Stifel Financial Corp (SF)
NYSE:SF
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Stifel Financial
(NYSE:SF)
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Rating:74Outperform
Price Target:
$86.00
â–²(4.47% Upside)
Action:ReiteratedDate:05/04/26
The score is driven primarily by solid and improving financial performance and a strong, confidence-boosting earnings call with reiterated guidance and robust capital/buybacks. Attractive valuation (low P/E with a dividend) supports the rating, while mixed technicals and business cyclicality/macro uncertainty temper it.
Positive Factors
Improved leverage and capital position
A materially lower debt-to-equity (~0.14) gives the firm durable financial flexibility: it supports regulatory buffers, funds buybacks/dividends, and reduces refinancing risk. This stronger capital base enhances resilience to market shocks and underpins long-term strategic options.
Negative Factors
Meaningful margin compression vs earlier years
A multi-year decline in net margin erodes long-term earnings power even if revenues grow. Persistent compression suggests structural headwinds—mix shifts toward lower-margin activities or higher operating costs—which can limit sustainable ROE and the firm's ability to fund capital returns without revenue outperformance.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and capital position
A materially lower debt-to-equity (~0.14) gives the firm durable financial flexibility: it supports regulatory buffers, funds buybacks/dividends, and reduces refinancing risk. This stronger capital base enhances resilience to market shocks and underpins long-term strategic options.
Read all positive factors
Stifel Financial (SF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.74B
Dividend Yield1.43%
Average Volume (3M)1.38M
Price to Earnings (P/E)7.6
Beta (1Y)1.33
Revenue Growth9.07%
EPS Growth45.94%
CountryUS
Employees8,887
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)8.30
Shares Outstanding153,794,390
10 Day Avg. Volume1,052,406
30 Day Avg. Volume1,379,786
Financial Highlights & Ratios
PEG Ratio-2.09
Price to Book (P/B)1.44
Price to Sales (P/S)1.36
P/FCF Ratio7.14
Enterprise Value/Market Cap0.83
Enterprise Value/Revenue1.49
Enterprise Value/Gross Profit1.73
Enterprise Value/Ebitda6.69
Forecast
1Y Price Target
$85.50Price Target Upside3.86% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)6.25
Revenue Forecast (FY)$6.03B
Stifel Financial Business Overview & Revenue Model
Company Description
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 State...
How the Company Makes Money
Stifel primarily makes money through a mix of fee-based and transaction-based financial services revenue. In its Global Wealth Management business, revenue is generated from (1) advisory and asset management fees charged as a percentage of client ...
Stifel Financial Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operating and financial beats: record revenue, higher EPS, robust investment banking and wealth management results, improved margins and a solid capital position. Most operational challenges were either one‑time items (SIA sale, prior legal accrual) or manageable headwinds (modest NII shortfall, deposit and sweep volatility, European restructuring). Management expressed caution about macro and geopolitical uncertainty and flagged potential long‑term structural risks (agentic AI and sweep cash optimization), but emphasized diversified franchise strength, disciplined lending, and confidence in 2026 guidance and capital flexibility.Positive Updates
Record Quarterly Revenue and Strong YoY Growth
Net revenues of $1.48 billion, up 18% year‑over‑year; excluding the nonrecurring SIA sale gain, revenue grew 15%. Non‑GAAP revenues were $1.44 billion, in line with consensus.
Negative Updates
Nonrecurring Items and Legal Headwinds Affect Comparability
Quarter included a nonrecurring gain from the sale of Stifel Independent Advisers and an interest charge on a legal judgment; prior year had an unusual $180 million legal accrual that complicates YoY comparisons.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarterly Revenue and Strong YoY Growth
Net revenues of $1.48 billion, up 18% year‑over‑year; excluding the nonrecurring SIA sale gain, revenue grew 15%. Non‑GAAP revenues were $1.44 billion, in line with consensus.
Read all positive updates
Company Guidance
Management reiterated confident 2026 guidance and gave specific forward metrics: Q2 net interest income of $280–$290 million and a full‑year NII guide of $1.1–$1.2 billion, with up to $4 billion of asset growth targeted for 2026; they noted Q1 comp ratio at 57.5% (at the high end of guidance) and an operating non‑comp ratio around the midpoint (~19%), firm‑wide pretax margin above 22% and Institutional pretax margin near 20%, and strong capital (Tier 1 leverage 11.4%, Tier 1 risk‑based capital 18.7%) with roughly $560 million of excess capital versus a 10% leverage target; they repurchased 2.8 million shares in Q1, have ~10.2 million shares remaining under authorization and expect a fully diluted share count of ~163.1 million in Q2 assuming no further buys — all tempered by commentary that outcomes depend on geopolitical, credit and interest‑rate uncertainty.Stifel Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.51B | 6.30B | 5.89B | 5.10B | 4.54B | 4.72B |
| Gross Profit | 5.60B | 5.45B | 4.88B | 4.27B | 4.30B | 4.69B |
| EBITDA | 1.45B | 933.50M | 1.01B | 788.15M | 955.33M | 1.13B |
| Net Income | 882.21M | 683.78M | 731.38M | 522.54M | 662.15M | 824.86M |
Balance Sheet | ||||||
| Total Assets | 42.89B | 41.59B | 39.90B | 37.73B | 37.20B | 34.05B |
| Cash, Cash Equivalents and Short-Term Investments | 4.49B | 2.28B | 3.00B | 3.68B | 3.84B | 4.08B |
| Total Debt | 849.05M | 2.18B | 2.77B | 2.92B | 1.84B | 2.32B |
| Total Liabilities | 36.91B | 35.61B | 34.21B | 32.43B | 31.87B | 29.01B |
| Stockholders Equity | 5.98B | 5.98B | 5.69B | 5.29B | 5.33B | 5.03B |
Cash Flow | ||||||
| Free Cash Flow | 878.54M | 1.20B | 416.65M | 447.35M | 1.08B | 683.92M |
| Operating Cash Flow | 924.06M | 1.26B | 490.44M | 499.33M | 1.16B | 872.09M |
| Investing Cash Flow | -1.56B | -1.76B | -2.31B | 1.04B | -4.32B | -6.97B |
| Financing Cash Flow | -365.26M | 91.25M | 980.10M | -254.58M | 3.19B | 5.79B |
Stifel Financial Technical Analysis
Positive
82.32
Price Trends
75.97
Positive
80.06
Positive
77.54
Positive
Market Momentum
1.84
Negative
71.05
Negative
89.64
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SF, the sentiment is Positive. The current price of 82.32 is above the 20-day moving average (MA) of 75.39, above the 50-day MA of 75.97, and above the 200-day MA of 77.54, indicating a bullish trend. The MACD of 1.84 indicates Negative momentum. The RSI at 71.05 is Negative, neither overbought nor oversold. The STOCH value of 89.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SF.
Stifel Financial Risk Analysis
Stifel Financial disclosed 27 risk factors in its most recent earnings report. Stifel Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Stifel Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $12.64B | 9.65 | 42.67% | 0.95% | 47.30% | 68.64% | |
75 Outperform | $5.54B | 19.90 | 22.08% | 1.63% | 31.21% | 32.50% | |
74 Outperform | $11.74B | 7.56 | 15.43% | 1.43% | 9.07% | 45.94% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $10.50B | 24.90 | 20.14% | 1.33% | 17.97% | 22.58% | |
62 Neutral | $4.11B | 10.47 | 30.96% | 4.06% | 9.04% | -13.29% | |
53 Neutral | $9.93B | 13.64 | 7.08% | 2.52% | 1.91% | 2.34% |
* Financial Sector Average
SF
Stifel Financial
76.36
18.02
30.88%
EVR
Evercore Partners
319.05
109.58
52.31%
JEF
Jefferies
48.57
1.21
2.56%
LAZ
Lazard
43.76
4.43
11.27%
PIPR
Piper Sandler
77.67
17.59
29.28%
HLI
Houlihan Lokey
150.45
-11.62
-7.17%
Stifel Financial Corporate Events
Business Operations and StrategyFinancial Disclosures
Stifel Highlights Growth in Client Assets and Investment Banking
Positive
Mar 26, 2026
On March 26, 2026, Stifel Financial Corp. reported selected operating data for Feb. 28, 2026, highlighting growth in core client assets following the Feb. 2, 2026 sale of Stifel Independent Advisors, LLC. Excluding assets tied to the divested unit...
Business Operations and StrategyFinancial Disclosures
Stifel Financial Reports Record Client Assets and Deposits
Positive
Feb 26, 2026
On February 26, 2026, Stifel Financial Corp. reported selected unaudited operating data as of January 31, 2026, highlighting record total client assets of $561.1 billion and fee-based client assets of $229.4 billion, up 10% and 16% year over year,...
Business Operations and StrategyPrivate Placements and Financing
Stifel Financial Expands Credit Facility with New Agreement
Positive
Feb 4, 2026
On February 4, 2026, Stifel Financial Corp. and its brokerage subsidiary Stifel Nicolaus Company entered into an amended and restated unsecured revolving credit agreement with a lender syndicate led by Bank of America, replacing and terminating c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.