Stifel Q2 Net Revenue Up 15.9% to $1.2 Billion; Diluted EPS $1.41
Stifel Financial reported second quarter 2024 net revenues of $1.2 billion, up 15.9% from $1.05 billion a year earlier, and net income available to common shareholders of $156.0 million, or $1.41 per diluted share, versus $1.10 in the second quarter of 2023. Non-GAAP diluted EPS was $1.60, compared with $1.20, after excluding merger-related and restructuring and severance costs, so shareholders saw higher revenue and earnings year over year.
Key points
- Net revenues of $1.2 billion ($1,217.9 million), up 15.9% from $1.05 billion in Q2 2023.
- GAAP diluted EPS of $1.41 vs. $1.10 a year earlier; non-GAAP diluted EPS of $1.60 vs. $1.20.
- Institutional Group pre-tax net income of $48.8 million, compared with a pre-tax loss of $11.6 million in Q2 2023.
- The company's 4.25% Senior Notes matured on July 18, 2024, retiring the $500.0 million outstanding balance; Q2 stock repurchases totaled $17.6 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.