Stifel Reports July 2024 Operating Data
Stifel Financial Corp. (NYSE: SF) reported record levels of client assets under administration and fee-based client assets for July 31, 2024, reaching $481 billion and $183 billion respectively, a 2% increase from the previous month. The growth was attributed to market appreciation and solid recruiting. Client money market and insured products grew by approximately $100 million in July, with higher Smart Rate balances offsetting a decline in Sweep balances. Bank loans increased by 2%, driven by growth in Fund Banking, C&I, and Residential Mortgage activity. The company's total client assets saw a 13% year-over-year increase, while fee-based client assets grew by 16% compared to the previous year.
Stifel Financial Corp. (NYSE: SF) ha riportato livelli record di attivi dei clienti sotto amministrazione e attivi basati su commissioni al 31 luglio 2024, raggiungendo rispettivamente 481 miliardi di dollari e 183 miliardi di dollari, con un incremento del 2% rispetto al mese precedente. La crescita è stata attribuita a apprezzamento del mercato e reclutamento solido. I fondi di mercato monetario e i prodotti assicurati sono cresciuti di circa 100 milioni di dollari a luglio, con saldi di Smart Rate più elevati a compensare un calo dei saldi Sweep. I prestiti bancari sono aumentati del 2%, grazie alla crescita nelle attività di Fund Banking, C&I e mutui residenziali. Il totale degli attivi dei clienti dell'azienda ha registrato un incremento del 13% anno su anno, mentre gli attivi basati su commissioni sono aumentati del 16% rispetto all'anno precedente.
Stifel Financial Corp. (NYSE: SF) reportó niveles récord de activos de clientes bajo administración y activos basados en comisiones al 31 de julio de 2024, alcanzando 481 mil millones y 183 mil millones de dólares respectivamente, un aumento del 2% en comparación con el mes anterior. El crecimiento se atribuyó a la apreciación del mercado y un sólido reclutamiento. Los fondos del mercado monetario y los productos asegurados crecieron aproximadamente 100 millones de dólares en julio, con saldos más altos de Smart Rate compensando un descenso en los saldos Sweep. Los préstamos bancarios aumentaron un 2%, impulsados por el crecimiento en las actividades de Fund Banking, C&I y hipotecas residenciales. Los activos totales de los clientes de la empresa vieron un aumento del 13% interanual, mientras que los activos basados en comisiones crecieron un 16% en comparación con el año anterior.
Stifel Financial Corp. (NYSE: SF)는 2024년 7월 31일 기준으로 고객 자산 관리 및 수수료 기반 고객 자산에서 기록적인 수준을 보고했습니다. 각각 4810억 달러 및 1830억 달러에 도달하며, 이전 달보다 2% 증가했습니다. 성장은 시장 평가 및 탄탄한 채용 덕분으로 분석되었습니다. 고객 머니 마켓 및 보험 상품은 7월에 약 1억 달러 증가했으며, 더 높은 스마트 레이트 잔액이 스윕 잔액 감소를 상쇄했습니다. 은행 대출이 2% 증가했습니다, 이는 펀드 뱅킹, C&I, 주택 담보 대출 활동의 증가에 기인합니다. 회사의 총 고객 자산은 전년 대비 13% 증가했으며, 수수료 기반 고객 자산은 지난해 대비 16% 성장했습니다.
Stifel Financial Corp. (NYSE: SF) a rapporté des niveaux record d'actifs clients sous administration et d'actifs basés sur des frais au 31 juillet 2024, atteignant 481 milliards et 183 milliards de dollars respectivement, soit une augmentation de 2 % par rapport au mois précédent. La croissance a été attribuée à l'appréciation du marché et un recrutement solide. Les produits de marché monétaire et d'assurance des clients ont augmenté d'environ 100 millions de dollars en juillet, les soldes de Smart Rate plus élevés compensant une baisse des soldes Sweep. Les prêts bancaires ont augmenté de 2%, stimulés par la croissance des activités de Fund Banking, C&I et des prêts hypothécaires résidentiels. Les actifs totaux des clients de la société ont connu une augmentation de 13 % par rapport à l'année précédente, tandis que les actifs basés sur des frais ont augmenté de 16 % par rapport à l'année précédente.
Stifel Financial Corp. (NYSE: SF) berichtete von Rekordwerten an verwalteten Kundenvermögen und gebührenbasierten Kundenvermögen zum 31. Juli 2024, die 481 Milliarden und 183 Milliarden Dollar erreichten, was einem Anstieg von 2% gegenüber dem Vormonat entspricht. Das Wachstum wurde auf Marktsteigerungen und solide Rekrutierung zurückgeführt. Die Geldmarkt- und Versicherungsprodukte der Kunden wuchsen im Juli um etwa 100 Millionen Dollar, wobei höhere Smart Rate Salden den Rückgang der Sweep Salden ausglichen. Bankkredite stiegen um 2%, angetrieben durch Wachstum im Bereich Fund Banking, C&I und Wohnungsbaudarlehen. Die gesamten Kundenvermögen des Unternehmens verzeichneten einen Jahresvergleichsanstieg von 13%, während die gebührenbasierten Kundenvermögen im Vergleich zum Vorjahr um 16% zunahmen.
- Record levels of client assets under administration ($481 billion) and fee-based client assets ($183 billion)
- 2% month-over-month increase in client assets and fee-based client assets
- 13% year-over-year increase in total client assets
- 16% year-over-year increase in fee-based client assets
- 2% growth in bank loans driven by increased Fund Banking, C&I, and Residential Mortgage activity
- $100 million growth in client money market and insured products
- 2% year-over-year decrease in bank loans
Insights
Stifel's July 2024 operating data reveals positive trends in key metrics. Client assets under administration and fee-based client assets reached record levels of
The
While these metrics are positive, investors should note that this data doesn't necessarily correlate directly to earnings. The company's diversified revenue streams and market conditions will play important roles in overall financial performance.
Stifel's July 2024 data provides insights into broader market trends. The record levels of client assets under administration and fee-based assets, up
The growth in Smart Rate balances offsetting declining Sweep balances indicates a shift in client preferences towards higher-yielding cash management products. This trend aligns with the current high-interest rate environment and could impact the company's net interest income.
The
ST. LOUIS, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for July 31, 2024 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, “Client assets under administration and fee-based client assets increased
| Selected Operating Data (Unaudited) | |||||||||||
| As of | % Change | ||||||||||
| (millions) | 7/31/2024 | 7/31/2023 | 6/30/2024 | 7/31/2023 | 6/30/2024 | ||||||
| Total client assets | $ | 481,452 | $ | 426,667 | $ | 474,137 | 13 | % | 2 | % | |
| Fee-based client assets | $ | 183,421 | $ | 157,996 | $ | 179,749 | 16 | % | 2 | % | |
| Private Client Group fee-based client assets | $ | 160,526 | $ | 138,692 | $ | 157,124 | 16 | % | 2 | % | |
| Bank loans, net (includes loans held for sale) | $ | 20,267 | $ | 20,753 | $ | 19,820 | (2 | )% | 2 | % | |
| Client money market and insured product (1) | $ | 26,301 | $ | 24,976 | $ | 26,204 | 5 | % | 0 | % | |
(1) Includes Sweep deposits, Smart Rate 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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