Stifel Q1 net income surges 454% on investment banking rebound, SIA sale, legal normalization

Filed May 4, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~1 min read

Key Changes

• high

  Net income jumped 454% to $242M ($1.48/share) vs. $44M in Q1 2025, driven by 43.5% investment banking revenue growth, $50M gain from SIA divestiture, and absence of prior-year $180M legal provision.

  MD&A: Net Income Performance verify on EDGAR →
• high

  Investment banking revenues accelerated to $341M (up 43.5% YoY) with advisory up 58.9%, reflecting improved capital markets and M&A activity versus 11.2% growth in prior-year quarter.

  MD&A: Investment Banking Revenues verify on EDGAR →
• high

  Company sold independent contractor broker-dealer SIA to Equitable affiliate in February 2026, recognizing $49.8M gain and exiting the independent contractor channel.

  MD&A: SIA Divestiture verify on EDGAR →