Stifel Financial Corp. (SF) Q3 2024 Earnings Call Transcript Summary
Stifel Financial Corp. (SF) Q3 2024 Earnings Call Transcript Summary
Net interest income increased by 4% reaching the high end of their guidance, with sweep deposit balances up by nearly $370 million.The following is a summary of the Stifel Financial Corp. (SF) Q3 2024 Earnings Call Transcript:
以下是Stifel Financial Corp.（SF）2024年第三季度業績電話會議摘要：
Financial Performance:
金融業績：
Stifel reported a net revenue of $1.23 billion for Q3 2024, marking a 17% year-on-year increase. This quarter was the second highest in the company's history.
Earnings per share (EPS) were $1.50, a 150% increase from the same period last year. Excluding legal reserves, the adjusted EPS would have been $1.60, representing a 36% year-over-year increase.
Net interest income increased by 4% reaching the high end of their guidance, with sweep deposit balances up by nearly $370 million.
Year-to-date, Stifel has generated a record net revenue of $3.6 billion, up 13%.
Stifel報告2024年第三季度淨營業收入爲12.3億美元，同比增長17%。本季度是公司歷史上排名第二的業績。
每股收益（EPS）爲1.50美元，較去年同期增長150%。排除法律準備金後，調整後的每股收益爲1.60美元，同比增長36%。
淨利息收入增長4%，達到他們指引的較高端，掃描存款餘額增加近37000萬美元。
截至目前，Stifel已實現創紀錄的36億美元淨營業收入，增長13%。
Business Progress:
業務進展：
The Wealth Management franchise continues to drive growth, with a record revenue of $827 million and pre-tax margins of 37%.
Stifel added 28 advisors during the quarter, enhancing its platform's productivity and client asset management.
The company is focusing on a conservative growth strategy, managing interests and Smart Rates effectively to adapt to interest rate changes.
财富管理業務持續推動增長，創下82700萬美元的歷史紀錄營收和37%的稅前利潤率。
Stifel在本季度增加了28名顧問，提升了其平台的生產力和客戶資產管理。
公司專注於保守增長策略，有效管理利益和Smart Rates以適應利率變化。
Opportunities:
機會：
Stifel anticipates further revenue growth and operational improvements as markets continue to normalize, aiming to capitalize on their investment in the business.
The company is positioned well to benefit from increasing client assets aiming towards a target of $1 trillion, backed by its top-ranking in Employee Advisor Satisfaction by J.D. Power.
隨着市場繼續逐漸恢復正常，Stifel預計進一步增長營業收入並實現運營改進，旨在充分利用其對業務的投資。
該公司定位良好，旨在從不斷增長的客戶資產中受益，目標是1萬億美元，得益於其在J.D. Power的員工顧問滿意度排名第一。
Risks:
風險：
Despite strong overall performance, certain business segments like Asset Management underperformed during the quarter, falling below Street estimates due to lower third-party cash suite revenue.
The ongoing geopolitical risks and the outcome of upcoming elections pose uncertainties that might affect business dynamics going forward.
儘管整體表現強勁，但某些業務板塊如資產管理在本季度表現不佳，由於第三方現金套房收入較低，未達到街頭預期。
持續存在的地緣政治風險和即將到來的選舉結果帶來的不確定性可能會影響未來的業務動態。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
