Stifel Financial Corp. Reports Record Highs in Client Assets and Treasury Deposits for October 2025

Stifel Financial reported record highs in client and fee-based assets, along with growth in treasury deposits and bank loans.

Quiver AI Summary

Stifel Financial Corp. reported its operating results for October 31, 2025, showcasing significant growth in total client assets, which increased 12% year-over-year to reach a record high of $549.98 billion, and fee-based client assets, up 18% to $222.82 billion, driven by market gains and strong net inflows. Treasury deposits saw a remarkable 35% rise from the previous year, balancing a decline in client money market and insured product balances. Additionally, bank loans rose by 1% since September, supported by various lending sectors. The company emphasizes that this data is preliminary and correlations to earnings should not be assumed.

Potential Positives

Total client assets reached a record high of $549,984 million, representing a 12% year-over-year increase.
Fee-based client assets also reached a record high of $222,818 million, showing an 18% year-over-year growth.
Treasury deposits grew significantly by 35% compared to the prior year, indicating strong performance in deposit initiatives.
Bank loans increased by 1% since September, indicating sustained growth in lending activities.

Potential Negatives

The press release explicitly states that the reported operating results do not allow for a consistent correlation to earnings, which raises concerns about the reliability of the data presented.
Client money market and insured product balances decreased by 8% year-over-year, indicating potential loss of client confidence or shifting investment preferences.
The overall growth in bank loans was only 1% since September, suggesting limited momentum in lending activities compared to other areas of growth within the company.

FAQ

What are Stifel Financial's total client assets as of October 31, 2025?

Stifel Financial's total client assets reached $549,984 million, a 12% increase year-over-year.

How much did fee-based client assets grow in 2025?

Fee-based client assets increased by 18% in 2025, reaching $222,818 million.

What drove the growth in Treasury deposits?

The 35% growth in Treasury deposits was driven by effective venture and fund banking deposit initiatives.

What was the change in bank loans compared to September 2025?

Bank loans rose 1% since September 2025, reaching a net total of $21,796 million.

Which segments contributed to client asset growth at Stifel?

The growth in client assets was driven by market appreciation and strong net asset inflows.

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 Congressional Stock Trading

Members of Congress have traded $SF stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

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REPRESENTATIVE LISA C. MCCLAIN purchased up to $15,000 on 06/17.

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$SF Insider Trading Activity

$SF insiders have traded $SF stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.

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JAMES M ZEMLYAK (Co-President) has made 4 purchases buying 9 shares for an estimated $1,012 and 0 sales.

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$SF Hedge Fund Activity

We have seen 303 institutional investors add shares of $SF stock to their portfolio, and 250 decrease their positions in their most recent quarter.

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FMR LLC removed 3,113,484 shares (-34.7%) from their portfolio in Q3 2025, for an estimated $353,287,029
MILLENNIUM MANAGEMENT LLC removed 560,184 shares (-28.0%) from their portfolio in Q3 2025, for an estimated $63,564,078
CEREDEX VALUE ADVISORS LLC added 494,635 shares (+inf%) to their portfolio in Q3 2025, for an estimated $56,126,233
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$SF Analyst Ratings

Wall Street analysts have issued reports on $SF in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

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JMP Securities issued a "Market Outperform" rating on 10/09/2025
Citigroup issued a "Buy" rating on 07/31/2025
Wells Fargo issued a "Overweight" rating on 07/11/2025

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$SF Price Targets

Multiple analysts have issued price targets for $SF recently. We have seen 7 analysts offer price targets for $SF in the last 6 months, with a median target of $131.0.

Here are some recent targets:

Michael Cho from JP Morgan set a target price of $133.0 on 10/23/2025
Devin Ryan from JMP Securities set a target price of $135.0 on 10/09/2025
Bill Katz from TD Cowen set a target price of $131.0 on 10/08/2025
Brennan Hawken from BMO Capital set a target price of $121.0 on 10/03/2025
Christopher Allen from Citigroup set a target price of $135.0 on 07/31/2025
Michael Brown from Wells Fargo set a target price of $125.0 on 07/11/2025

Full Release

ST. LOUIS, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for October 31, 2025, 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 client assets and fee-based client assets reached record highs, increasing 12% and 18% year-over-year, respectively, driven by market appreciation and strong net asset inflows. Treasury deposits grew 35% over the prior year, reflecting the effectiveness of our venture and fund banking deposit initiatives, essentially offsetting declines in client money market and insured product balances. Bank loans rose 1% since September, supported by higher residential, securities-based, and commercial lending.”

Selected Operating Data (Unaudited)
	As of			% Change
(millions)	10/31/2025	10/31/2024	9/30/2025	10/31/2024		9/30/2025
Total client assets	$ 549,984	$493,469	$544,010	12	%	1	%
Fee-based client assets	$ 222,818	$189,326	$219,178	18	%	2	%
Private Client Group fee-based client assets	$ 194,728	$165,530	$191,688	18	%	2	%
Bank loans, net (includes loans held for sale)	$ 21,796	$20,722	$21,635	5	%	1	%
Client money market and insured product ⁽¹⁾	$ 25,505	$27,613	$26,377	(8	)%	(3	)%
Treasury deposits ⁽²⁾	$ 8,006	$5,953	$7,787	35	%	3	%

(1) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
(2) Includes Other Bank deposits and Third-party Commercial Treasury deposits, which represent Venture, Fund, and Commercial deposits at Stifel Bancorp and third-party banks.