Stifel Financial

Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients. The Institutional Group segment is involved in research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate. The Other segment includes interest income from stock borrowing activities, unallocated interest expense, interest income, and gains and losses from investments held. The company was founded in 1890 and is headquartered in St. Louis, MO.

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Stifel Financial excels in Q4, eyes $1 trillion assets target

Stifel Financial's Q4 2022 performance reflects strong financial results, growth in client assets, and a strategic focus on long-term value creation.
With a solid balance sheet, substantial excess capital, and plans for dividend growth and acquisitions, Stifel is well-positioned for continued success and market relevance.
Challenges in capital deployment and interest rate management are balanced by opportunities in client programs, NIM expansion, and strategic growth initiatives across business segments.

Stifel Financial reports strong Q1 earnings, eyes growth opportunities

Stifel Financial's Q1 performance showcased resilience and strategic focus amidst market challenges. The company's strengths in capital management, diversified business model, and ability to navigate changing market conditions position it well for growth. Addressing challenges in expense management and revenue normalization while capitalizing on opportunities in recruitment and strategic investments will be key moving forward.

Stifel Financial reports mixed Q2 results, eyes growth opportunities

Stifel Financial's Q2 2023 performance showcased strength in wealth management but challenges in the institutional business, impacting revenue and earnings.
Despite missing consensus estimates, the company's focus on advisor satisfaction, record revenue, and growth in fee-based assets are notable strengths.
Opportunities lie in excess capital for repurchases, stable NII, and potential growth, while challenges include delays in transactions and rising expenses.

Stifel Financial reports solid Q3 earnings amidst market challenges

Stifel Financial's Q3 performance showcased solid net revenue and EPS, despite challenges from legal charges and market conditions.
The company's strengths lie in its consistent growth in Global Wealth Management and focus on capital management strategies.
Challenges include lower investment banking revenue and delays in Institutional Group performance.
Opportunities for growth include potential revenue targets, capital management strategies, and market uncertainties.

Stifel Financial reports robust earnings, eyes growth amid market challenges

Stifel Financial's strong performance in Q4 and full-year 2023, driven by record Global Wealth Management results, showcases resilience in challenging market conditions.
Effective capital deployment, revenue growth, and strategic focus on improving margins position the company well for 2024 despite regulatory uncertainties.
Engagement in investment banking and market expectations for improvements present opportunities for continued growth and profitability.
Addressing challenges in net interest income and legal expenses while leveraging strengths in Institutional Group and MD count growth will be crucial for sustained success.

Stifel Financial excels in Q1 2024, eyes growth opportunities

Stifel Financial's Q1 2024 performance reflects robust revenue growth, operational efficiency, and strategic capital management, positioning the company for continued success.
Despite short-term challenges in net interest income and potential external risks, Stifel remains optimistic about its performance for 2024, leveraging opportunities for growth and revenue diversification.
Focused on client trust, operational discipline, and strategic growth initiatives, Stifel Financial is poised to achieve its revenue and asset targets, driving shareholder value and sustainable growth.
Balancing cost control, revenue diversification, and capital allocation strategies, Stifel Financial demonstrates resilience and adaptability in navigating market dynamics and pursuing long-term value creation.

Stifel Financial excels in Q2 2024 earnings, eyes growth opportunities

Stifel Financial delivered a strong Q2 2024 performance with notable revenue growth and exceeded earnings expectations, driven by diversified business segments.
While facing challenges in net interest income and cash sorting impact, the company's strategic initiatives and focus on growth areas position it well for the future.
Opportunities lie in expanding Institutional business, optimizing asset management revenue, and navigating the competitive landscape to sustain growth and profitability.

Stifel Financial reports strong Q3 earnings, eyes growth opportunities

Stifel Financial's Q3 2024 performance was robust, marked by revenue growth, profitability, and efficient expense management.
While facing challenges in institutional business and market conditions, the company remains optimistic about future growth.
Opportunities lie in leveraging investments, improving institutional business, and capitalizing on market improvements for sustained success.

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Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment consists of two businesses, the Private Client Group and Stifel Bancorp. The Institutional Group segment includes institutional sales and trading. The Other segment refers to interest income from stock borrowing activities, unallocated interest expense, interest income, and gains and losses from investments held. The company was founded in 1890 and is headquartered in St. Louis, MO.

Exits to Slow, Potential Add-On Acquisitions Eyed, and Customer Churn Limited Exits to Slow, Potential Add-On Acquisitions Eyed, and Customer Churn Limited

New Stifel Survey Examines Impact of COVID-19 on Global Technology Community

ST. LOUIS, April  08, 2020  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that it is participating in the federal government’s new Paycheck Protection Program (PPP), administered by the Small Business Administration (SBA). This innovative program is aimed at providing financial assistance to small businesses that have been negatively impacted by the COVID-19 pandemic.

STIFEL TO SERVE AS GATEWAY TO SMALL BUSINESS ADMINITRATION’S PAYCHECK PROTECTION PROGRAM

ST. LOUIS, April  06, 2020  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) has been named Investment Bank of the Year by Mergers & Acquisitions magazine. Stifel was singled out for its significant growth and outstanding achievement in middle-market M&A activity in 2019.

STIFEL NAMED INVESTMENT BANK OF THE YEAR BY MERGERS & ACQUISITIONS MAGAZINE

Firm Takes Near 10% Market Share in 2019 London Markets Activity Firm Takes Near 10% Market Share in 2019 London Markets Activity

Stifel Ranks Among Top Investment Banks in UK Capital-Raising Market

ST. LOUIS, Jan.  30, 2020  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that its Board of Directors has increased the company’s share repurchase authorization to 10 million shares.  The Board’s authorization does not have a fixed expiration date and shares may be repurchased through open market or privately negotiated transactions based on prevailing market conditions. 

Stifel Increases Share Repurchase Authorization, Raises Common Stock Dividend and Declares Preferred Stock Dividend

Stifel Financial Corp. (SF) CEO Ron Kruszewski on Q4 2019 Results - Earnings Call Transcript

ST. LOUIS, Jan.  22, 2020  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced an agreement to serve as a 2020 President’s Circle sponsor of the Financial Women’s Association (FWA) of New York. The FWA is an organization committed to developing future women leaders, enhancing the role of women in finance, and investing in the community. Under this partnership, Stifel employees will have access to all FWA offerings, which include networking events, professional development programs, and service projects.

Stifel Announces 2020 Partnership With Financial Women’s Association

ST. LOUIS, Jan.  09, 2020  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced several new appointments aimed at growing the firm’s coverage of financial sponsors. Veteran investment banker Ted Tutun is among those who recently joined the firm. He brings to Stifel more than 25 years of investment banking experience and maintains strong relationships with many financial sponsors, especially in the New York City and Boston metropolitan areas. Mr. Tutun is based in Stifel’s New York office.

Stifel Bolsters Financial Sponsors Coverage  and Leveraged Finance Platform

ST. LOUIS, Dec.  12, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that David Kelman has joined the firm as a Managing Director in the Consumer & Retail Group where he will oversee U.S. cannabis investment banking. He is based in New York.

David Kelman Joins Stifel as Managing Director Overseeing U.S. Cannabis Investment Banking

Stifel's (SF) recent decision to sell its asset management subsidiary set to improve the company's operating efficiency.

Stifel (SF) to Sell Subsidiary, Boost Operating Efficiency

ST. LOUIS and TEL AVIV, Israel, Dec.  10, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced the opening of its first office in Israel, focused on investment banking and related institutional services. Concurrently, Alain Dobkin joins Stifel as Managing Director and Israel Country Head.

Stifel Opens Israel Office and Appoints Alain Dobkin as Managing Director & Country Head

ST. LOUIS, Dec.  09, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (“Stifel”) (NYSE: SF) today announced that it has agreed to the sale of Ziegler Capital Management, LLC (“ZCM”), a wholly-owned asset management subsidiary of Stifel Financial Corp., to 1251 Capital Group, Inc. Financial terms of the transaction were not disclosed. ZCM generates approximately $29 million in annual revenue and has total adjusted assets under management (AUM) of $10.5 billion, which excludes certain AUM related to Stifel’s private client wealth management business that are not included in the transaction. The sale is expected to be completed in the first quarter of 2020.

Stifel Financial Corp. Announces Sale of Ziegler Capital Management LLC

ST. LOUIS, Dec.  06, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (“Stifel”) (NYSE: SF) today announced that it has completed the acquisition of substantially all of the capital markets business of GMP Capital Inc. (“GMP”) (TSX: GMP), a leading independent investment banking franchise based in Canada.  

Stifel Financial Corp. Completes Acquisition of the Capital Markets Business of GMP Capital Inc.

ST. LOUIS, Nov.  26, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that Mark May has joined the firm as a Managing Director in the Stifel Global Technology Group with a focus on Internet and Digital Media Investment Banking. In this role, Mr. May will provide strategic advice to companies in a wide range of emerging technology sub-sectors, including online marketplaces, e-commerce, and new media. He is based in New York.

Mark May Joins Stifel’s Global Technology Group as Managing Director Focused on Internet & Digital Media Sectors

ST. LOUIS, Nov.  06, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that its Board of Directors has declared a cash dividend on shares of its common stock of $0.15 per share, payable December 16, 2019, to shareholders of record at the close of business on December 2, 2019.

Stifel Declares  Quarterly Common Stock Cash Dividend and Declares Preferred Stock Cash Dividend

ST. LOUIS, Nov.  05, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that 1919 Investment Counsel, LLC (“1919”), its wholly-owned subsidiary and an SEC registered investment advisor, has hired Thomas Vandeventer as Managing Director and Portfolio Manager. He is based in New York and will oversee portfolio construction and portfolio management for individuals, families, foundations, and endowments. Mr. Vandeventer will also serve as a member of 1919’s Investment Committee. His appointment is effective immediately.

Thomas Vandeventer Joins Stifel’s 1919 Investment Counsel as Managing Director & Portfolio Manager

Stifel Financial Corp. (SF) CEO Ron Kruszewski on Q3 2019 Results - Earnings Call Transcript

ST. LOUIS, Mo., Oct.  30, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported net income available to common shareholders of $104.6 million, or $1.34 per diluted common share on record net revenues of $821.6 million for the three months ended September 30, 2019, compared with net income available to common shareholders of $101.5 million, or $1.25 per diluted common share, on net revenues of $738.3 million for the third quarter of 2018.

Stifel Reports Third Quarter 2019 Financial Results

ST. LOUIS, Oct.  16, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced a strategic partnership with OurCrowd, an Israel-based global venture capital and crowdfunding platform connecting investors with early-stage, high-tech companies across industries and geographies. Stifel will also make a minority investment in OurCrowd.

UPDATE -- Stifel Forms Strategic Partnership With Israel’s OurCrowd

The acquisition of certain assets of George K. Baum & Company is in sync with Stifel's (SF) strategic growth efforts.

Stifel Acquires Certain Assets of George K. Baum & Company

ST. LOUIS, Sept.  30, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that it has completed the acquisition of certain assets of George K. Baum & Company.    

Stifel Completes Asset Purchase of George K. Baum & Company

ST. LOUIS, Sept.  09, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced the addition of three new Managing Directors to the Stifel Investment Banking team.

Stifel Augments Diversified Industrials Practice With Key Investment Banking Hires

The latest acquisition of B&F Capital Markets will likely support Stifel Financial's (SF) aim to become a premier wealth management and investment banking firm.

Stifel Financial (SF) Closes B&F Capital Markets Acquisition

ST. LOUIS, Sept.  03, 2019  (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that it has completed the acquisition of B&F Capital Markets, Inc., an industry leader in providing regional and community banks with extensive interest rate swap capabilities. 

Stifel Completes Acquisition of B&F Capital Markets, Inc.

In a bid to diversify in interest rate risk management business for banks' commercial borrowers, Stifel Financial (SF) seals deal to buy B&F Capital Markets.

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