secwatch.observer — SEC 8-K summary
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Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001193125-23-194024
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stifel Q2 net income down 17% to $125M; wealth management revenue record $758M, institutional pre-tax loss $12.9M
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- GAAP net income available to common shareholders $125M ($1.10/diluted), down 17.5% YoY from $151M ($1.29).
- Global Wealth Management net revenues a record $758M, up 9% YoY; net interest income up 42% to $277M.
- Institutional Group net revenues $276M, down 33% YoY; pre-tax loss $12.9M vs profit $73M a year ago.
- Recruited 46 financial advisors in Q2; total client assets $418B, up 11% YoY.
- Quarterly dividend maintained at $0.36/share; $86.8M of common stock repurchased during quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312523194024/0001193125-23-194024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312523194024/d521864d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-194024

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