Stifel Financial Corporation (NYSE:SF) is set to announce second quarter earning results on Wednesday 29th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SF to report 2Q20 income of $ 1.05 per share from revenue of $ 817.50 million.
For the full year, analysts anticipate top line of $ 3247.40 million, while looking forward to income of $ 3.92 per share bottom line.
Previous Quarter Performance
Stifel Financial Corporation unveiled income for the first quarter of $ 1.20 per share, from the revenue of $ 913.03 million. The consensus estimates are income of $ 1.37 per share from $ 845.96 million in revenue. The bottom line results missed street analysts by $ 0.17 or 12.41 percent, at the same time, top line results outshined analysts by $ 67.07 million or 7.93 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SF was $ 46.72, representing a 50.08 % increase from the 52 week low of $ 31.13 and a 32.39 % decrease over the 52 week high of $ 69.10.
The company has a market capital of $ 3.20 billion and is part of the Financial Services sector and Capital Markets industry.
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Recent Analyst recommendations
- On 10th July 2020, maintained by Wells Fargo & Co at Underweight rating, with $ 44.00 target price.
- On 23rd June 2020, initiated by Credit Suisse Group at Neutral rating, with $ 52.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.17 per share on May 6, 2020. The dividend were payable on June 15, 2020 to holders of record as of the close of business on June 1, 2020 and ex-dividend date on May 29, 2020.
Conference Call
Stifel Financial Corporation will be hosting a conference call at 9:30 AM eastern time on 29th July 2020, to discuss its 2Q20 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.
