other material
confidence high
sentiment positive
materiality 0.60
Stifel Nov 2023 total client assets $427.8B, up 6% MoM; fee-based assets up 7%
STIFEL FINANCIAL CORP
- Total client assets $427.8B, up 7% YoY and 6% from Oct 2023.
- Fee-based assets $157.5B, up 6% YoY and 7% MoM.
- Bank loans net $20.3B, down 3% YoY and 2% MoM.
- Client money market balances $25.5B, up 1% from Oct as cash sorting slows.
- CEO: Institutional Group revenues improved from Q3; M&A delays persist.