Stifel Financial reports Q1 non-GAAP EPS 49c vs. $1.49 last year

Reports Q1 revenue $1.26B, consensus $1.27B. Ronald Kruszewski, CEO, said “Our net revenue of $1.26B marks the highest first-quarter revenue in our history, with year-over-year growth across all revenue lines. The investments we’ve made in our business and our focus on delivering valued advice drove growth in both our Global Wealth Management and Institutional Group – despite the headwinds from market volatility and a significant legal charge. We remain optimistic about long-term growth, emphasizing the resilience of U.S. financial markets and the value our advice-driven model delivers during periods of uncertainty.”