Stifel Financial reports May operating results, highlighting asset growth and strong investment banking momentum amid solid market conditions.
Quiver AI Summary
Stifel Financial Corp. announced strong operating results for May 31, 2026, with total client assets rising 18% and fee-based client assets increasing 23% year-over-year, excluding the impact of their recent sale of Stifel Independent Advisors, LLC. The growth was attributed to market appreciation and effective advisor recruiting. Loan balances also saw a more than 2% increase from the previous month, reflecting robust demand in fund banking. However, treasury deposits dropped by 3% due to corporate clients’ inflow and outflow timing, though the company anticipates strong growth in this area moving forward. Stifel reported positive momentum in investment banking, projecting a 25% to 30% revenue increase for the second quarter compared to the same period in 2025.
Potential Positives
- Total client assets increased by 16% year-over-year, indicating strong overall growth in the company’s asset management.
- Fee-based client assets rose by 20% year-over-year, highlighting the firm's effective client engagement and service offerings.
- Investment banking revenue is expected to increase by 25% to 30% compared to the same quarter last year, showcasing the company's strong market position and activity in capital raising.
Potential Negatives
- Decline in treasury deposits by 3% could indicate challenges in managing client liquidity and may reflect decreased trust or a shift in investment preferences among corporate clients.
- The noted decrease in client money market and insured products by 3% suggests potential liquidity concerns or reduced attractiveness of these offerings.
- The press release indicates a cautionary note regarding the correlation of selected operating results to earnings, which may raise concerns among investors about the future financial performance and reliability of reported metrics.
FAQ
What are the latest operating results for Stifel Financial Corp.?
Stifel Financial Corp. reported significant increases in total and fee-based client assets, up 18% and 23% year-over-year, respectively.
What drove Stifel’s growth in May 2026?
Growth was primarily driven by market appreciation and solid advisor recruiting, contributing to increased client assets.
How did loan balances perform in May 2026?
Loan balances rose more than 2% from the prior month, indicating robust demand in fund banking.
What was the status of treasury deposits in May 2026?
Treasury deposits declined 3% in May due to timing factors, but strong growth is expected in the upcoming quarter.
What projections does Stifel have for investment banking revenue?
Stifel expects second-quarter investment banking revenue to increase by 25% to 30% compared to the same quarter in 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SF Insider Trading Activity
$SF insiders have traded $SF stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $SF stock by insiders over the last 6 months:
- DAVID RUBULOTTA sold 400 shares for an estimated $49,724
- JAMES M ZEMLYAK (President) sold 9 shares for an estimated $1,115
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SF Revenue
$SF had revenues of $1.5B in Q1 2026. This is an increase of 17.74% from the same period in the prior year.
You can track SF financials on Quiver Quantitative's SF stock page.
You can access data on SF stock through the Quiver Quantitative API.
$SF Hedge Fund Activity
We have seen 331 institutional investors add shares of $SF stock to their portfolio, and 335 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AQR CAPITAL MANAGEMENT LLC added 4,129,087 shares (+95.1%) to their portfolio in Q1 2026, for an estimated $305,222,111
- MACQUARIE GROUP LTD removed 1,600,731 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $133,629,023
- JACOBS LEVY EQUITY MANAGEMENT, INC added 1,364,978 shares (+inf%) to their portfolio in Q1 2026, for an estimated $100,899,173
- WELLINGTON MANAGEMENT GROUP LLP removed 1,295,360 shares (-25.9%) from their portfolio in Q1 2026, for an estimated $95,753,011
- ALYESKA INVESTMENT GROUP, L.P. removed 980,132 shares (-98.1%) from their portfolio in Q1 2026, for an estimated $72,451,357
- CHANNING CAPITAL MANAGEMENT, LLC removed 960,468 shares (-87.8%) from their portfolio in Q1 2026, for an estimated $70,997,794
- BALYASNY ASSET MANAGEMENT L.P. removed 940,129 shares (-93.4%) from their portfolio in Q1 2026, for an estimated $69,494,335
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$SF Analyst Ratings
Wall Street analysts have issued reports on $SF in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Citizens issued a "Market Outperform" rating on 01/12/2026
To track analyst ratings and price targets for $SF, check out Quiver Quantitative's $SF forecast page.
$SF Price Targets
Multiple analysts have issued price targets for $SF recently. We have seen 4 analysts offer price targets for $SF in the last 6 months, with a median target of $114.0.
Here are some recent targets:
- Michael Brown from UBS set a target price of $89.0 on 04/08/2026
- Bill Katz from TD Cowen set a target price of $92.0 on 03/23/2026
- Devin Ryan from Citizens set a target price of $155.0 on 01/12/2026
- Michael Cho from JP Morgan set a target price of $136.0 on 01/08/2026
Full Release
ST. LOUIS, June 25, 2026 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for May 31, 2026, to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
Ronald J. Kruszewski , Chairman and Chief Executive Officer, said, “Total and fee-based client assets increased 18% and 23%, respectively, year-over-year, excluding the sale of Stifel Independent Advisors, LLC. Growth was driven by market appreciation and solid advisor recruiting. Loan balances rose more than 2% from the prior month as demand in fund banking remained robust. Treasury deposits declined 3% in May, which was primarily a function of the timing of inflows and outflows by our corporate clients, but we continue to expect strong growth in the second quarter and beyond. Investment banking momentum remains strong, supported by increased capital raising activity. We expect second-quarter investment banking revenue to increase 25% to 30% from the second quarter of 2025.”
| Selected Operating Data (Unaudited) | |||||||||||
| As of | % Change | ||||||||||
| (millions) | 5/31/2026 | 5/31/2025 (1) | 4/30/2026 | 5/31/2025 | 4/30/2026 | ||||||
| Total client assets | $ | 579,678 | $ | 501,357 | $ | 568,887 | 16 | % | 2 | % | |
| Fee-based client assets | $ | 238,727 | $ | 199,078 | $ | 232,400 | 20 | % | 3 | % | |
| Private Client Group fee-based client assets | $ | 208,755 | $ | 173,557 | $ | 202,919 | 20 | % | 3 | % | |
| Bank loans, net (includes loans held for sale) | $ | 23,932 | $ | 21,204 | $ | 23,409 | 13 | % | 2 | % | |
| Client money market and insured product ( 2 ) | $ | 24,967 | $ | 25,827 | $ | 25,038 | (3 | %) | (0 | %) | |
| Treasury deposits ( 3 ) | $ | 10,805 | $ | 6,155 | $ | 11,116 | 76 | % | (3 | %) | |
(1) Total client assets and Private Client Group fee-based client assets as of May 31, 2025, include $9.3 billion and $4.4 billion, respectively, of client assets from the Stifel Independent Advisors business that was sold on February 2, 2026.
(2) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
(3) Includes Other Bank deposits and Third-party Commercial Treasury deposits, which represent Venture, Fund, and Commercial deposits at Stifel Bancorp and third-party banks.
Company Information
Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services to individuals, institutions, and municipalities. Founded in 1890 and headquartered in St. Louis, Missouri, the firm operates more than 400 offices across the United States and in major global financial centers. As a firm where success meets success, Stifel works closely with retail and institutional clients aiming to transform opportunities into achievement. To learn more about Stifel, please visit the Company’s website at www.stifel.com . For global disclosures, please visit www.stifel.com/investor-relations/press-releases .
Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271- 3610 | www.stifel.com/investor-relations
