other material
confidence high
sentiment positive
materiality 0.55
Stifel reports record total client assets of $458B and fee-based assets of $172B in February
STIFEL FINANCIAL CORP
- Total client assets $457.9B, up 14% YoY and 3% from January; fee-based assets $172.1B, up 16% YoY.
- Private Client Group fee-based assets $151.3B, up 16% YoY.
- Client money market and insured products $26.3B, down 2% YoY but up 1% from January.
- Bank loans (net) $19.6B, down 6% YoY and flat MoM.
- CEO cites strong equity markets and FA recruiting driving growth; investment banking deal delays remain a headwind.