Stifel Financial Corp (SF) and Marex Group PLC (MRX) have entered into a prime brokerage referral partnership. This will enable both firms to use their broker-dealer affiliates to cater to their hedge fund and investment management clients in a better way. Under the terms of the partnership, Stifel's institutional sales and trading group will provide Marex's trading and execution capabilities to its hedge fund's institutional clients and investment managers. The services that will be part of this include mu ...

ST. LOUIS and LONDON, May 28, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced it has entered into a prime brokerage services referral partnership with Marex Group plc (NASDAQ: MRX), a global diversified financial services platform, to allow both firms' broker-dealer affiliates to better service their hedge fund and investment management clients. Under the terms of the arrangement, Stifel's institutional sales and trading group will offer Marex's trading and execution capabilities, ...

ST. LOUIS, May 23, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for April 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. (1) Includes Sweep deposits, Smart Rate deposits, Third-party Bank Sweep Program, and Other Sweep cash. Company Information Stifel Financial Corp. (NYSE: SF) is a financial services ...

ST. LOUIS, May 23, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for April 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, "Total client assets and fee-based assets increased 12% and 15%, respectively, from the same period a year ago, as ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a ...

ST. LOUIS, May 09, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced that it has entered into a multiyear agreement to serve as presenting sponsor of The Tewaaraton Award, recognized as the preeminent lacrosse award and given annually to the nation's top male and female college lacrosse players. The Tewaaraton Award is the latest in Stifel's growing list of sports partnerships, which also includes the Haskins and Annika Awards honoring the top male and female college golfers, the Sti ...

ST. LOUIS, May 08, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced that its Board of Directors has declared a cash dividend on shares of its common stock of $0.42 per share, payable June 17, 2024, to shareholders of record at the close of business on June 3, 2024. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock"), 6.125% Non-Cumulative Perpetual Pr ...

Financial Performance - For the three months ended March 31, 2024, net revenues increased by 5.1% to $1.2 billion from $1.1 billion during the comparable period in 2023[230]. - Net income available to common shareholders rose by 4.1% to $154.3 million, or $1.40 per diluted common share, compared to $148.2 million, or $1.28 per diluted common share in the same period last year[230]. - Commission revenues increased by 9.4% to $185.5 million from $169.6 million in the comparable period in 2023[239]. - Principal transaction revenues grew by 20.3% to $139.0 million from $115.5 million in the same period last year[241]. - Capital-raising revenues surged by 55.7% to $94.7 million from $60.8 million in the comparable period in 2023[244]. - Asset management revenues increased by 16.4% to $367.5 million from $315.6 million in the same period last year[247]. - Advisory revenues decreased by 21.1% to $119.3 million from $151.1 million in the comparable period in 2023, primarily due to lower completed advisory transactions[245]. - Other income increased 315.9% to $5.0 million from a loss of $2.3 million in Q1 2023, driven by lower investment losses and higher rental income[248]. Expenses and Income - Interest expense rose by 64.3% to $254.7 million from $155.0 million in the comparable period in 2023[237]. - Total non-interest expenses increased 5.3% to $944.3 million from $896.9 million in Q1 2023, with compensation and benefits being the largest component[255]. - Compensation and benefits expense increased 4.4% to $679.7 million from $651.2 million in Q1 2023, attributed to higher compensable revenues[256]. - Provision for credit losses increased 7.1% to $5.3 million from $4.9 million in Q1 2023, reflecting changes in macroeconomic outlook[261]. - The provision for income taxes was $55.1 million with an effective tax rate of 25.2%, compared to $52.3 million and 24.9% in Q1 2023[264]. Interest and Assets - Net interest income decreased to $252.2 million from $296.6 million in Q1 2023, reflecting changes in interest rates and asset volumes[251]. - Interest revenue increased 12.2% to $506.8 million from $451.6 million in Q1 2023, due to higher interest rates and interest-earning assets[252]. - Average interest-earning assets increased to $30.2 billion in Q1 2024 from $29.7 billion in Q1 2023, with average interest rates rising to 6.16% from 5.58%[252]. - For the three months ended March 31, 2024, interest revenue increased to $465.0 million from $415.2 million in the comparable period in 2023, representing a growth of 12.0%[288]. - Interest expense surged 64.2% to $244.1 million, reflecting higher interest rates and interest-bearing liabilities[282]. Client and Advisor Metrics - Client assets grew 15.2% to $467.7 billion from $406.0 billion year-over-year, with fee-based client assets increasing 18.4% to $177.1 billion[278]. - The number of financial advisors increased slightly to 2,356 from 2,350, while the number of independent contractors rose to 114 from 102[274]. Acquisitions and Agreements - The company signed a definitive agreement to acquire Finance 500, Inc. and CB Resource, Inc., expecting to close the acquisition in Q3 2024[228]. - The company signed a definitive agreement to acquire Finance 500 and CB Resource, expecting to close the acquisition in Q3 2024[381]. Liquidity and Capital - As of March 31, 2024, the company had $13.0 billion of cash or assets readily convertible into cash[321]. - As of March 31, 2024, the company held $3.41 billion in cash and cash equivalents, an increase from $3.36 billion at December 31, 2023[348]. - Available cash and highly liquid investments comprised approximately 22% of Stifel Bancorp's assets as of March 31, 2024, exceeding its internal target[344]. - The company had $27.6 billion in deposits as of March 31, 2024, up from $27.3 billion at December 31, 2023[351]. - The company has a borrowing capacity with the Federal Home Loan Bank of $5.8 billion as of March 31, 2024, with no outstanding advances[363]. Risk Management - The company manages operational risk through specific policies and procedures designed to identify and mitigate risks across various departments[411]. - Regulatory compliance is critical, with the company subject to extensive regulation by the SEC, FINRA, and the Federal Reserve, among others[412]. - The company has established lending limits and monitoring procedures to manage concentration risk associated with large positions or loans[410]. - The fair value gain in derivative contracts indicates potential credit risk, which is minimized by engaging high-quality counterparties[408]. - The company is exposed to equity price risk due to its market-making activities in equity securities, with constant monitoring of security positions[404]. Future Projections - The future estimated amortization expense of upfront demand notes is projected to be $131.1 million in 2024, decreasing to $156.8 million in 2028 and thereafter[375]. - The future estimated compensation expense for deferred awards is projected to be $190.5 million in 2024, increasing to $217.1 million in 2025, and decreasing to $54.8 million in 2028 and thereafter[380]. - The estimated change in net interest income based on shifts in interest rates indicates a potential increase of 3.8% with a +200 basis points shift and a decrease of 4.0% with a -200 basis points shift[403].

Two Stifel employees have left following an investigation into their conduct.They worked in London for the St. Louis-based investment bank.Stifel told The Times of London it had "investigated and have taken appropriate action." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures ...