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. reports developments across a diversified financial-services business that includes wealth management, investment banking, lending, trading, and retail and institutional brokerage. Company news commonly covers earnings releases, selected operating data, client assets, fee-based assets, bank loans, client money market and insured products, treasury deposits, and capital returns on common and preferred stock.
Other updates describe Stifel’s platform expansion, including project finance for energy and infrastructure, venture banking and fund banking capabilities, public finance work for hospitals and health systems, and equity sales and research coverage. News also includes subsidiary activity such as Keefe, Bruyette & Woods index administration and changes affecting Stifel’s advisory and capital markets franchises.
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.
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