(MT Newswires) -- Ron Kruszewski, CEO of Stifel Financial, is cautiously optimistic for 2024, expecting corporate profits to rise by around 11% and fewer rate cuts than expected, with two to three cuts compared to the six predicted by some analysts. Under Kruszewski's leadership, the company has seen revenues jump by $100 million to $4.5 billion, and continues to aim for expansion. After a period of internal adjustments, Stifel is now in the recruitment phase. Kruszewski points to the risk of excessive market expectations of interest rate cuts, which could affect valuations, especially among the tech giants. He also points to the dangers of geopolitical tensions and the weakening of globalisation, which could shake markets unexpectedly.
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Apr. 24 | Transcript : Stifel Financial Corp., Q1 2024 Earnings Call, Apr 24, 2024 | |
Apr. 24 | Stifel Financial's Q1 Non-GAAP Earnings, Revenue Rise | MT |
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- Ron Kruszewski, CEO of Stifel: Under his leadership, the company has seen its revenues jump from $100 million to $4.5 billion