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ST. LOUIS - Stifel Financial Corp. (NYSE:SF) reported third-quarter earnings that exceeded analyst expectations On Wednesday.
The company’s shares edged up 1% in pre-market trading following the announcement.
The financial services company posted adjusted earnings per share of $1.95 for the quarter ended September 30, 2025, surpassing the analyst estimate of $1.89. Revenue reached a record $1.43 billion, significantly above the consensus estimate of $1.33 billion and up 16.7% from $1.22 billion in the same quarter last year.
Stifel’s strong performance was driven by a 33% increase in investment banking revenues and a 20% rise in transactional revenues compared to the year-ago quarter. The company also reported record asset management revenues, which grew 13% YoY, and record client assets of $544 billion, up 10% from the previous year.
"Our third-quarter results once again highlight the strength of Stifel’s balanced business model and disciplined execution," said Ronald J. Kruszewski, Chairman and Chief Executive Officer. "We delivered record net revenue of more than $1.4 billion and $1.95 in earnings per share, the third highest in our history, driven by record results in Global Wealth Management and a 34% increase in Institutional revenue."
The company’s Global Wealth Management segment reported record net revenues of $907.4 million, a 10% increase from the prior year, while the Institutional Group saw net revenues rise 34% to $500.4 million.
During the quarter, Stifel repurchased $31.2 million of its outstanding common stock and declared a quarterly dividend of $0.46 per share.
Looking ahead, Kruszewski expressed optimism about future opportunities: "With record investment banking pipelines, record client assets, and an integrated wealth and banking platform that continues to gain momentum, Stifel is well positioned to build on its success."
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