Stifel Financial Beats Expectations as Revenue Grows 14% in Full Year 2024
Stifel Financial's full-year 2024 results surpassed analyst expectations, with revenue growing 14% to US$4.94 billion and net income increasing by 43% to US$694.1 million. The company's profit margin expanded to 14%, driven by higher revenue, while earnings per share (EPS) rose 6.0%. This growth is attributed in part to the Global Wealth Management segment, which contributed a total revenue of US$3.26 billion.
- The strong performance of Stifel Financial highlights the resilience of the global wealth management industry, which has been less affected by market volatility compared to other sectors.
- How will this trend impact the overall market dynamics and competition in the financial services sector in the coming years?