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 hiring of Bradley Canino as a Director and Equity Research Analyst for the biotechnology sector. Canino brings six years of experience, previously working at Credit Suisse and SVB Leerink, focusing on oncology. His recruitment enhances Stifel's research capabilities, particularly in healthcare, which is the firm's largest coverage sector. Stifel's healthcare research team consists of 52 professionals covering 263 companies. The firm has raised over $86 billion in capital for growth companies in healthcare since 2010.
Stifel Financial Corp. (NYSE: SF) announced the appointment of Charlie Smith as Managing Director in the Venture and Fund Banking Group, based in California. This hire aims to enhance Stifel's presence on the West Coast, particularly in the technology and life sciences sectors. Smith brings over 20 years of experience from City National Bank and Wells Fargo. The Venture and Fund Banking Group has successfully produced $2.5 billion in loan commitments and over $1 billion in deposits since its launch in 2018, indicating strong growth in its financial services offerings.
Stifel Financial Corp. (NYSE: SF) announced a cash dividend of $0.15 per share on its common stock, payable on June 15, 2021, for shareholders on record by June 1, 2021. Additionally, dividends were declared for its Series A, B, and C Non-Cumulative Perpetual Preferred Stocks, amounting to approximately $0.390625 and $0.3828125 per depositary share, also payable on June 15, 2021. This reflects Stifel’s ongoing commitment to shareholder returns.
Stifel Financial Corp. (NYSE: SF) has hired Robert L. Rauch as Managing Director of Emerging Markets Debt Advisory, strengthening its full-service emerging markets offering. Rauch, with over 40 years of experience, previously held senior roles at Gramercy Funds Management, managing substantial corporate debt restructurings. Stifel's emerging markets platform has expanded since its 2019 launch, now comprising a team of 25 professionals. In its first year, the debt team achieved notable success, completing $32.4 billion in trades, demonstrating the growing significance of emerging markets in investment banking.
Stifel reported record net revenues of $1.1 billion for Q1 2021, marking a 24.3% year-over-year increase. Net income available to common shareholders reached $164.7 million, or $1.40 per diluted share, up from $81.7 million last year. Key drivers included strong performances in Global Wealth Management and Institutional Group segments. The company's assets also rose to $378.6 billion, an increase of 36.9% YoY. The Board declared a quarterly dividend of $0.15, a 36% increase.
Stifel Financial Corp. (NYSE: SF) will release its Q1 2021 financial results on April 27, 2021, before market opening. Following the release, a conference call hosted by Chairman and CEO Ronald J. Kruszewski will take place at 9:30 a.m. Eastern time. This call may feature forward-looking statements concerning the company's performance. Interested participants can join by dialing (877) 876-9938 and using conference ID 7880334. A webcast and presentation will also be available on Stifel's website, with a replay accessible after the call.
On April 7, 2021, Summer Street Capital Partners, based in Buffalo, NY, announced the sale of Curtis Bay Medical Waste Services to Aurora Capital Partners in Los Angeles. The terms of the deal remain undisclosed. Curtis Bay, headquartered in Baltimore, MD, is a leading medical waste solutions provider. Under Summer Street's ownership, Curtis Bay expanded its services and enhanced its operations, including strategic acquisitions and facility investments aimed at sustainability. The company operates the largest medical waste incinerator in the country and serves thousands of healthcare providers across the east coast.
Stifel Financial has appointed Thierry Perrein as Managing Director in the Fixed Income Capital Markets group, focusing on Financials and Real Estate Investment Trusts (REITs). Perrein, previously a top analyst at Wells Fargo, brings over 20 years of experience, having also held roles at Credit Suisse and Moody's. His expertise is expected to enhance Stifel's capabilities in fixed income research, building on the firm's recent recognition as a leading non-bulge bracket firm in this sector.
Stifel Financial Corp. (NYSE: SF) has announced a rebranding of its subsidiary, Century Security Associates, Inc., to Stifel Independent Advisors. Alex David has been appointed as President and CEO of the newly named independent contractor broker-dealer. This strategic shift aims to enhance Stifel's appeal to independent advisors, capitalizing on its longstanding experience in the independent advisory sector. David, previously at Wells Fargo Advisors, brings over 13 years of industry expertise, focusing on financial advisor recruitment and development.
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