secwatch.observer — SEC 8-K summary
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Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001193125-24-145981
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stifel April client assets up 12% YoY to $454B; down 3% from March
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312524145981/0001193125-24-145981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312524145981/d836409d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-145981

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