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) achieved record net revenues of $3.8 billion for the year, marking a 12.4% increase over 2019, alongside quarterly net revenues of $1.1 billion, up 20.0% from Q3 2020. The company recorded net income of $180.8 million or $1.55 per diluted share, a 43.7% increase year-over-year. Non-GAAP earnings per share hit $1.67, further demonstrating financial strength. Stifel also announced a 32% increase in dividends to $0.15 per share, reflecting strong performance in brokerage and capital raising despite a decline in net interest income.
Stifel Financial Corp. (NYSE: SF) announced the appointment of Egizio Bianchini as Vice-Chairman, Managing Director, and Head of Mining Investment Banking for Stifel GMP. Based in Toronto, Bianchini brings extensive experience from roles at Ivanhoe Mines and BMO Capital Markets, where he was pivotal in building a leading global metals and mining franchise. His addition aims to strengthen Stifel's position in the Canadian mining finance sector, which is crucial to the economy. Bianchini expressed enthusiasm about joining Stifel, highlighting its reputation in financial services.
Stifel Financial Corp. (NYSE: SF) is set to announce its fourth quarter and full year 2020 financial results on January 29, 2021, prior to market opening. A conference call, hosted by Chairman and CEO Ronald J. Kruszewski at 9:30 a.m. Eastern time, will provide insights into the results. Interested listeners can join by calling (877) 876-9938 and referencing conference ID 1145988. The presentation will also be accessible via Stifel's website, along with a replay after the live call.
Stifel Financial Corp. (NYSE: SF) has appointed Dae Gon Ha, Ph.D., as Director and Equity Research Analyst for the biotechnology sector, based in Boston. Previously a Vice President at BTIG and SVB Leerink, Dr. Ha brings extensive experience in biotechnology research, particularly in rare diseases. His addition aims to enhance Stifel's healthcare research capabilities, which currently boasts a 52-member team covering 235 companies. This strategic move is aligned with the firm's commitment to providing expert analysis in the growing biotech market.
Stifel Financial Corp. (NYSE: SF) will participate in the Goldman Sachs U.S. Financial Services Conference on December 9, 2020, with CEO Ron Kruszewski presenting at 8:00 a.m. Eastern time. Presentation materials will be available on the company's Investor Relations website prior to the event, and a live audio webcast will also be accessible. An audio replay will be provided for 180 days post-presentation. Stifel, headquartered in St. Louis, Missouri, offers various financial services through its subsidiaries.
Stifel Financial Corp. (NYSE: SF) has appointed Mathieu L’Allier as Vice Chairman and Managing Director, leading the investment banking sector in Eastern Canada. Based in Montreal, L’Allier previously founded Mission Capital Group and brings over 17 years of experience from BMO Capital Markets, advising on M&A transactions exceeding $175 billion. This strategic hire underscores Stifel’s commitment to expanding its footprint in Eastern Canada, enhancing its investment banking capabilities, and reinforcing its executive team.
Stifel Financial Corp. (NYSE: SF) announced the appointment of Dean Seavers as a senior advisor. Seavers, former U.S. President and Executive Director of National Grid, will enhance Stifel's Business and Utility Services sectors. His leadership experience includes transforming National Grid's operations and co-founding Red Hawk Fire & Security. Stifel aims to strengthen its business services and has recently increased its Managing Directors by nearly double, showcasing its commitment to enhancing client services.
Stifel Financial Corp (NYSE: SF) announced a three-for-two stock split as a 50% stock dividend, rewarding shareholders with additional shares. Shareholders on record by December 2, 2020, will receive one additional share for every two owned, effective December 16, 2020. Following the split, the quarterly dividend will rise from $0.1133 to $0.15 per share in 2021, marking the company's fourth consecutive annual increase. This decision reflects strong market performance and confidence in driving long-term shareholder value.
Stifel Financial Corp. (NYSE: SF) will participate in the JMP Securities Financial Services & Real Estate Conference on November 12, 2020, with CEO Ron Kruszewski presenting at 1:45 p.m. Eastern time. Presentation materials will be accessible via the Investor Relations section of the company's website before the event. A live audio webcast will also be available, along with an audio replay for 180 days post-presentation. Stifel is a diversified financial services holding company operating through various subsidiaries, offering a range of services including securities brokerage and investment banking.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.17 per share on its common stock, payable on December 15, 2020, to shareholders on record as of December 1, 2020. Additionally, the company announced dividends for its Series A, B, and C Preferred Stocks, amounting to approximately $0.390625 and $0.3828125 per depositary share, respectively, also payable on December 15, 2020. This maintains Stifel's commitment to returning value to its shareholders.
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