Stifel Reports November 2024 Operating Data
Rhea-AI Summary
Stifel Financial Corp. (NYSE: SF) reported strong operating results for November 2024, with total client assets reaching a record $514 billion, including record fee-based assets of $197 billion. This represents a 20% increase year-over-year and 4% growth from October 2024. The company saw a 3% increase in client money market and insured product balances from October, reaching $28.6 billion. Bank loans remained stable at $20.7 billion. The growth was attributed to strong equity markets and successful financial advisor recruiting, while the Institutional Group experienced improved client activity levels and growing investment banking pipelines.
Positive
- Record total client assets of $514 billion, up 20% YoY
- Record fee-based assets of $197 billion, up 25% YoY
- Client money market and insured products increased 12% YoY to $28.6 billion
- Improved institutional client activity and growing investment banking pipeline
Negative
- None.
News Market Reaction
On the day this news was published, SF gained 2.17%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ST. LOUIS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for November 30, 2024 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “In November, total client assets under management climbed to a record
| Selected Operating Data (Unaudited) | |||||||||||
| As of | % Change | ||||||||||
| (millions) | 11/30/2024 | 11/30/2023 | 10/31/2024 | 11/30/2023 | 10/31/2024 | ||||||
| Total client assets | |||||||||||
| Fee-based client assets | |||||||||||
| Private Client Group fee-based client assets | |||||||||||
| Bank loans, net (includes loans held for sale) | |||||||||||
| Client money market and insured product (1) | |||||||||||
(1) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
Company Information
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.
Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271-3610 | www.stifel.com/investor-relations
FAQ
What was Stifel's (SF) total client assets in November 2024?
How much did Stifel's (SF) fee-based assets grow in November 2024?
What was the growth in Stifel's (SF) client money market and insured products for November 2024?
How did Stifel's (SF) bank loans perform in November 2024?
