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Stifel Reports Record Fourth Quarter and Full-Year Results


Stifel Reports Record Fourth Quarter and Full-Year Results
25
th consecutive year of record net revenues of $3.8 billion, an increase of 12.4% compared with 2019.
Quarterly record net revenues of $1.1 billion, an increase of 20.0% over the third quarter of 2020.
Record quarterly net income available to common shareholders of $180.8 million, or $1.55 per diluted common share.
(1)
Record non-GAAP net income available to common shareholders of $195.1 million, or $1.67 per diluted common share.
(1)
Annualized return on average tangible common shareholders’ equity
(2) was 30.8%.
(2) was 33.3%.
Increasing quarterly dividend by approximately 32% to $0.15 per common share starting in first quarter of 2021.
ST. LOUIS, Jan. 29, 2021 (GLOBE NEWSWIRE) Stifel Financial Corp. (NYSE: SF) today reported record net income available to common shareholders of $180.8 million, or $1.55 per diluted common share ....

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US bank stocks are back in vogue on stimulus, interest-rate outlook


US bank stocks are back in vogue on stimulus, interest-rate outlook
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Last Updated: Jan 10, 2021, 06:24 PM IST
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Synopsis
​Whether they maintain that momentum depends on the success of President-elect Joe Biden’s agenda, Federal Reserve monetary policy and how quickly Covid-19 is brought to heel.
Agencies
The KBW Bank Index has jumped 8.4% in January, beating the S&P 500 Index’s 1.8% advance.
By Felice Maranz
Big U.S. banks have gone from losers to leaders in the stock market, rebounding from a pandemic-induced pummeling as investors anticipate a surge in federal spending in 2021 and look ahead to this week’s earnings-season kickoff. ....

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