other material
confidence high
sentiment neutral
materiality 0.55
Stifel April client assets up 12% YoY to $454B; down 3% from March
STIFEL FINANCIAL CORP
- Total client assets of $454.0B as of April 30, up 12% YoY but down 3% from March due to equity market decline.
- Fee-based client assets rose 15% YoY to $171.4B, but declined 3% MoM.
- Client money market and insured product balances fell 2% in April to $26.3B, reflecting seasonal tax payments and cash sorting.
- Net bank loans increased 2% during April to $19.96B, driven by growth in fund banking business.
- Private Client Group fee-based assets of $150.1B, up 14% YoY, down 3% MoM.