Stifel Reports Record Q2 2026 Earnings on Investment Banking Surge — Stifel Financial Corp.

Event summary

Stifel reported Q2 2026 net revenues of $1.45 billion, up 13% YoY.
Investment banking revenues surged 42%, with advisory and capital raising segments leading the growth.
Client assets reached a record $580.1 billion, up 12% YoY.
Non-GAAP net income per diluted share was $1.42, up from $1.14 in Q2 2025.
The company repurchased $177 million of its common stock during the quarter.

The big picture

Stifel's Q2 2026 results highlight the firm's strategic focus on investment banking and asset management, sectors that have benefited from improved market conditions and higher client activity. The company's ability to grow revenues while improving operating leverage positions it favorably against peers in a competitive financial services landscape.

What we're watching

Investment Banking Momentum: Whether Stifel can sustain its 42% YoY investment banking growth amid volatile market conditions.
Client Asset Growth: The pace at which Stifel can continue expanding client assets, particularly in fee-based segments.
Capital Deployment: How effectively Stifel deploys capital to maintain its 23.6% ROTCE in a rising rate environment.