Stifel Financial Corp (SF)

Stifel reported record Q3 2025 net revenue and client assets, with earnings per share beating estimates. Analyst ratings saw changes, including a downgrade by Zacks Research and an upgrade by Cowen, while JPMorgan Chase & Co. increased its price objective. Stifel reported record highs in total client assets and fee-based client assets in October 2025. Investment banking activity was impacted by market volatility in May 2025. Total client assets under management increased in February 2025. Stifel declared quarterly cash dividends and Equitable Distributors, LLC agreed to acquire Stifel Independent Advisors, LLC.

Stifel Financial Corp.'s investment banking and wealth management segments experience some seasonality. Investment banking activity is impacted by market uncertainty and volatility, while wealth management is influenced by market appreciation, net asset inflows, and financial advisor recruitment. Client money market and insured product balances can see seasonal declines, but the Global Wealth Management segment has shown consistent long-term growth.

Stifel Financial Corp. is an American multinational independent investment bank and financial services company headquartered in St. Louis, Missouri, operating within the Diversified Financials sector. It provides financial products and services to individual investors, corporations, municipalities, and institutions globally through three segments: Global Wealth Management, Institutional Group, and Other. Global Wealth Management offers financial planning, investment advice, securities brokerage, retirement and estate planning, and retail and commercial banking services. The Institutional Group provides institutional equity and fixed income services, municipal finance, and investment banking services. The 'Other' segment includes related financial services.

Stifel Financial Corp. primarily serves clients in the United States, with a presence in the United Kingdom, Canada, and other parts of Europe. In 2023, Stifel was recognized as an Investment Banking Market Leader in Israel. As of 2023, Stifel had nearly 2,400 financial advisors in over 400 locations across the U.S.

Stifel Financial Corp. was recognized by J.D. Power for investor satisfaction in 2025 for the third straight year. In 2023, Stifel was named U.S. Middle-Market Equity House of the Year and recognized as an Investment Banking Market Leader in Israel. Stifel is noted as the second-largest U.S. equity research platform and Stifel's Public Finance group was the nation's leading municipal bond underwriter in 2023. Stifel received an adverse FINRA arbitration award in March 2025.

Stifel Financial Corp. is primarily owned by institutional shareholders, holding approximately 75.03% to 88.9% of the company's stock. Individual insiders own about 3.16% to 6.35%, and retail investors hold around 7.47% to 21.81%. Major institutional owners include Vanguard Group Inc., Blackrock Inc., and Fmr LLC. The largest individual shareholder is Ronald J. Kruszewski.