Stifel Financial Corp. Reports Selected Operating Results for May 2025

Stifel Financial Corp. reports May 2025 operating results, highlighting increases in client assets but decreased investment banking activity.

Quiver AI Summary

Stifel Financial Corp. announced its operating results as of May 31, 2025, highlighting a 3% increase in total client assets and a 4% rise in fee-based assets driven by recruiting and market appreciation, despite a slight decline in client money market and insured product levels. CEO Ronald J. Kruszewski noted that while investment banking activity was affected by market volatility in April, there has been renewed momentum and an improving pipeline as markets stabilize, although investment banking revenue is expected to drop about 10% compared to the second quarter of 2024. Overall, Stifel remains cautiously optimistic about its performance for the full year 2025.

Potential Positives

Stifel Financial Corp. reported a 3% increase in total client assets and a 4% increase in fee-based assets as of May 31, 2025, indicating growth in their asset management capabilities.
Private Client Group fee-based client assets rose by 12%, reflecting a strong performance in the wealth management sector.
The company anticipates an increase in investment banking momentum and a building pipeline as markets stabilize, suggesting a positive outlook for future revenue despite current challenges.

Potential Negatives

Investment banking revenue is anticipated to decrease by approximately 10% from the second quarter of 2024, highlighting potential challenges in this area under current market conditions.
The release indicates a decrease in client money market and insured product levels, which could suggest a lack of capital inflow and investor confidence.
The statement cautions against assuming a consistent correlation between the reported operating results and overall earnings, which may signal uncertainty in financial stability.

FAQ

What were Stifel Financial's total client assets as of May 31, 2025?

Total client assets were $501,357 million, an increase of 8% from the previous year.

How did fee-based assets change in May 2025?

Fee-based assets increased by 4% to $199,078 million compared to the previous month.

What factors affected Stifel's investment banking revenue?

Increased market volatility impacted investment banking activity, resulting in an expected 10% decline in revenue for Q2 2025.

Who is the CEO of Stifel Financial Corp.?

Ronald J. Kruszewski is the Chairman and Chief Executive Officer of Stifel Financial Corp.

Where is Stifel Financial Corp. headquartered?

Stifel Financial Corp. is headquartered in St. Louis, Missouri.

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.

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Full Release

ST. LOUIS, June 26, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for May 31, 2025, in an effort 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, “In May, recruiting and market appreciation drove a 3% increase in total client assets and a 4% increase in fee-based assets. Client money market and insured product levels decreased less than 1% during the month primarily due to lower Smart Rate balances as Sweep balances experienced a slight decline. Investment banking activity was negatively impacted by increased market volatility in April, but we have seen momentum increase and our pipelines build throughout the quarter as markets have stabilized. As a result, we anticipate investment banking revenue in the quarter to be down approximately 10% from the second quarter of 2024 but we remain cautiously optimistic for the full year 2025.”

Selected Operating Data (Unaudited)
	As of			% Change
(millions)	5/31/2025	5/31/2024	4/30/2025	5/31/2024	4/30/2025
Total client assets	$501,357	$465,959	$485,551	8%	3%
Fee-based client assets	$199,078	$176,461	$190,545	13%	4%
Private Client Group fee-based client assets	$173,557	$154,544	$166,029	12%	5%
Bank loans, net (includes loans held for sale)	$21,204	$19,822	$21,536	7%	(2)%
Client money market and insured product ⁽¹⁾	$25,827	$26,230	$26,073	(2)%	(1)%

(1) Includes Sweep deposits, Smart Rate deposits, Third-party Bank Sweep Program, and Other Sweep cash.