Stifel Financial reports Q3 2026 results with record wealth‑management revenue and flat overall sales
Stifel Financial Corp. posted third‑quarter 2026 net revenue of $1.429 billion, essentially flat year‑over‑year, while non‑GAAP earnings per share came in at $1.46, a 12% increase. Wealth‑management net revenue reached a record $980.3 million, up 8% YoY, whereas the Institutional Group’s revenue fell 14% to $430 million. The firm repurchased $124 million of common stock and added $1.3 billion of loans, boosting net interest income to $302 million.
Why it matters
The non‑GAAP EPS beat analysts’ $1.45 consensus, supporting a modest pre‑market share rise, but flat revenue and a miss on the $1.45 billion estimate temper the reaction. The $124 million share buyback and strong wealth‑management cash flow provide capital for future deployments and may underpin the company’s Q4 guidance for net interest income of $295‑$305 million.
Key facts
- 1Net revenue for Q3 2026 was $1,429 million. investing.com
- 2Non‑GAAP diluted EPS for the quarter was $1.46. tradingview.com
- 3GAAP diluted EPS for the quarter was $1.40. tradingview.com
- 4Wealth‑management net revenue was a record $980.3 million, up 8% YoY. tradingview.com
- 5Institutional Group revenue was $430 million, down 14% YoY. finance.yahoo.com
- 6The company repurchased $124 million of common stock in the quarter. tradingview.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.