Stifel reports Aug 2024 client assets up 15% YoY to $489B; fee-based +20%

STIFEL FINANCIAL CORP

Total client assets $489.2B, up 15% YoY from $424.9B.
Fee-based client assets $187.3B, up 20% YoY from $156.4B.
Client money market and insured product $26.5B, up 4% YoY and 1% MoM.
CEO expects stronger H2 investment banking revenue vs H1 as activity levels increase.
Growth attributed to solid recruiting and market appreciation.

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