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Stifel Announces Victor Nesi to Retire as Co-President and Head of Institutional Group; Joins Board of Directors
Globenewswire· 2025-06-11 20:45
ST. LOUIS, June 11, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that Victor Nesi, Co-President and Head of the Institutional Group, will retire from his day-to-day operating responsibilities effective July 1, 2025, after 16 years of distinguished service. Mr. Nesi will, however, continue to serve the firm, simultaneously joining its Board of Directors. “Victor has been instrumental in building the platform we have today,” said Ronald J. Kruszewski, Chairman and CEO of Stifel. ...
Stifel Preferreds Reviewed: Still Give 'D' A Buy Rating
Seeking Alpha· 2025-06-09 13:23
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Stifel(SF) - 2025 FY - Earnings Call Transcript
2025-06-04 15:30
Financial Data and Key Metrics Changes - Stifel achieved record net revenues of $4.97 billion in 2024, the highest in the firm's history [14] - Non-GAAP earnings totaled $756 million, equating to $6.81 per share, reflecting a 46% increase from the previous year [15] - The return on tangible common equity was 22.7% on a non-GAAP basis, and the share price rose by 56.4% in 2024 [15] Business Line Data and Key Metrics Changes - Global Wealth Management revenue reached $3.3 billion, up from $3 billion in 2023, with asset management revenue increasing by 18% [24] - The Institutional Group generated $1.6 billion in revenue, a 30% increase from 2023, with investment banking revenue at $973 million, including a 24% rise in advisory revenue [29] - Stifel Bancorp closed the year with over $31 billion in assets, maintaining a conservative risk profile while expanding support for wealth and investment banking platforms [27] Market Data and Key Metrics Changes - The U.S. economy grew by 2.8% in 2024, despite inflation remaining above the Fed's target, ending the year at 2.8% [17] - The S&P 500 rose by 23.3% in 2024, while the NASDAQ increased by 28.6%, driven by gains in mega-cap tech and AI stocks [19] - In 2025, trade war headlines raised stagflation concerns, with the ten-year treasury yield hovering around 4.4% [20] Company Strategy and Development Direction - The company aims for long-term goals of $10 billion in revenue and $1 trillion in client assets, viewing these as milestones rather than endpoints [16] - Stifel is focusing on enhancing its AI capabilities to improve client service and operational efficiency, with a three-tier strategy for AI implementation [34][35] - The "One Stifel" initiative aims to unify client experiences across all business lines, emphasizing investment in training and leadership development [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the U.S. economy and the health of the markets, despite recent volatility [21] - The company acknowledges the shifting global trade landscape and aims to remain agile and disciplined in response to these changes [23] - Management highlighted the importance of technology in reshaping the industry and enhancing client service [23] Other Important Information - Stifel's annualized dividend increased by 10% from $1.68 to $1.84 per share, reflecting strong financial performance [15] - The firm was recognized for its advisor satisfaction, ranking number one in the J.D. Power study for the second consecutive year [26] Q&A Session Summary - There were no questions raised during the Q&A session [40]
Stifel Completes Acquisition of Bryan Garnier
Globenewswire· 2025-06-02 11:30
ST. LOUIS, June 02, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced the completion of its acquisition of Bryan, Garnier & Co. (“Bryan Garnier”), a leading independent full-service investment bank specializing in the European technology and healthcare sectors. “Bryan Garnier brings focused sector expertise, an entrepreneurial mindset, and a strong reputation for trusted advice—qualities that align closely with Stifel’s values and strategy,” said Ronald J. Kruszewski, Chairman and C ...
Stifel Reports Y/Y Rise in Client & Fee-Based Assets for April 2025
ZACKS· 2025-05-23 13:40
Stifel Financial Corp. (SF) reported key operating results for April 30, 2025, highlighting year-over-year increases in client and fee-based assets for April despite volatility in equity markets.Breakdown of SF’s April Operating ResultsThe company’s total client assets rose 7% year over year in April 2025 to $485.6 million, attributed to market appreciation and the successful recruitment of financial advisors. Despite market volatility, total client and fee-based assets remained steady compared with March 2 ...
Stifel Reports April 2025 Operating Data
Globenewswire· 2025-05-22 20:15
ST. LOUIS, May 22, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for April 30, 2025 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, “Total client assets and fee-based assets increased 7% and 11%, respectively, from the same period a year ago, due ...
U.S. Ski & Snowboard, Stifel Extend Groundbreaking Title Partnership Through 2034
Globenewswire· 2025-05-13 15:14
Core Points - U.S. Ski & Snowboard and Stifel Financial Corp. have renewed their partnership for an unprecedented 8 years, marking the largest partnership in the history of U.S. Ski & Snowboard [1][2] - The partnership will support various teams including alpine, cross country, freeski, and Para alpine, and aims to enhance the visibility and performance of U.S. athletes [2][3] Partnership Impact - The extended partnership is viewed as a generational investment, enabling innovative initiatives that have positively impacted the organization and its athletes [3] - Since the partnership began in 2022, the Stifel U.S. Ski Team has achieved record-breaking performances and increased visibility for U.S. athletes [3][4] Organizational Growth - U.S. Ski & Snowboard has expanded its World Cup events in North America from four to a record 11 for the 2024-25 season, with significant increases in audience engagement [4] - The organization reported over 30 billion earned media impressions and a 70% increase in social media impressions [4] Financial Performance of Stifel - Stifel achieved net revenues of $4.97 billion in 2024, the highest in its history, with a 23% return on average tangible equity and non-GAAP net earnings of $756 million, reflecting a 46% increase from the previous year [5] - Stifel's share price increased by 56.4% over the year, indicating strong financial health [5] Athlete Support and Programs - Stifel has launched various programs to support athletes, including the Stifel HERoic Cup and the Stifel Bibbo Award, aimed at promoting women's sports and recognizing athlete achievements [6][8] - A new performance bonus program for athletes and coaches will be implemented based on key results during the season [8] Brand Visibility - The Stifel brand will continue to be prominently displayed on team uniforms and event signage, enhancing brand recognition across digital and broadcast platforms [7]
Stifel(SF) - 2025 Q1 - Quarterly Report
2025-05-07 20:00
OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 501 North Broadway, St. Louis, Missouri 63102-2188 (Address of principal executive offices and zip code) (314) 342-2000 (Registrant's telephone number, including area code) ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transiti ...
Tobin Scientific Closes $65M Investment to Accelerate Growth Across Life Sciences Infrastructure
Prnewswire· 2025-05-07 13:15
BEVERLY, Mass., May 7, 2025 /PRNewswire/ -- Tobin Scientific, a leading provider of cGMP storage, biorepository services, and specialized logistics for the life sciences industry, announced today that it has closed a significant capital raise to support its next phase of growth. Denali Growth Partners and Truck 9 Partners led the minority growth equity investment, and Eastern Bank provided a comprehensive financing package to support Tobin Scientific's growth plans. The funding will be used to expand Tobin ...
Down But Not Out, Stifel Emerges From Rocky First Quarter
Seeking Alpha· 2025-05-01 09:25
The first three months of 2025 comprised a quarter to forget for Stifel Financial (NYSE: SF ) . On March 13 and March 17, the company was on the losing end of two separate lawsuits. In the first judgment , StifelI have been involved in the financial world for over 20 years with experience as an advisor, teacher, and writer. I am a full believer in the free-market system and that financial markets are efficient with most stocks reflecting their real current value. The best opportunities for profits on indivi ...