Stifel Fin Corp Stock Price, News & Analysis

Stifel Financial Corp. (NYSE: SF) announced the addition of Catlett/Godin Wealth Management to its broker-dealer subsidiary in Wilmington, North Carolina. The team, previously from UBS, manages $320 million in client assets and consists of Sam Catlett, Todd Godin, and Adrieanna Piantedosi. The transition highlights Stifel's commitment to client relationships and its ability to provide comprehensive services. Stifel continues its expansion in North Carolina, signaling growth and a strategic focus on enhancing client service.

Stifel Financial Corp. (NYSE: SF) reported net revenues of $1.0 billion for Q3 2022, down from $1.1 billion last year. Net income fell to $141.8 million or $1.21 per share, compared to $182.7 million or $1.54 per share in Q3 2021. A record net interest income of $242.2 million contributed significantly, up 85% year-over-year. The company maintained a 21% return on tangible common equity. Notably, Global Wealth Management achieved its seventh record quarter, while the Institutional Group faced a 40% decline in investment banking revenues. The quarterly dividend was set at $0.30 per share.

Stifel Financial Corp. (NYSE: SF) will announce its Q3 2022 financial results on October 26, 2022, prior to market opening. A conference call will follow at 9:30 a.m. ET, featuring insights from Chairman and CEO Ronald J. Kruszewski. Interested listeners can join by calling (888) 256-1007 with participant ID 8617839. The call will be accessible via a live audio webcast on Stifel’s official website, where a replay will also be available post-event.

Stifel Financial Corp. (NYSE: SF) has expanded its operations by opening a new office in Athens, Georgia. The Ferguson Wealth Advisory Group, led by Richard "Dick" Ferguson, joins Stifel's Private Client Group, bringing nearly 35 years of investment experience. The group previously managed $320 million in client assets at Raymond James. Stifel's leadership aims to leverage Dick's expertise and the group's client-centric approach to enhance their service offerings in Georgia, emphasizing a culture focused on advisors and minimal bureaucracy.

Stifel Financial Corp. (NYSE: SF) and Korea Investment & Securities have announced the formation of a new joint venture named SF Credit Partners to expand their leveraged lending capabilities. This collaboration aims to leverage the strengths of both firms and enhance financial solutions for clients in the U.S. market. Stifel's CEO emphasized the importance of this partnership in increasing capital commitment and improving lending options. The venture is pending regulatory approvals but represents a significant step in Stifel's growth strategy and KIS's ambitions in the U.S.

Stifel Financial Corp. (NYSE: SF) announced the rehiring of Jonathan Knepper and Edward Osswalt as Managing Directors in its Fixed Income Capital Markets Group.

Knepper will focus on high yield and distressed sales, while Osswalt will manage crossover trading. Knepper has over 30 years of experience and previously worked at Mizuho Securities USA, while Osswalt has over 16 years of experience, also coming from Mizuho. Their return aims to enhance Stifel’s capabilities and client relationships in fixed income.

Stifel Financial Corp. (NYSE: SF) announced the addition of Daybreak Financial Group to its broker-dealer subsidiary, Stifel, Nicolaus & Company, in New York City. The team, consisting of Raymond and Dominick Minicucci, has managed $407 million in client assets and brings 66 years of combined investment experience. They appreciate Stifel's entrepreneurial culture and flat organizational structure, which allows for quick access to resources and improved client service. Stifel's management emphasized that their growth-oriented approach continues to attract successful advisors.

Stifel Financial Corp. (NYSE: SF) has appointed Jim Kavanaugh as a member of its Board of Directors, effective August 2, 2022. Kavanaugh, the Co-Founder and CEO of World Wide Technology, brings extensive experience and leadership qualities to the board. WWT, under his guidance, has achieved significant success, being recognized as a top workplace for 11 consecutive years. Kavanaugh's previous accolades include being named one of America's best CEOs in 2021. His appointment is expected to enhance the board's effectiveness and community engagement.