Welcome to our dedicated page for Stifel Fin news (Ticker: SF), a resource for investors and traders seeking the latest updates and insights on Stifel Fin stock.
Stifel Financial Corp. (NYSE: SF) is a financial services holding company in the investment banking and securities dealing industry, with operations centered on wealth management, banking, and capital markets. Its news flow reflects activity across Global Wealth Management, the Institutional Group, and banking subsidiaries such as Stifel Bank and Stifel Bank & Trust.
On this page, readers can follow SF news related to monthly operating data, quarterly earnings, capital markets activity, and corporate actions. Recent press releases have covered selected operating results for specific month-ends, highlighting total client assets, fee-based client assets, bank loans, client money market and insured product balances, and treasury deposits. These updates provide insight into trends in client assets, funding mix, and lending.
Stifel also issues news on quarterly financial results, detailing net revenues, segment performance in Global Wealth Management and the Institutional Group, and metrics such as advisory revenues, equity and fixed income capital raising, and transactional revenues. Other announcements include conference calls to discuss results, participation in industry conferences, and dividends on common and preferred stock.
Investors and market watchers can also see news about strategic initiatives and transactions, such as the agreement for an affiliate of Equitable Holdings to acquire Stifel Independent Advisors, LLC, and the expansion of Stifel’s Venture Banking team to support life sciences and healthcare companies. Subsidiary-level developments, like hiring at 1919 Investment Counsel, LLC, also appear in the news stream.
By reviewing the SF news feed, users can track how Stifel communicates changes in client assets, capital markets activity, venture and fund banking, and corporate structure over time, and can revisit archived releases for historical context.
Stifel Financial Corp. (NYSE: SF) reported the successful recruitment of 23 financial advisors in 2022, amassing over $2.53 billion in client assets, raising total assets under management to over $6 billion. The firm's independent contractor broker-dealer, Stifel Independent Advisors, is focused on enhancing diversity within its advisor network. CEO Alex David highlighted the firm's commitment to inclusivity, noting that over 40% of client assets are managed by women and underrepresented minority groups. This recruitment surge underscores Stifel's appeal as a preferred choice for elite wealth management teams.
Stifel Financial Corp. (NYSE: SF) reported net revenues of $1.1 billion for Q4 2022, down from $1.3 billion a year ago. Net income available to common shareholders was $167.3 million ($1.43 per diluted share), compared to $252.1 million ($2.12) in Q4 2021. For the full year, net revenues totaled $4.4 billion, down from $4.7 billion in 2021, with net income of $624.9 million ($5.32 per share). Despite a challenging market, the company achieved a 20% increase in its quarterly dividend and saw record net interest income, up 79%. The company also recruited 152 financial advisors in 2022, enhancing its growth prospects.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.36 per share on its common stock, payable on March 15, 2023, to shareholders on record by March 1, 2023. Additionally, it announced quarterly dividends for its preferred stock, including Series B at approximately $390.625 per share, Series C at $382.8125 per share, and Series D at $281.250 per share, all payable on March 15, 2023. The preferred stocks trade under the symbols SF PrB, SF PrC, and SF PrD.
Stifel Financial Corp. (NYSE: SF) will announce its fourth quarter and full year 2022 financial results on January 25, 2023, prior to market opening. A conference call led by Chairman and CEO Ronald J. Kruszewski will take place at 9:30 a.m. ET to discuss the results, which may include forward-looking statements. Interested parties can join by calling (888) 394-8218, using participant ID 2527655. A live audio webcast, along with a presentation of the results, will be available on Stifel’s website. A replay of the call will also be accessible one hour after its conclusion.
Stifel Financial Corp. (NYSE: SF) provided key performance metrics as of November 30, 2022. The Wealth Management business showed resilience with a 2.1% increase in client cash balances and strong client asset growth—4.5% in total assets and 4.7% in fee-based assets. However, challenges persist with expected lower Advisory revenue due to transaction closing delays and reduced activity in the fixed income sector. Total client assets stood at $399.6 billion, reflecting a 5.3% year-over-year decline. Despite these headwinds, Stifel remains optimistic about its Institutional Group's performance.
Stifel Financial Corp. (NYSE: SF) has signed a definitive agreement to acquire Torreya Partners LLC, a prominent independent M&A and advisory firm for the life sciences sector. Founded in 2007, Torreya specializes in biotechnology and pharmaceuticals, bolstering Stifel's position in healthcare. With over 40 professionals across key global markets, the acquisition aims to enhance Stifel's capabilities in complex deals. The transaction's terms are undisclosed, yet it is expected to solidify Stifel's leadership in the healthcare advisory landscape.
Stifel Financial Corp. (NYSE: SF) reported selected operating results as of October 31, 2022, emphasizing a 5% increase in client assets and fee-based assets attributed to financial advisor recruitment and equity market appreciation. Despite a 10% decline in total client assets compared to the previous year, the company successfully retained its deposit base and attracted new cash balances. CEO Ronald Kruszewski noted ongoing challenges for the Institutional Group, with quarterly revenues being influenced by market conditions and advisory transaction timing.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.30 per share, payable on December 15, 2022, to shareholders of record by December 1, 2022. Additionally, the Board announced quarterly cash dividends for its preferred stocks: $0.390625 per share for Series B, $0.3828125 for Series C, and $0.281250 for Series D, also payable on December 15, 2022. These dividends reflect Stifel's commitment to returning value to shareholders while maintaining its financial strength.
Stifel Financial (NYSE:SF) has entered a significant partnership with U.S. Ski & Snowboard, becoming the title sponsor of the U.S. Alpine Team. This collaboration encompasses all elite levels of alpine ski racing in North America, supporting athletes like Mikaela Shiffrin and Ryan Cochran-Siegle. The partnership includes a career and financial education program for athletes and sponsorship of major events, including the men's FIS Alpine Ski World Cup. Stifel's commitment strengthens their brand visibility and support for young athletes progressing to international competitions.
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.