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.
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Stifel Financial Corp. (NYSE: SF) announced a cash dividend of $0.15 per share on its common stock, payable on June 15, 2021, for shareholders on record by June 1, 2021. Additionally, dividends were declared for its Series A, B, and C Non-Cumulative Perpetual Preferred Stocks, amounting to approximately $0.390625 and $0.3828125 per depositary share, also payable on June 15, 2021. This reflects Stifel’s ongoing commitment to shareholder returns.
Stifel Financial Corp. (NYSE: SF) has hired Robert L. Rauch as Managing Director of Emerging Markets Debt Advisory, strengthening its full-service emerging markets offering. Rauch, with over 40 years of experience, previously held senior roles at Gramercy Funds Management, managing substantial corporate debt restructurings. Stifel's emerging markets platform has expanded since its 2019 launch, now comprising a team of 25 professionals. In its first year, the debt team achieved notable success, completing $32.4 billion in trades, demonstrating the growing significance of emerging markets in investment banking.
Stifel reported record net revenues of $1.1 billion for Q1 2021, marking a 24.3% year-over-year increase. Net income available to common shareholders reached $164.7 million, or $1.40 per diluted share, up from $81.7 million last year. Key drivers included strong performances in Global Wealth Management and Institutional Group segments. The company's assets also rose to $378.6 billion, an increase of 36.9% YoY. The Board declared a quarterly dividend of $0.15, a 36% increase.
Stifel Financial Corp. (NYSE: SF) will release its Q1 2021 financial results on April 27, 2021, before market opening. Following the release, a conference call hosted by Chairman and CEO Ronald J. Kruszewski will take place at 9:30 a.m. Eastern time. This call may feature forward-looking statements concerning the company's performance. Interested participants can join by dialing (877) 876-9938 and using conference ID 7880334. A webcast and presentation will also be available on Stifel's website, with a replay accessible after the call.
On April 7, 2021, Summer Street Capital Partners, based in Buffalo, NY, announced the sale of Curtis Bay Medical Waste Services to Aurora Capital Partners in Los Angeles. The terms of the deal remain undisclosed. Curtis Bay, headquartered in Baltimore, MD, is a leading medical waste solutions provider. Under Summer Street's ownership, Curtis Bay expanded its services and enhanced its operations, including strategic acquisitions and facility investments aimed at sustainability. The company operates the largest medical waste incinerator in the country and serves thousands of healthcare providers across the east coast.
Stifel Financial has appointed Thierry Perrein as Managing Director in the Fixed Income Capital Markets group, focusing on Financials and Real Estate Investment Trusts (REITs). Perrein, previously a top analyst at Wells Fargo, brings over 20 years of experience, having also held roles at Credit Suisse and Moody's. His expertise is expected to enhance Stifel's capabilities in fixed income research, building on the firm's recent recognition as a leading non-bulge bracket firm in this sector.
Stifel Financial Corp. (NYSE: SF) has announced a rebranding of its subsidiary, Century Security Associates, Inc., to Stifel Independent Advisors. Alex David has been appointed as President and CEO of the newly named independent contractor broker-dealer. This strategic shift aims to enhance Stifel's appeal to independent advisors, capitalizing on its longstanding experience in the independent advisory sector. David, previously at Wells Fargo Advisors, brings over 13 years of industry expertise, focusing on financial advisor recruitment and development.
Stifel Financial Corp. (NYSE: SF) will participate in the Credit Suisse Financial Services Forum on February 26, 2021, with a presentation by CEO Ron Kruszewski at 1:00 p.m. Eastern time. A live audio webcast will be accessible through the company’s Investor Relations section on their website. For those unable to attend, an audio replay will be available within 24 hours post-presentation. The announcement highlights Stifel's financial services, including brokerage, investment banking, and lending solutions.
Stifel Financial (NYSE: SF) announced the acquisition of North Atlantic Capital Corporation, enhancing its role in small business investment corporations and venture capital funds. This strategic move allows Stifel to leverage North Atlantic's expertise in high-growth technology investments, providing portfolio companies access to Stifel's extensive resources. The rebranding of North Atlantic as a subsidiary of Stifel aims to boost competitive positioning in the venture capital market. The transaction reflects Stifel's commitment to expanding its investment capabilities and supporting innovative businesses.