Stifel Financial, a 136-year-old investment bank, says Bitcoin (CRYPTO: BTC) could still fall to $38,000—a 43% drop from current levels near $65,000 and a full 70% crash from October's $126,000 peak. The firm's chief equity strategist, Barry Bannister, built the case on 15 years of bear market data. He drew a trendline through every major Bitcoin crash since 2010—the 93% collapse in 2011, the 84% drop in 2015, the 83% slide in 2018, and the 76% decline in 2022—and noticed that each bottom landed higher than ...

Toronto, Ontario – February 17, 2026 – TheNewswire – LAURION Mineral Exploration Inc. (TSX-V: LME | OTCQB: LMEFF | FSE: 5YD) (“LAURION” or the “Company”) is pleased to announce the appointment of Sankarsan (“Sean”) Ghosal as a strategic advisor. His addition further strengthens the Company’s governance, capital markets expertise, and strategic capabilities as LAURION advances its Ishkōday Gold-Polymetallic Project in Ontario.   Mr. Ghosal brings a highly complementary blend of mining engineering, capital m ...

Core Insights - Artificial intelligence (AI) is transitioning from a growth driver for technology stocks to a disruptor in traditional financial services, impacting market expectations for wealth management firms globally [1] - Major wealth management and brokerage stocks have experienced significant declines as investors assess the implications of new AI tools that automate tasks previously performed by human advisors [1] Stock Performance - The Charles Schwab Corp. (SCHW) has decreased by 10.9%, LPL Financial Holdings Inc. (LPLA) by 13.8%, and Raymond James Financial Inc. (RJF) by 8.8% in recent trading days [2] - Other firms such as Lazard and Stifel Financial have also seen declines of nearly 4% and 4.9%, respectively, while banks with substantial wealth management exposure, including JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo, have dropped more than 4% [2] Trigger for Stock Selloff - The stock market reaction was initiated by the launch of an AI-powered tax planning tool by U.S. fintech startup Altruist, which is integrated into its Hazel platform [3] - This tool can process client data to generate personalized tax strategies and financial insights that previously required extensive manual work from advisors [3] Investor Concerns - Investors view the AI tool as a potential threat to traditional revenue streams in wealth advisory, particularly in fee-based services like tax planning and portfolio strategy [4] - The ability to commoditize and scale complex financial advice rapidly raises concerns about the erosion of fee margins and business models for existing firms [4] Shift in Market Focus - The market's focus has shifted from beneficiaries of the AI boom to those who might be displaced by it, affecting asset management and private capital firms [5][6] - Executives from firms like Blackstone and Apollo Global Management have attempted to reassure stakeholders that AI is unlikely to undermine their businesses, but skepticism remains prevalent [6] Reassessment of Risks - The initial optimism surrounding AI is evolving into a reassessment of risks, as investors consider the potential for AI to compress margins and alter business models [7] - The recent selloff in wealth management stocks signifies a turning point in how investors perceive AI risk within financial services [8] Implications for Wealth Management - The declines in shares of firms like Schwab, LPL Financial, and Raymond James reflect fears that AI could diminish advisory fees and disrupt established operating models [8][9] - While it is too early to label AI as an existential threat to human-led wealth advice, the rapid advancement of tools like Altruist's Hazel platform necessitates a reevaluation of defensible areas within the value chain [10] - Success for incumbents will likely hinge on the effective integration of AI into client service, compliance, and portfolio construction, where trust and judgment remain essential [10]

在Altruist在Hazel平台上推出人工智能驱动的税务规划功能后，美国经纪商类股下跌。Stifel Financial股 价下跌6.8%，瑞杰金融集团股价下跌7.7%，美国资产资本集团股价下跌6.3%。 嘉信理财股价下跌 6.3%，盈透证券股价下跌1.7%，LPL金融公司（LPL Financial）股价下跌7.6%。 来源：滚动播报 ...

来源：滚动播报 Stifel Financial股价跌幅迅速扩大至 3.2%，创日内新低。 ...

Stifel Financial Reported Strong Earnings. The Stock Fell Anyway. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.---# Stifel Financial Reported Strong Earnings. The Stock Fell Anyway.## The company's investment banking unit benefited from an ...

Company Overview - RBC Bearings Incorporated (NYSE:RBC) specializes in manufacturing precision bearings and components for industrial, aerospace, and defense applications, competing with industry giants like Timken and SKF [1] - The current market capitalization of RBC is approximately $14.28 billion, with a trading volume of 139,036 shares [2] Stock Performance - The current trading price of RBC is $451.73, reflecting a slight increase of 0.56 or 0.12%, with fluctuations between $444.39 and $460.16 on the day [2] - Over the past year, RBC has experienced a high of $465.80 and a low of $290.56, indicating significant volatility [2] Analyst Insights - Deutsche Bank has set a price target of $527 for RBC, suggesting a potential upside of 17.14% from the current trading price [1][5] Insider Trading Activity - Representative Gilbert Ray Cisneros, Jr. recently sold shares of RBC, with the transaction valued between $1,001 and $15,000, indicating a potential shift in investment strategy [3] - In addition to RBC, Representative Cisneros has engaged in other trades, including selling shares of Spotify Technology, Alphabet, and Stifel Financial, while purchasing shares in First Watch Restaurant Group, TKO Group, and Logan Energy, suggesting a strategic reallocation of his investment portfolio [4]

Core Viewpoint - The retirement of Warren Buffett at the end of the year raises concerns for Berkshire Hathaway shareholders, but the company's long-term performance under his leadership has been exceptional, significantly outperforming the S&P 500 over decades [1][2][3]. Group 1: Performance Metrics - Since Warren Buffett became CEO in 1965, Berkshire Hathaway's Class A shares have achieved a cumulative return of nearly 5,840,000%, while the S&P 500 has returned less than 46,000% during the same period [2]. - As of October 28, Berkshire Hathaway's market capitalization stands at $1,032 billion, with Class A shares priced at $478.68 [9]. Group 2: Succession and Analyst Ratings - Buffett's announcement of his retirement has led to uncertainty regarding the company's future, prompting a rare sell rating from analyst Meyer Shields of Keefe, Bruyette & Woods, who downgraded Berkshire's Class A shares from market perform to underperform and reduced the price target from $740,000 to $700,000 [3][6]. - The downgrade implies a potential downside of over 5% for Berkshire's Class A shares [6]. Group 3: Risks Identified - The primary risk identified is the succession of Warren Buffett, with concerns that the valuation premium associated with his leadership may diminish after his departure [9]. - Additional risks include potential weaker auto insurance margins at GEICO, economic uncertainty from tariffs, the impact of dismantled clean energy tax credits, and declining interest rates affecting income for insurers and banks [11][10]. Group 4: Valuation Concerns - The most significant risk for Berkshire Hathaway is its own valuation, as well as the valuations of its core investments, particularly in a historically pricey stock market [14][19]. - The "Buffett Indicator" recently reached an all-time high of over 225%, indicating that the market is significantly overvalued compared to historical averages [19]. - Berkshire's largest investment, Apple, is currently valued at a trailing-12-month earnings multiple of almost 41, representing a 36% premium to its five-year average P/E ratio [23].

Stifel Financial is launching and leading the sale of a $675 million private credit financing package for Tobacco Rag Processors, which supplies tobacco products to manufacturers, according to a person familiar with the matter https://t.co/Fr8JknnKCN ...

Core Insights - Equitable has agreed to acquire Stifel Financial's independent advisor business, expected to close in Q1 2026, adding approximately $9 billion in client assets and over 110 advisors to Equitable Advisors [1][2] Company Overview - Equitable Advisors currently manages over $110 billion in assets under administration with a workforce of about 4,500 employees [3] - The acquisition will enhance Equitable's wealth practice, which has an organic growth rate of 12% on a 12-month trailing basis, making it the fastest-growing segment of Equitable Holdings [2] Strategic Implications - The deal allows Equitable to access Stifel's open-architecture platform, marketing tools, and succession planning processes for independent advisors operating on a 1099 contractor model [5] - Stifel's CEO indicated that the independent advisor channel was "immaterial" to Stifel's larger wealth and banking business, emphasizing Stifel's focus on its core employee-channel advisory business [4][5] Future Outlook - Equitable has indicated intentions for further deal-making, promoting Nick Chan to head of mergers and acquisitions, reflecting a strategic focus on growth through acquisitions [6]