Stifel Reports February 2025 Operating Data
Stifel Financial Corp. (NYSE: SF) has reported its February 2025 operating results, showing significant growth in key metrics. Total client assets under management reached $506 billion, marking an 11% increase from February 2024, while fee-based client assets grew 14% to $196 billion.
CEO Ronald J. Kruszewski attributed the growth to stronger equity markets and the addition of highly productive financial advisors. Client money market and insured products experienced a slight decline of less than 1% from January, with modest increases in Sweep deposits offset by lower Smart Rate balances.
However, the company noted that market uncertainty and volatility have negatively impacted investment banking activity levels, projecting first quarter 2025 investment banking revenue to be comparable to Q1 2024 results.
Stifel Financial Corp. (NYSE: SF) ha riportato i risultati operativi di febbraio 2025, mostrando una crescita significativa in metriche chiave. Il totale degli attivi dei clienti gestiti ha raggiunto 506 miliardi di dollari, segnando un aumento dell'11% rispetto a febbraio 2024, mentre gli attivi dei clienti basati su commissioni sono cresciuti del 14% a 196 miliardi di dollari.
Il CEO Ronald J. Kruszewski ha attribuito la crescita a mercati azionari più forti e all'aggiunta di consulenti finanziari altamente produttivi. I prodotti di mercato monetario per i clienti e quelli assicurati hanno registrato un lieve calo di meno dell'1% rispetto a gennaio, con modesti aumenti nei depositi Sweep compensati da saldi più bassi nei Smart Rate.
Tuttavia, l'azienda ha osservato che l'incertezza e la volatilità del mercato hanno avuto un impatto negativo sui livelli di attività di investment banking, prevedendo che i ricavi dell'investment banking del primo trimestre 2025 siano comparabili ai risultati del Q1 2024.
Stifel Financial Corp. (NYSE: SF) ha reportado sus resultados operativos de febrero de 2025, mostrando un crecimiento significativo en métricas clave. El total de activos de clientes bajo gestión alcanzó 506 mil millones de dólares, marcando un aumento del 11% en comparación con febrero de 2024, mientras que los activos de clientes basados en comisiones crecieron un 14% hasta 196 mil millones de dólares.
El CEO Ronald J. Kruszewski atribuyó el crecimiento a mercados de acciones más fuertes y la incorporación de asesores financieros altamente productivos. Los productos de mercado monetario para clientes y los asegurados experimentaron una ligera disminución de menos del 1% desde enero, con aumentos modestos en los depósitos Sweep compensados por saldos más bajos en Smart Rate.
Sin embargo, la compañía señaló que la incertidumbre y la volatilidad del mercado han impactado negativamente los niveles de actividad de banca de inversión, proyectando que los ingresos de banca de inversión del primer trimestre de 2025 sean comparables a los resultados del Q1 de 2024.
Stifel Financial Corp. (NYSE: SF)는 2025년 2월 운영 결과를 발표했으며, 주요 지표에서 상당한 성장을 보여주었습니다. 관리하에 있는 고객 자산 총액은 5,060억 달러에 도달하여 2024년 2월 대비 11% 증가했으며, 수수료 기반 고객 자산은 14% 증가하여 1,960억 달러에 달했습니다.
CEO 로널드 J. 크루제프스키는 성장을 더 강력한 주식 시장과 생산성이 높은 재무 상담사의 추가 덕분이라고 설명했습니다. 고객의 머니 마켓 및 보험 상품은 1월 대비 1% 미만의 소폭 감소를 경험했으며, 스위프 예금의 소폭 증가가 스마트 레이트 잔액의 감소로 상쇄되었습니다.
그러나 회사는 시장의 불확실성과 변동성이 투자은행 활동 수준에 부정적인 영향을 미쳤다고 언급하며, 2025년 1분기 투자은행 수익이 2024년 1분기 결과와 유사할 것으로 예상하고 있습니다.
Stifel Financial Corp. (NYSE: SF) a publié ses résultats opérationnels de février 2025, montrant une croissance significative dans des indicateurs clés. Le total des actifs clients sous gestion a atteint 506 milliards de dollars, marquant une augmentation de 11% par rapport à février 2024, tandis que les actifs clients basés sur des frais ont augmenté de 14% pour atteindre 196 milliards de dollars.
Le PDG Ronald J. Kruszewski a attribué cette croissance à des marchés boursiers plus solides et à l'ajout de conseillers financiers très productifs. Les produits de marché monétaire et d'assurance pour les clients ont connu une légère baisse de moins de 1% par rapport à janvier, avec des augmentations modestes des dépôts Sweep compensées par des soldes Smart Rate plus bas.
Cependant, l'entreprise a noté que l'incertitude et la volatilité du marché ont eu un impact négatif sur les niveaux d'activité de la banque d'investissement, projetant que les revenus de la banque d'investissement du premier trimestre 2025 soient comparables aux résultats du T1 2024.
Stifel Financial Corp. (NYSE: SF) hat seine Betriebsergebnisse für Februar 2025 veröffentlicht, die ein signifikantes Wachstum in wichtigen Kennzahlen zeigen. Das gesamte verwaltete Kundenvermögen erreichte 506 Milliarden Dollar, was einem Anstieg von 11% im Vergleich zu Februar 2024 entspricht, während die gebührenbasierten Kundenvermögen um 14% auf 196 Milliarden Dollar wuchsen.
CEO Ronald J. Kruszewski führte das Wachstum auf stärkere Aktienmärkte und die Hinzufügung von hochproduktiven Finanzberatern zurück. Die Geldmarkt- und Versicherungsprodukte der Kunden verzeichneten einen leichten Rückgang von weniger als 1% im Vergleich zu Januar, wobei moderate Zuwächse bei Sweep-Einlagen durch niedrigere Smart-Rate-Salden ausgeglichen wurden.
Das Unternehmen stellte jedoch fest, dass Marktunsicherheit und Volatilität die Aktivitätsniveaus im Investment Banking negativ beeinflusst haben, und prognostiziert, dass die Einnahmen aus dem Investment Banking im ersten Quartal 2025 mit den Ergebnissen des ersten Quartals 2024 vergleichbar sein werden.
- 11% YoY increase in total client assets under management to $506 billion
- 14% YoY growth in fee-based client assets to $196 billion
- Addition of highly productive financial advisors
- Investment banking activity levels negatively impacted by market uncertainty
- Q1 2025 investment banking revenue expected to remain flat year-over-year
- Slight decline in client money market and insured products
Insights
Stifel's February 2025 operating data reveals a mixed financial picture with notable strengths in asset management offset by investment banking headwinds. The 11% year-over-year growth in total client assets under management (reaching
These asset growth metrics are particularly significant as they represent recurring revenue streams that typically provide earnings stability. The growth drivers cited—stronger equity markets and addition of productive financial advisors—suggest both market-driven and operational factors are contributing positively.
However, the warning about Q1 2025 investment banking revenue likely being flat compared to Q1 2024 is concerning. Investment banking typically generates higher margins than wealth management, so stagnation in this segment could pressure overall profitability despite asset growth. Management's attribution of this weakness to "market uncertainty and volatility" suggests external factors rather than competitive positioning are the primary challenge.
The minimal decline (<
ST. LOUIS, March 27, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for February 28, 2025 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “Total client assets under management increased
| Selected Operating Data (Unaudited) | |||||||||||
| As of | % Change | ||||||||||
| (millions) | 2/28/2025 | 2/29/2024 | 1/31/2025 | 2/29/2024 | 1/31/2025 | ||||||
| Total client assets | $ | 506,475 | $ | 457,925 | $ | 509,671 | 11 | % | (1 | )% | |
| Fee-based client assets | $ | 196,380 | $ | 172,086 | $ | 197,298 | 14 | % | (0 | )% | |
| Private Client Group fee-based client assets | $ | 171,760 | $ | 151,345 | $ | 172,468 | 14 | % | (0 | )% | |
| Bank loans, net (includes loans held for sale) | $ | 21,201 | $ | 19,594 | $ | 21,118 | 8 | % | 0 | % | |
| Client money market and insured product (1) | $ | 27,737 | $ | 26,299 | $ | 27,936 | 6 | % | (1 | )% | |
(1) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
Company Information
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271- 3610 | www.stifel.com/investor-relations
FAQ
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