secwatch.observer — SEC 8-K summary
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Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2024-08-22T23:59:59+00:00
Accession:  0001193125-24-205369
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stifel reports record client assets of $481.5B as of July 31, 2024, up 13% YoY
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- Total client assets $481.5B (record), +13% YoY; fee-based client assets $183.4B, +16% YoY.
- Bank loans net $20.3B, up 2% from June; driven by Fund Banking, C&I, and residential mortgage.
- Client money market/insured product $26.3B, up 5% YoY; CEO notes cash sorting slowing.
- Private Client Group fee-based assets $160.5B, +16% YoY and +2% from June.
- July results reflect continued market appreciation and solid recruiting, per CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312524205369/0001193125-24-205369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312524205369/d885418d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-205369

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