Stifel Financial Sees Client Assets and Revenue Growth

Stifel Financial ( (SF) ) has issued an announcement.

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.

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