Brian Belski
Stifel Financial
SF-N
BUY
Nov 03, 2023
He just bought more Stifel. They reported terrible earnings, but he expects 40% great in the coming year. Trades at 10x earnings. Great CEO. Likes that the brokerage business is scalable and not enough people own brokers.
One of the best wealth management companies in the country. Today they reported a top and bottom line miss due to softness in investment banking, and a slight cut in their full-year forecast. Still, shares finished up 2.6% today. Why? Everybody already knew that investment banking would be bad. Management said that their wealth management division remains steady. It's the start of a long-term recovery.
He just bought more Stifel. They reported terrible earnings, but he expects 40% great in the coming year. Trades at 10x earnings. Great CEO. Likes that the brokerage business is scalable and not enough people own brokers.