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) announced the hiring of three Managing Directors in its Healthcare Investment Banking Group: Kojo Appenteng, Chip Bierbaum, and Patrick Krause. This strategic move aims to enhance the firm's capabilities in healthcare services and healthcare IT (HCIT). The company emphasizes the growing significance of healthcare services, accelerated by COVID-19, which necessitates investment in innovative therapies. The new hires bring substantial experience from notable firms, positioning Stifel for expanded leadership in the biotech, medtech, and healthcare services sectors.
On August 25, 2020, Stifel Financial Corp. (NYSE: SF) announced the hiring of Konstantinos N. Aprilakis, M.D., as Managing Director and Senior Analyst focusing on biotechnology. Previously a Director at Deutsche Bank, Dr. Aprilakis brings extensive experience in medical research. His addition strengthens Stifel's biotech research capabilities, which now includes 36 healthcare professionals covering various sectors. Stifel has raised over $68 billion in capital since 2010, enhancing its position in the healthcare market.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.17 per share on its common stock, payable on September 15, 2020, to shareholders of record as of September 1, 2020. Additionally, the Board declared cash dividends on its 6.25% Non-Cumulative Perpetual Preferred Stock Series A and B, equating to approximately $0.390625 per depositary share, and for Series C, approximately $0.4934028 per depositary share, also payable on September 15, 2020.
Stifel Financial Corp (NYSE: SF) reported net revenues of $895.8 million for Q2 2020, marking an 11.9% increase from Q2 2019. Net income available to common shareholders was $103 million, or $1.39 per diluted share, slightly down from $103.8 million in the previous year. Non-GAAP net income was $115.3 million, or $1.55 per diluted share. The Institutional Group achieved record revenues, primarily in fixed income brokerage. Despite strong financial performance, net interest income and asset management revenues saw declines, affected by COVID-19 and economic uncertainties.
Stifel Financial Corp. (NYSE: SF) has expanded its European Fixed Income division by hiring five senior professionals, enhancing its Leveraged Loans and GBP franchises. Key hires include Matt Smith, who brings over 25 years of trading experience, and Cedric Beaumont, who has over 20 years in bank coverage on distressed loan trading. These additions are aimed at strengthening Stifel's global presence in the competitive financial services landscape, as stated by Michael Levy, Head of European Fixed Income.
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Stifel Financial Corp. (NYSE: SF) has appointed David Carpenter, former CEO of PureStar, as a senior advisor. Carpenter will collaborate with Stifel professionals, focusing primarily on Business Services. His track record includes leading PureStar to become a dominant player in the hospitality linen sector and serving as President of ABM's Education Group. Stifel aims to enhance its investment banking capabilities, particularly in Business Services, having nearly doubled its Managing Directors in this area over the past year.
Stifel Financial Corp. (NYSE: SF) announced the hiring of Rob Wagman, former President and CEO of LKQ Corp., as a senior advisor. Wagman will support Stifel’s investment banking team, leveraging over three decades of experience in the automotive and industrial sectors. His past achievements include growing LKQ into a $12 billion market leader and facilitating over 260 global transactions. Stifel anticipates that Wagman will enhance its industry insights and advisory capabilities, aligning with their strategic goals.
Stifel Financial Corp. (NYSE: SF) announced the hiring of two Managing Directors in its Investment Banking division, Alex Rohan and Greg Urban, to enhance its restructuring and automotive sector offerings. Rohan, with over 25 years of experience, joins the Miller Buckfire restructuring unit, having advised on 125 transactions worth over $150 billion. Urban, previously at UBS, will focus on the automotive sector, crucial amid COVID-19 disruptions. Stifel aims to leverage these hires to provide strategic solutions for businesses impacted by the pandemic.
Stifel Financial Corp. (NYSE: SF) has announced the pricing of $400 million in 4.000% Senior Notes, maturing on May 15, 2030. The notes will yield 4.000% annually, with proceeds aimed for general corporate purposes. The offering is set to close on May 20, 2020, contingent on customary closing conditions. The issuance follows an effective shelf registration statement with the SEC. Leading managers for the offering include Keefe, Bruyette & Woods, BofA Securities, Citigroup, Morgan Stanley, and Wells Fargo.