Stifel Financial Corp. · SF-PB · FY2025 Q4 · Calendar Q1 2026

Stifel posts a record year as wealth and investment banking accelerate

The supplied analysis supports a constructive thesis for Stifel: record results, resilient wealth and investment-banking demand, adviser recruiting, and balance-sheet initiatives provide a foundation for continued growth. The main tests are execution, compensation discipline, fixed-income volatility, and the durability of market-sensitive activity.

Reported Before market openNYSEFinancial Services $11.13B market cap
75quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.75 Consensus $1.67
EPS surprise +4.8% Reported versus consensus
Reported revenue $1.56B Consensus $1.51B
Revenue surprise +3.3% Reported versus consensus

Market reaction

unavailable
Stock move — Event window
SPY move — Same window
Abnormal move — Stock minus SPY
Volume — Versus trailing sessions
Subsequent drift — Up to 20 sessions
Price and volume data were unavailable at publication time.

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How did the market react to SF-PB FY2025 Q4 earnings, and why?What changed in SF-PB's guidance and outlook in FY2025 Q4?Give me the bull and bear case for SF-PB after FY2025 Q4 earnings.

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Transcript intelligence

What changed

The supplied analysis highlights a record 2025, including the first annual revenue result above $5 billion in the company’s history, stronger wealth management and institutional investment banking, and a 50% year-over-year increase in investment-banking revenue. It also identifies maintained 2026 guidance and expanded recruiting, lending, and capital-allocation priorities.

Guidance delta

Maintained; the supplied analysis cites 2026 revenue guidance of $6–6.35 billion, lower compensation ratios, and continued margin expansion.

Key takeaways

  • The supplied analysis describes record revenue and earnings, with the integrated model supported by wealth management and institutional investment banking.
  • Investment-banking revenue rose 50% year over year, according to the supplied analysis.
  • Advisor recruiting, fee-based asset growth, lending, and depository M&A were identified as key growth drivers.
  • Capital strength and shareholder distributions remain part of the plan, alongside continued investment in recruiting and technology.

Management priorities

  • Accelerate wealth-advisor recruiting and improve platform technology
  • Expand balance-sheet lending, including venture and securities-based lending
  • Pursue depository M&A advisory opportunities and selective acquisitions
  • Continue disciplined capital allocation, including repurchases and dividend growth

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Earnings History

Estimate Beat Miss Match
SF-PB EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q2 '24 actual $1.50, None Q3 '24 actual $1.43, None Q2 '25 estimate $1.61 Q2 '25 actual $1.42, miss Q3 '25 estimate $1.85 Q3 '25 actual $1.92, beat Q4 '25 estimate $1.67 Q4 '25 actual $1.75, beat Q1 '26 estimate $1.38 Q1 '26 actual $1.45, beat Q2 '26 estimate $1.33 Q2 '26 actual $1.42, beat Q3 '26 estimate $1.44 Q3 '26 actual $1.46, beat Q4 '26 estimate $2.02 Q1 '27 estimate $1.64 Q2 '27 estimate $1.74 Q3 '27 estimate $1.76
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Analyst Consensus ?

ConsensusHold15 ratings
Bullish746.7%
Neutral853.3%
Bearish00.0%

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
JMP Securities Market Outperform Market OutperformMaintainOct 9, 2023
Citigroup Neutral NeutralMaintainApr 10, 2023
UBS Neutral NeutralMaintainNov 22, 2022
Wolfe Research Outperform UnderperformUpgradeJun 22, 2021
Wells Fargo Equal Weight Equal WeightMaintainApr 27, 2021
Credit Suisse Neutral NeutralMaintainApr 27, 2021
Goldman Sachs Neutral BuyDowngradeJan 4, 2021
Nomura Buy BuyMaintainJan 31, 2018
Nomura Instinet Buy NeutralUpgradeJan 2, 2018
Macquarie Outperform OutperformMaintainSep 8, 2016
Susquehanna Neutral NeutralMaintainJul 14, 2015
Raymond James Outperform Market PerformUpgradeAug 27, 2013
Sidoti & Co. Buy BuyMaintainAug 18, 2013
Davenport Neutral BuyDowngradeJun 12, 2013
B of A Securities Neutral NeutralMaintainMay 9, 2012
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Company context

Snapshot as of publication

Stifel Financial Corp. is a prominent financial services and bank holding company that delivers a broad spectrum of services. These include wealth management for both retail and institutional clients, alongside comprehensive investment banking solutions. Its diverse clientele comprises individual investors, corporations, municipalities, and institutions across the United States, the United Kingdom, the wider European continent, and Canada. The company's operations are organized into three primary segments: Global Wealth Management, Institutional Group, and Other.…

Historical context

All SF-PB earnings
—FY2026 Q3 · Calendar Q4 2026—FY2026 Q2 · Calendar Q3 2026—FY2026 Q1 · Calendar Q2 2026

Financial Services peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
SEIC SEI Investments Company FY2026 Q3 · Calendar Q4 2026 +3.8% +1.2% SEI Posts Broad Q3 Growth as ETFs and Alternatives Expand
SF Stifel Financial Corp FY2026 Q3 · Calendar Q4 2026 +1.4% -0.6% Stifel posts record Q3 EPS as wealth management and lending lead
CME CME Group Inc. FY2026 Q3 · Calendar Q4 2026 +1.0% +0.2% CME posts record Q3 volume as products and international growth expand
MCO Moody's Corporation FY2026 Q3 · Calendar Q4 2026 -2.6% +1.2% Moody’s Reaffirms Guidance as AI Financing Supports Q3 Growth
NTRS Northern Trust Corporation FY2026 Q3 · Calendar Q4 2026 +11.5% +0.9% Northern Trust posts 40% EPS growth as AI and digital assets expand
NTRSO Northern Trust Corporation FY2026 Q3 · Calendar Q4 2026 +11.1% +0.2% Northern Trust pairs strong Q3 growth with 6–7% Q4 revenue outlook

Latest beats and misses

Who reports next

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Missed on EPS

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-22. For educational purposes only; not investment advice.