secwatch.observer — SEC 8-K summary
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Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001193125-23-077888
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stifel reports February client assets down 3% YoY; attracts $1.3B in deposits amid banking turmoil
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- Total client assets $401.3B (-3% YoY, -2% MoM); fee-based assets $148.0B (-4% YoY).
- Estimates Q1 2023 investment banking revenue down 5-10% from Q4 2022 due to challenging conditions.
- Attracted over $1.3B in additional bank deposits in last two weeks; 85% of total deposits FDIC insured.
- Bank loans net $20.8B (+19% YoY); client money market balances $26.9B (-5% YoY).
- CEO cites strong net new asset growth and recruiting but equity market declines hurt total assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312523077888/0001193125-23-077888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312523077888/d434031d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-077888

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