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ST. LOUIS - Stifel Financial Corp. (NYSE:SF), the $10.6 billion financial services firm currently trading at favorable valuations according to InvestingPro analysis, reported a 3% increase in total client assets to $501.4 billion for May 2025, driven by recruiting and market appreciation, according to a company statement Thursday. The financial services firm, which has demonstrated strong financial health with a 14.9% revenue growth over the last twelve months, said fee-based assets rose 4% to $199.1 billion during the month, while client money market and insured product levels decreased less than 1%, primarily due to lower Smart Rate balances. Stifel’s investment banking activity faced headwinds from increased market volatility in April, but the company noted momentum has improved as markets stabilized.
The firm expects second-quarter investment banking revenue to decline approximately 10% compared to the same period in 2024. "We remain cautiously optimistic for the full year 2025," said Ronald J. Kruszewski, Chairman and Chief Executive Officer, in the press release. Year-over-year comparisons showed more substantial growth, with total client assets up 8% from May 2024’s $466 billion. Fee-based client assets increased 13% from $176.5 billion in the prior year, while Private Client Group fee-based assets grew 12% to $173.6 billion.
Bank loans decreased 2% from April to $21.2 billion but remained 7% higher than the previous year. Stifel provides securities brokerage, investment banking, trading, and advisory services through several subsidiaries including Stifel, Nicolaus & Company, Keefe, Bruyette & Woods, and Stifel Independent Advisors in the United States, with additional operations in Canada, the United Kingdom, and Europe. In other recent news, Stifel Financial Corporation reported its first-quarter 2025 earnings, revealing a challenging period with earnings per share (EPS) of $0.49, significantly below the expected $1.74. The company’s revenue reached $1.26 billion, slightly under the forecast of $1.3 billion, with a notable $180 million legal charge impacting the bottom line. Despite this, Stifel achieved record-high first-quarter revenue, marking an 8% year-over-year increase.
In a strategic move, Stifel completed the acquisition of Bryan, Garnier & Co., a European investment bank, to enhance its capabilities in the technology and healthcare sectors across Europe. This acquisition aligns with Stifel’s goal to become a leading global investment bank for the middle market. Additionally, Wolfe Research upgraded Stifel’s stock rating from Peer Perform to Outperform, setting a price target of $108, citing the company’s strong fundamentals and potential for growth. Furthermore, Victor Nesi, Co-President of Stifel, announced his retirement effective July 2025, transitioning to a role on the Board of Directors, after significantly contributing to the firm’s growth over 16 years. This article was generated with the support of AI and reviewed by an editor.
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Stifel reports 3% increase in total client assets for May 2025
June 26, 2025 01:25 PM PDT | By EODHD
