Stifel Reports July 2024 Operating Data

Core Insights - Stifel Financial Corp. reported selected operating results for July 31, 2024, highlighting key performance metrics for investors [1] - The company experienced a 2% increase in client assets under administration and fee-based client assets, reaching record levels of $481 billion and$183 billion, respectively [2][3] Financial Performance - Total client assets as of July 31, 2024, were $481,452 million, up 13$426,667 million a year earlier and a 2% increase from $474,137 million in the previous month [3] - Fee-based client assets reached$183,421 million, reflecting a 16% increase from $157,996 million year-over-year and a 2$179,749 million month-over-month [3] - Private Client Group fee-based client assets also grew by 16% year-over-year to $160,526 million, with a 2$20,267 million, showing a 2% increase from the previous month but a slight decline of 2% from $20,753 million year-over-year [3] - Client money market and insured products increased by 5$26,301 million, with no change from the previous month [3] Company Overview - Stifel Financial Corp. is a financial services holding company based in St. Louis, Missouri, providing banking, securities, and financial services through various wholly owned subsidiaries [4] - The company serves broker-dealer clients in the U.S., Canada, and Europe, offering a range of services including securities brokerage, investment banking, and trading [4]