secwatch.observer — SEC 8-K summary
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Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001193125-23-172530
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stifel reports May 2023 operating data; Q2 IB revenue seen down 10-15% from Q1
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- Total client assets $402.4B at May 31, down 1% from April and up 1% YoY.
- Client money market & insured product $25.1B (-1% vs April, -8% YoY).
- Q2 investment banking revenue estimated down 10-15% from Q1; transactional revenue down 5-10%.
- Bank loans net $20.8B, flat vs April, up 9% YoY.
- Deposits increased in May; Smart Rate balances growing; cash sorting slowing in June.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312523172530/0001193125-23-172530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312523172530/d523600d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-172530

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