Stifel Financial ( (SF) ) has issued an announcement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Stifel Financial Corp. reported an increase in total client assets by 15% and fee-based assets by 20% from the previous year, attributing the growth to effective recruiting and market appreciation. Despite a slight month-on-month increase of 1% in client money market and insured product balances, the company cautions that these figures should not be taken as a direct indicator of earnings due to market volatility and timing of deal closings. Stifel remains optimistic about stronger investment banking revenue in the latter half of the year as activity levels rise.
For an in-depth examination of SF stock, go to TipRanks’ Stock Analysis page.