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Stifel Financial Corp. - SF STOCK NEWS

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.

News

Stifel Reports First Quarter 2024 Results

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Stifel Financial Corp. reported strong first quarter 2024 results with net revenues of $1.2 billion, a 9% increase year-over-year, and net income of $154.3 million. Non-GAAP net income was $163.3 million. The company highlighted record Global Wealth Management revenue, strong Institutional Group performance, and a credit rating upgrade to BBB. Expenses were well managed, with a focus on expense discipline. Stifel remains cautiously optimistic for the rest of 2024.
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Stifel Financial Schedules First Quarter 2024 Financial Results Conference Call

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Stifel Financial Corp. (NYSE: SF) is set to announce its first quarter 2024 financial results on April 24, 2024, followed by a conference call to discuss the results. Investors and analysts can tune in at 9:30 a.m. Eastern time for insights into the company's performance.
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Stifel Financial Earns Credit Upgrade

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Stifel Financial Corp. (NYSE: SF) receives a long-term rating upgrade from S&P to 'BBB', indicating strong credit and risk management practices. The stable outlook highlights resilient operating performance, diversified revenue streams, and solid capitalization.
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Stifel Reports February 2024 Operating Data

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Stifel Financial Corp. (NYSE: SF) reported record total client assets of $458 billion, with fee-based assets reaching $172 billion. Despite a 3% increase in client assets from the prior month, delays in deal closings pose a challenge for the business.
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STIFEL TO ACQUIRE FINANCE 500 and CB RESOURCE

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Stifel Financial Corp. acquires Finance 500, Inc. and CB Resource, Inc., market leaders in CD underwriting and risk management. The deal aims to enhance Stifel's offerings, providing a technology-driven platform for sustainable growth. Terms undisclosed.
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Stifel Reports January 2024 Operating Data

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Stifel Financial Corp. (NYSE: SF) reported an increase in client assets under administration and fee-based assets in January 2024, reaching record levels of $447 billion and $167 billion, respectively. The company benefited from strong equity markets and solid recruiting pipelines. Client money market and insured products declined, but overall client cash remained flat. Stifel Financial Corp. is a financial services holding company based in St. Louis, Missouri, offering a range of banking, securities, and financial services through its subsidiaries.
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Stifel Raises Quarterly Common Stock Cash Dividend By 17% and Declares Preferred Stock Cash Dividend

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Stifel Financial Corp. (NYSE: SF) has declared a cash dividend on shares of its common stock of $0.42 per share, payable March 15, 2024, to shareholders of record at the close of business on March 1, 2024. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B, 6.125% Non-Cumulative Perpetual Preferred Stock, Series C, and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D. The cash dividends are payable on March 15, 2024 to shareholders of record on March 1, 2024.
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Stifel Named US Mid-Market Equity House of the Year by International Financing Review

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Stifel Financial Corp. has been named the 2023 US Mid-Market Equity House of the Year by International Financing Review, recognizing its outstanding achievement in capital markets. Stifel was a bookrunner on nine of 32 US-listed IPOs, more than any of its middle-market peers. The company, along with its subsidiary KBW, played a significant role in reopening the stalled IPO market and was present on significant transactions within sectors like consumer, natural resources, and specialty finance. Stifel served as a bookrunner on high-profile transactions, including the IPOs of Mach Natural Resources, Neumora Therapeutics, and Cava Group.
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Stifel Reports Fourth Quarter and Full Year Results

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Stifel Financial Corp. reported net revenues of $1.15 billion for Q4 2023, with net income available to common shareholders of $153.2 million, or $1.38 per diluted common share. The full year results include net revenues of $4.35 billion, with net income available to common shareholders of $485.3 million, or $4.28 per diluted common share. The company recruited 171 financial advisors during the year and reported a non-GAAP pre-tax margin of 18%. The Board of Directors authorized a 17% increase in common stock dividend starting in Q1 2024.
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Stifel Financial Schedules Fourth Quarter & Full Year 2023 Financial Results Conference Call

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Stifel Financial Corp. (NYSE: SF) is set to release its fourth quarter & full year 2023 financial results on January 24, 2024. The company will host a conference call to discuss the results, providing investors and traders with valuable insights into the company's performance.
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FAQ

What is the current stock price of Stifel Financial (SF)?

The current stock price of Stifel Financial (SF) is $116.22 as of November 22, 2024.

What is the market cap of Stifel Financial (SF)?

The market cap of Stifel Financial (SF) is approximately 11.9B.

What services does Stifel Financial Corp. offer?

Stifel Financial Corp. provides brokerage, trading, investment banking, investment advisory, and related services to a diverse clientele including individual investors and businesses.

Where is Stifel Financial Corp. headquartered?

Stifel Financial Corp. is headquartered in St. Louis, Missouri.

How many financial advisors does Stifel employ?

Stifel employs approximately 2,100 financial advisors, ranking as the 6th largest brokerage firm in the U.S. by the number of advisors.

What percentage of Stifel's revenue comes from Global Wealth Management?

Approximately 60% of Stifel's net revenue is derived from its Global Wealth Management division.

Who are some of Stifel's notable subsidiaries?

Notable subsidiaries of Stifel include Century Securities Associates, Inc. and KBW (Keefe, Bruyette & Woods).

How did Stifel perform financially in the third quarter of 2023?

Stifel reported net revenues of $1.0 billion for the third quarter of 2023, with net income available to common shareholders at $58.8 million.

What recent recognition has Stifel received?

Stifel, along with its subsidiary KBW, was recognized for 'Reopening the IPO Market and Taking More Companies Public Than its Competitors'.

How can I contact Stifel's Investor Relations?

Stifel's Investor Relations can be contacted through Joel Jeffrey, Senior Vice President, at (212) 271-3610 or investorrelations@stifel.com.

Has Stifel been involved in any high-profile IPOs recently?

Yes, Stifel served as a bookrunner on several high-profile IPOs, including those of Mach Natural Resources, Neumora Therapeutics, and Cava Group.

What is the historical significance of Stifel Financial Corp.?

Founded in 1890, Stifel has grown to become a premier financial services firm with a significant impact on brokerage, trading, and investment banking in the U.S.

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Stifel Financial Corp.

NYSE:SF

SF Rankings

#779 Ranked by Market Cap
#1572 Ranked by Dividends

SF Stock Data

11.88B
98.88M
3.19%
87.98%
1.28%
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