other_material
confidence high
sentiment positive
materiality 0.65
Stifel reports record client assets of $553.6B in Nov; fee-based assets up 14% YoY
STIFEL FINANCIAL CORP
- Total client assets reached a record $553.6B, up 8% YoY and 1% MoM.
- Fee-based client assets $224.7B, up 14% YoY; Private Client Group fee-based $196.5B.
- Treasury deposits $8.73B, nearly doubling YoY (+96%) and up 9% MoM.
- Client money market & insured product $25.7B, down 10% YoY but up 1% MoM.
- CEO cites strong recruiting and market gains; anticipates a strong Q4 despite government shutdown.
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