secwatch.observer — SEC 8-K summary
======================================

Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001193125-23-245610
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stifel reports August client assets up 10% YoY to $424.9B; client cash up 2% MoM
--------------------------------------------------------------------------------

- Total client assets $424.9B as of Aug 31, 2023, up 10% YoY and flat MoM.
- Fee-based client assets $156.4B (+8% YoY); PCG fee-based $137.2B (+8% YoY).
- Client money market & insured product $25.5B, down 3% YoY but up 2% MoM; September balances increased from Aug end.
- CEO notes strong FA recruiting partially offsetting equity market impact; investment banking pipelines improving but closings delayed.
- Bank loans (net) $20.4B, down 2% from both prior year and prior month.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312523245610/0001193125-23-245610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312523245610/d266516d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-245610

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer