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) will announce its third quarter 2021 financial results on October 27, 2021, before market opening. A conference call hosted by Chairman and CEO Ronald J. Kruszewski will follow at 9:30 a.m. Eastern time on the same day. Interested parties can participate via phone or listen to a live audio webcast on Stifel's website. A replay will be available post-call. The company, headquartered in St. Louis, offers a range of financial services through various subsidiaries.
Stifel Financial Corp. (NYSE: SF) announces the addition of the Lake Wealth Management Group to its broker-dealer subsidiary. The team, consisting of advisors Tim Kertz, Joe Hartman, and Elgin Rees, has 55 years of combined experience and previously managed $330 million in client assets at Wells Fargo Advisors. They will operate from new offices in Lake Ozark and California, Missouri, enhancing Stifel's client services. Kertz praised Stifel's investments in advisors and clients, while Jim Zemlyak highlighted the firm's supportive and entrepreneurial culture.
Stifel Financial Corp. (NYSE: SF) announced the hiring of Mark Kelley as a Managing Director and Senior Equity Research Analyst, focusing on the internet sector, effective immediately. Kelley, who has extensive experience covering internet companies since 2015, joins from Walleye Capital and has previously worked with Nomura Instinet, Citigroup, and Barclays. This addition enhances Stifel's technology research team, now comprising 32 senior analysts covering 370 companies, reflecting the firm's commitment to its research platform amid rising demand for internet-related insights.
Stifel Financial Corp. (NYSE: SF) has announced a definitive agreement to acquire Vining Sparks, a leading institutional fixed income broker, for an undisclosed amount, expected to close in Q4 2021. Vining Sparks, established in 1981, has around 275 employees and serves over 4,000 institutional clients across the U.S., averaging $150 billion in annual trading volume. This acquisition aims to combine the client-centric approaches of both firms and expand Stifel's market presence, leveraging Vining's client relationships for future growth.
Stifel Financial Corp. (NYSE: SF) has appointed Ed Ribaudo as Managing Director and Head of Leveraged Finance Capital Markets, effective September 23, 2021. Ribaudo, previously at Houlihan Lokey, brings extensive experience in syndicated leveraged finance. His role will involve leading Stifel's Leveraged Finance Capital Markets and Syndicate functions from the New York office. The company aims to enhance its offerings in non-investment-grade debt products, which include high-yield bonds and credit facilities, to support clients in leveraging for growth and acquisitions.
Stifel Financial Corp. (NYSE: SF) announced the hiring of David Rubulotta and the promotion of Brant McDuffie as Deputy Co-Heads of Fixed Income Capital Markets, effective September 14, 2021. Rubulotta joins from Citigroup, bringing 25 years of fixed income experience, while McDuffie will continue his current responsibilities alongside his new role. Both will report to Eric Needleman, Global Head of Fixed Income Capital Markets, aiming to enhance Stifel's offerings in a challenging market.
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Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.15 per share, payable on September 15, 2021, to shareholders of record as of September 1, 2021. Additionally, dividends were announced for its 6.25% Series B and 6.125% Series C Preferred Stocks, both for the period ending on September 15, 2021, and also for its 4.50% Series D Preferred Stock. The amounts are approximately $0.390625 for Series B, $0.3828125 for Series C, and $0.168750 for Series D. The Board also approved the redemption of the Series A Preferred Stock.
Stifel Financial Corp. (NYSE: SF) reported impressive Q2 2021 results, with net income of $189.8 million, or $1.60 per diluted share, up 74% from the previous year. Net revenues reached a record $1.2 billion, a 29% increase year-over-year. Non-GAAP net income was $202.1 million, or $1.70 per diluted share. Client assets surged 31% to $402.4 billion, bolstered by growth in fee-based assets. The company anticipates sustaining this momentum, reflected in its raised guidance for the year.
Stifel Financial Corp. (NYSE: SF) will announce its second quarter 2021 financial results on July 28, 2021, prior to market opening. A conference call hosted by Chairman and CEO Ronald J. Kruszewski will take place at 9:30 a.m. Eastern Time on the same day, inviting stakeholders to discuss the results. Interested parties can participate by calling (877) 876-9938 and using conference ID 4838637. A live audio webcast and presentation will be accessible on Stifel's website, with a replay available shortly after the call's conclusion.