secwatch.observer — SEC 8-K summary
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Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001193125-23-281520
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 Oct total client assets of $404.1B, down 2% from Sept
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- Total client assets $404.1B, down 2% MoM (Sept $412.5B) but up 6% YoY.
- Fee-based client assets $147.7B, down 2% MoM; Private Client Group fee-based $129.7B.
- Bank loans net $20.7B, up 1% MoM; client money market/insured product $25.2B, down 1% MoM.
- CEO cites lower equity markets for MoM declines, but notes continued strength in recruiting.
- Client cash levels increased modestly from Sept due to growth in money market funds and T-bills.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312523281520/0001193125-23-281520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312523281520/d813081d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-281520

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