other material
confidence high
sentiment neutral
materiality 0.50
Stifel reports Jan 2023 client assets up 5% from Dec; deposits stable
STIFEL FINANCIAL CORP
- Total client assets $407.8B, up 5% from Dec 2022 but down 3% YoY.
- Fee-based client assets $150.9B, up 4% from Dec, down 4% YoY.
- Bank loans net $20.8B, up 22% YoY and 1% from Dec.
- Client money market and insured product $27.3B, down 2% YoY and 1% from Dec.
- CEO says client deposits stable; institutional environment challenging but Jan results in line with Q4 outlook.