other material
confidence high
sentiment positive
materiality 0.60
Stifel reports record Nov client assets of $514B; fee-based assets hit $197B
STIFEL FINANCIAL CORP
- Total client assets $514B, up 4% MoM and 20% YoY, a record high.
- Fee-based client assets $197B (+25% YoY, +4% MoM) also a record.
- Client money market and insured product balances $28.6B (+3% MoM, +12% YoY).
- Bank loans essentially flat at $20.7B vs. prior month and year ago.
- CEO cites improving institutional group environment and rising investment banking pipelines.