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) 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.
Stifel Financial Corp. (NYSE: SF) will redeem all 6,000,000 depositary shares of its 6.25% Non-Cumulative Preferred Stock, Series A, at a price of $25.00 per share, plus accrued dividends. The redemption date is set for August 20, 2021. The shares will be redeemed per The Depository Trust Company's procedures, with Computershare Trust Company acting as the redemption agent. This decision may affect preferred stockholders and reflects Stifel's financial strategies.
Stifel Financial Corp. (NYSE: SF) announced a public offering of 12,000,000 depositary shares, totaling $300 million. Each share represents a 1/1000th interest in a 4.50% Non-Cumulative Perpetual Preferred Stock, Series D, with a liquidation preference of $25,000 per share. Dividends will be paid quarterly at an annual rate of 4.50%. The offering's net proceeds will be utilized to redeem outstanding Series A Preferred Stock and for general corporate purposes. The expected closing date is July 22, 2021.
Stifel Financial Corp. (NYSE: SF) announced the hiring of Bradley Canino as a Director and Equity Research Analyst for the biotechnology sector. Canino brings six years of experience, previously working at Credit Suisse and SVB Leerink, focusing on oncology. His recruitment enhances Stifel's research capabilities, particularly in healthcare, which is the firm's largest coverage sector. Stifel's healthcare research team consists of 52 professionals covering 263 companies. The firm has raised over $86 billion in capital for growth companies in healthcare since 2010.
Stifel Financial Corp. (NYSE: SF) announced the appointment of Charlie Smith as Managing Director in the Venture and Fund Banking Group, based in California. This hire aims to enhance Stifel's presence on the West Coast, particularly in the technology and life sciences sectors. Smith brings over 20 years of experience from City National Bank and Wells Fargo. The Venture and Fund Banking Group has successfully produced $2.5 billion in loan commitments and over $1 billion in deposits since its launch in 2018, indicating strong growth in its financial services offerings.