Earnings Call Summary | Stifel Financial(SF.US) Q1 2024 Earnings Conference
Earnings Call Summary | Stifel Financial(SF.US) Q1 2024 Earnings Conference
The following is a summary of the Stifel Financial Corp. (SF) Q1 2024 Earnings Call Transcript:
以下是Stifel Financial Corp.（SF）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Stifel Financial Corp. reported Q1 2024 total net revenue of over $1.16 billion, primarily driven by record global wealth management revenue and improved performance in their institutional group.
The company reported a 6% year-on-year increase in operating earnings per share, amounting to $1.49, and a return on tangible common equity of 21%.
The company also reported a 20% pretax margin and managed to improve their Tier 1 leverage ratio by 10 basis points during the quarter.
Key financial metrics such as revenue and net profit were not explicitly provided during the call.
The company is focused on reducing expenses, anticipating increased revenue growth and improved operating efficiency throughout the rest of the year.
Stifel Financial Corp. 報告稱，2024年第一季度總淨收入超過11.6億美元，這主要是由創紀錄的全球财富管理收入及其機構集團業績改善所推動的。
該公司報告稱，每股營業收益同比增長6％，達到1.49美元，有形普通股回報率爲21％。
該公司還報告了20％的稅前利潤率，並設法在本季度將其一級槓桿率提高了10個點子。
電話會議期間沒有明確提供收入和淨利潤等關鍵財務指標。
該公司專注於減少開支，預計在今年餘下的時間裏，收入增長將增加，運營效率的提高。
Business Progress:
業務進展：
Stifel has focused on growth initiatives including strategic hiring and acquisitions with plans to grow the balance sheet significantly this year.
In their institutional group, they expect to see increased activity and revenue as market conditions improve.
For their wealth management business, consistent growth is anticipated, bolstered by their Smart Rate product which mitigates the impact of lower interest rates.
They've invested in their fund and venture banking efforts which continue to bear fruit.
Despite a decrease in financial advisors due to retirements, the company views this as beneficial for the company due to the potential intergenerational changes of assets.
They aim to reach their near-term targets of over $5 billion in revenue and about $8 of earnings per share. Within the next decade, they aim to reach $1 trillion in client assets under management and generate around $10 billion in annual revenue.
Stifel一直專注於增長計劃，包括戰略招聘和收購，並計劃在今年大幅增加資產負債表。
他們預計，隨着市場狀況的改善，他們的機構集團的活動和收入將增加。
他們的财富管理業務預計將持續增長，這得益於他們的智能利率產品，該產品減輕了較低利率的影響。
他們投資了自己的基金和風險銀行業務，並繼續取得成果。
儘管由於退休而減少了財務顧問，但由於資產可能發生代際變化，該公司認爲這對公司有利。
他們的目標是實現收入超過50億美元和每股收益約8美元的短期目標。他們的目標是在未來十年內管理的客戶資產達到1萬億美元，並創造約100億美元的年收入。
More details: Stifel Financial IR
更多詳情： Stifel Financial IR
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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。