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 reported net revenues of $883.3 million for Q3 2020, up 7.5% from Q3 2019. Net income available to common shareholders rose to $110.6 million, or $1.46 per diluted share. Non-GAAP net income increased to $120.5 million, or $1.59 per diluted share. The company achieved an annualized return on average tangible common equity of 20.4%. Wealth Management contributed 46% of net revenues, while Institutional Group revenues accounted for 41%. Overall, Stifel displays strength through diversification and consistent growth in its business segments.
Stifel Financial Corp. (NYSE: SF) announced the rescheduling of its third quarter 2020 financial results announcement to after market close on October 27, 2020, coinciding with the annual Blueprint Conference. The conference call to review results is set for 9:30 a.m. ET on October 28, 2020. Interested parties can listen via phone or through a live webcast on Stifel's website. Chairman and CEO Ronald J. Kruszewski will lead the call, which will include forward-looking statements.
Stifel Financial Corp. (NYSE: SF) will announce its third quarter 2020 financial results before the market opens on October 28, 2020. The company is set to conduct a conference call at 9:30 AM ET to discuss these results, which may include forward-looking statements. Interested parties can join the call by dialing (877) 876-9938 with conference ID 6093315. A live audio webcast of the call, along with a presentation of the results, will be available on Stifel’s website. A replay will also be accessible one hour post-call.
Stifel Financial Corp. (NYSE: SF) has announced the hiring of Ben Tompkins as a Managing Director in its Global Technology Group based in London. Tompkins, who has over 30 years of experience in the technology sector, will focus on cloud-based software and applications for various markets. Previously, he was Managing Partner at Draper Esprit, investing in notable European tech firms. This move underscores Stifel's commitment to the technology industry amidst ongoing challenges in the pandemic environment.
Stifel Financial Corp. (NYSE: SF) announced the hiring of three Managing Directors in its Healthcare Investment Banking Group: Kojo Appenteng, Chip Bierbaum, and Patrick Krause. This strategic move aims to enhance the firm's capabilities in healthcare services and healthcare IT (HCIT). The company emphasizes the growing significance of healthcare services, accelerated by COVID-19, which necessitates investment in innovative therapies. The new hires bring substantial experience from notable firms, positioning Stifel for expanded leadership in the biotech, medtech, and healthcare services sectors.
On August 25, 2020, Stifel Financial Corp. (NYSE: SF) announced the hiring of Konstantinos N. Aprilakis, M.D., as Managing Director and Senior Analyst focusing on biotechnology. Previously a Director at Deutsche Bank, Dr. Aprilakis brings extensive experience in medical research. His addition strengthens Stifel's biotech research capabilities, which now includes 36 healthcare professionals covering various sectors. Stifel has raised over $68 billion in capital since 2010, enhancing its position in the healthcare market.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.17 per share on its common stock, payable on September 15, 2020, to shareholders of record as of September 1, 2020. Additionally, the Board declared cash dividends on its 6.25% Non-Cumulative Perpetual Preferred Stock Series A and B, equating to approximately $0.390625 per depositary share, and for Series C, approximately $0.4934028 per depositary share, also payable on September 15, 2020.
Stifel Financial Corp (NYSE: SF) reported net revenues of $895.8 million for Q2 2020, marking an 11.9% increase from Q2 2019. Net income available to common shareholders was $103 million, or $1.39 per diluted share, slightly down from $103.8 million in the previous year. Non-GAAP net income was $115.3 million, or $1.55 per diluted share. The Institutional Group achieved record revenues, primarily in fixed income brokerage. Despite strong financial performance, net interest income and asset management revenues saw declines, affected by COVID-19 and economic uncertainties.
Stifel Financial Corp. (NYSE: SF) has expanded its European Fixed Income division by hiring five senior professionals, enhancing its Leveraged Loans and GBP franchises. Key hires include Matt Smith, who brings over 25 years of trading experience, and Cedric Beaumont, who has over 20 years in bank coverage on distressed loan trading. These additions are aimed at strengthening Stifel's global presence in the competitive financial services landscape, as stated by Michael Levy, Head of European Fixed Income.
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