1.07B. Tangible book value per common share of $31.28, up 2% from prior year. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said “Stifel’s strong 2023 results underscore the importance of our diversified business model as the operating environment was less than ideal. Given our position as a premier wealth management firm and middle market investment bank, as well as the increased scale of our business, we see significant opportunities for top and bottom line growth as market conditions improve.”