Welcome to our dedicated page for Stifel Financial news (Ticker: SF), a resource for investors and traders seeking the latest updates and insights on Stifel Financial stock.
Stifel Financial Corp. (NYSE: SF), established in 1890, is one of the nation’s leading full-service financial services firms. Headquartered in St. Louis, Missouri, Stifel provides a wide range of services including brokerage, trading, investment banking, and investment advisory services to individual investors, professional money managers, businesses, and municipalities. With over 350 locations across 45 states and the District of Columbia, Stifel ranks as the 6th largest brokerage firm in the United States based on the number of financial advisors, boasting approximately 2,100 advisors.
The company’s core business is divided into two main segments: Global Wealth Management and Institutional Securities. The Global Wealth Management division generates about 60% of the company’s net revenue, supporting a vast network of financial advisors. The Institutional Securities division, which includes equity and fixed income trading, investment banking, and research services, contributes the remaining revenue.
Stifel has a robust equity research department that has garnered accolades from renowned publications such as The Wall Street Journal, Forbes, and The Financial Times. The firm also features subsidiaries like Century Securities Associates, Inc., and Stifel Nicolaus Limited, which enhance its service offerings.
Stifel is known for its strategic acquisitions, which have expanded its market presence and service capabilities. One key acquisition is KBW (Keefe, Bruyette & Woods), which has strengthened Stifel’s footprint in the financial services sector.
In recent news, Stifel reported net revenues of $1.0 billion for the third quarter of 2023, consistent with the same period in the previous year. However, net income available to common shareholders decreased to $58.8 million from $141.8 million. Despite this, the firm remains committed to growth, as evidenced by its recognition for ‘Reopening the IPO Market and Taking More Companies Public Than its Competitors.’ Stifel and its subsidiary KBW served as bookrunners on several high-profile IPOs in sectors like consumer, natural resources, and specialty finance.
For more information, Stifel’s Investor Relations can be contacted via Joel Jeffrey, Senior Vice President, at (212) 271-3610 or investorrelations@stifel.com.
Stifel Financial Corp. (NYSE: SF) announced the addition of The Power Wealth Management Team from Merrill Lynch to its broker-dealer subsidiary in Frontenac, Missouri, managing $420 million in client assets. Team members include Barry Power, CFP®, Managing Director/Investments, Ben Alsop, Financial Advisor, and two Client Service Associates. Barry Power stated that Stifel will enhance their ability to serve clients. Branch Manager Rick Murphy noted that the team's integration will provide additional capabilities and improved service to clients.
Stifel Financial Corp. (NYSE: SF) reported net revenues of $1.1 billion for Q2 2022, down from $1.2 billion in Q2 2021. Net income available to common shareholders decreased to $151.5 million, or $1.29 per diluted share, compared to $189.8 million, or $1.60 per diluted share a year earlier. The firm achieved record net interest income, up 64%, and recruited 41 financial advisors. Although total client assets decreased by 6% to $377.6 billion, Stifel reported a strong annualized return on tangible common equity (ROTCE) of 22%. The company remains poised for growth despite volatile market conditions.
Stifel Financial Corp. (NYSE: SF) will announce its Q2 2022 financial results before the market opens on July 27, 2022. A conference call at 9:30 a.m. ET will be hosted by Chairman and CEO Ronald J. Kruszewski, which will include forward-looking statements. Interested parties can participate by dialing (888) 504-7949 with ID 238986. A live audio webcast and presentation will be available on Stifel's website for those unable to attend the live call. Replays will be accessible approximately one hour after the conclusion of the call.
Stifel Financial Corp. has appointed Ruben Roy as Managing Director and Equity Research Analyst, focusing on the Applied Technology sector from the New York office. With over 20 years of experience, Roy previously co-founded WestPark Capital's institutional business and has held senior research positions at other notable firms. His expertise in semiconductors, hardware, and software aligns with Stifel's technology focus. The firm is recognized for its in-depth equity research across various sectors, offering actionable insights to clients.
Stifel Financial Corp. (NYSE: SF) has successfully completed its acquisition of ACXIT Capital Partners, a corporate finance firm focused on European middle-market clients. This strategic move adds around 50 investment banking professionals located in key cities like Frankfurt, Zurich, and Munich. With this acquisition, Stifel aims to enhance its presence in the DACH (Germany, Austria, and Switzerland) markets and broaden its advisory services. Key executives from ACXIT, including Johannes Lucas and Thomas Klack, have joined Stifel’s management team, emphasizing a strong cultural alignment and commitment to client-first service.
Stifel Financial Corp. (NYSE: SF) announced the appointment of Michael Gonzales as Managing Director in its Fixed Income Capital Markets Group, effective June 14, 2022. Gonzales, a fixed income specialist with 28 years of experience, will lead efforts to enhance front-end credit sales, focusing on asset-backed securities, corporate debt, government securities, and structured notes. Previously at Citigroup, he brings deep institutional relationships and product expertise. Stifel aims to expand its fixed income platform to meet client needs amid market uncertainties.
Stifel Financial Corp. (NYSE: SF) announced its acquisition of ACXIT Capital Partners, expanding its European presence into key markets like Germany. ACXIT, with around 50 professionals, specializes in corporate finance and advisory services for mid-market clients, having completed nearly 500 transactions since its inception in 1999. This strategic move aims to enhance Stifel's investment banking capabilities and provide broader access to international markets and clients, particularly in healthcare and technology sectors.
Stifel Financial Corp. (NYSE: SF) announced key hires in its Municipal Securities Group, adding eight experienced professionals from Boenning & Scattergood. This expansion enhances Stifel's Public Finance capabilities in the Mid-Atlantic region, now featuring over 30 Public Finance offices nationwide. The firm continues its strong performance in municipal underwriting, having underwritten 1,000 negotiated municipal new issues in 2021, and remains a top-ranked player in the sector. Stifel's commitment to building its platform further positions it for growth in municipal capital markets.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.30 per share, payable on June 15, 2022, to shareholders of record by June 1, 2022. Additionally, quarterly dividends were announced for its preferred stocks: 6.25% Series B at $0.390625 per depositary share, 6.125% Series C at $0.3828125, and 4.50% Series D at $0.281250. All dividends are also payable on June 15, 2022. Stifel is a financial services holding company based in St. Louis, Missouri, operating various subsidiaries.
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