Stifel Financial Corporation (NYSE:SF) investment brokerage firm, is reporting third quarter earnings results on Wednesday 28th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.33 per share.
For the full year, analysts predict revenues of $ 3512.50 million, while looking forward to income of $ 5.44 per share.
Previous Quarter Performance
Stifel Financial Corporation disclosed income for the second quarter of $ 1.55 per share, from the revenue of $ 895.82 million. The quarterly earnings 9.93 percent compared with the same quarter last year. Wall street analysts are predicting, SF to report 2Q20 income of $ 1.05 per share from revenue of $ 817.50 million. The bottom line results beat street analysts by $ 0.5 or 47.62 percent, at the same time, top line results outshined analysts by $ 78.32 million or 9.58 percent.
Stock Performance
Shares of Stifel Financial Corporation traded low $ -0.10 or -0.16 percent on Tuesday, reaching $ 61.44 with volume of 647.40 thousand shares. Stifel Financial Corporation has traded high as $ 62.16 and has cracked $ 61.16 on the downward trend
According to the previous trading day, closing price of $ 61.44, representing a 97.69 % increase from the 52 week low of $ 31.13 and a 10.94 % decrease over the 52 week high of $ 69.10.
The company has a market capital of $ 4.21 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by JMP Securities at Market Outperform rating, with $ 67.00 target price.
Conference Call
Stifel Financial Corporation will be hosting a conference call at 9:30 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.stifel.com
Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other. It provides private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading and research, and municipal finance services; investment banking services, such as mergers and acquisitions, public offerings, and private placements; and retail and commercial banking services comprising personal and commercial lending programs, as well as deposit accounts.
