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 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.
Stifel Financial Corp. (NYSE: SF) has priced a public offering of 8,000,000 depositary shares, totaling $200 million, representing a 1/1000th interest in perpetual 6.125% Non-Cumulative Preferred Stock, Series C. Dividends will be paid quarterly at an annual rate of 6.125%. The stock may be redeemed after June 15, 2025, with a liquidation preference of $25,000 per share. The offering is expected to close on May 19, 2020. Proceeds will be used for general corporate purposes.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.17 per share, payable on June 15, 2020, to shareholders recorded by June 1, 2020. Additionally, dividends for its 6.25% Non-Cumulative Perpetual Preferred Stock, Series A and B, were announced at $0.390625 per depositary share, also payable on June 15, 2020. This move signals the company's commitment to returning value to its shareholders amidst ongoing operations in banking and financial services.
Stifel Financial Corp. (NYSE: SF) has appointed Kathleen Brown as the new Lead Independent Director, effective after the annual shareholders meeting on May 15, 2020. Brown succeeds Robert Grady, who will continue to serve on the Board as an independent member and will chair the Risk Management & Corporate Governance Committee. Kathleen Brown, a board member since 2016, brings valuable experience from the financial services industry and public service, enhancing Stifel's corporate governance strategies.