Stifel Posts Record Q1 Revenue but Shares Fall 10.3%

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Summary · why it matters

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.

Impact on assets 5

Financials± Mixed
Stifel Financial Corporation
SF
▼ NegativeCapitalrelevance

Stifel Financial posted record Q1 revenue of $1.44B and beat EPS estimates, but shares fell 10.3% since announcement.

Evercore Partners Inc
EVR
▲ PositiveCapitalrelevance

Evercore posted record Q1 revenues of $1.40B, up 100% YoY and beating estimates by 16.6%, driving a 9.8% stock gain.

Perella Weinberg Partners
PWP
▼ NegativeCapitalrelevance

Perella Weinberg's Q1 revenues fell 29.7% to $148.9M, missing estimates by 10.5%, causing a 29.7% stock decline.

Morgan Stanley
MS
▲ PositiveCapitalrelevance

Morgan Stanley reported Q1 revenues of $20.58B, up 16% and beating estimates by 4%.

Digital Finance & Tokenization▲
Charles Schwab Corp
SCHW
± MixedCapitalrelevance

Charles Schwab reported Q1 revenues of $6.48B, up 15.8% and in line with expectations; no material impact.