Stifel Financial Corp. Reports October 2024 Operating Results Highlighting Asset Growth Amid Market Variability
Stifel Financial Corp. Reports October 2024 Operating Results Highlighting Asset Growth Amid Market Variability
Fee-based client assets increased by 28% year-over-year, totaling $189,326 million as of October 31, 2024.Stifel Financial reports growth in client assets; however, recent market declines caused slight decreases from September levels.
stifel financial报告客户资产增长；然而，近期市场下跌导致与9月份水平相比略有下降。
Quiver AI Summary
Quiver AI 概要
Stifel Financial Corp. reported its operating results as of October 31, 2024, highlighting a significant increase in total client assets and fee-based assets, rising by 22% and 28% respectively compared to the previous year, largely due to strong market performance and successful recruitment efforts. However, both metrics showed a slight decline of 1% from September 2024, attributed to recent market downturns. The company also noted a positive trend in client cash levels, with a 2% increase in client money market and insured product balances. The press release provides a snapshot of Stifel's financial operations, emphasizing its role in financial services through various subsidiaries while cautioning that the provided data should not be directly correlated with earnings.
stifel financial corp.于2024年10月31日报告了经营业绩，强调总客户资产和基于费用的资产显著增加，分别比去年增长22%和28%，这主要得益于强劲的市场表现和成功的招聘努力。然而，两个指标与2024年9月相比均略有下降1%，这可归因于近期的市场下跌。该公司还注意到客户现金水平的正面趋势，客户货币市场和受保险产品余额增加了2%。新闻稿提供了stifel的金融操作快照，强调其通过各子公司的金融服务角色，同时提醒提供的数据不应与收益直接相关。
Potential Positives
潜在的积极因素
- Total client assets increased by 22% year-over-year, indicating strong growth in the company's asset management capabilities.
- Fee-based client assets rose by 28% compared to the same period last year, highlighting the company's success in generating recurring revenue streams.
- Positive trends in client cash levels, with a 2% increase in money market and insured product balances, suggest strong client trust and engagement.
- 总客户资产同比增长22%，这表明公司资产管理能力强劲增长。
- 基于费用的客户资产较去年同期增长28%，突显了公司在创造经常性营业收入方面的成功。
- 客户现金水平呈现积极趋势，货币市场和受保险产品余额增加2%，这表明客户的信任和参与度较高。
Potential Negatives
潜在负面影响
- Despite an overall increase in total client assets and fee-based assets year-over-year, both metrics declined by 1% compared to the previous month, indicating potential volatility or instability in their financial performance.
- The statement highlights that the correlation between the reported operating metrics and actual earnings should not be assumed, which may raise concerns about the sustainability of the business's growth.
- The lack of growth in bank loans, net, which remained constant at $20,722 million, may indicate challenges in lending activity or a cautious approach to loan growth.
- 尽管总客户资产和基于费用的资产同比有所增加，但与上个月相比，这两个指标均下降了1%，这表明其财务业绩可能存在波动或不稳定。
- 该声明强调，报告的经营指标与实际收益之间的关联不应被假定，这可能引发对业务增长可持续性的担忧。
- 银行贷款净额的缺乏增长保持在2072200万，这可能表明放贷活动面临挑战或对贷款增长采取谨慎态度。
FAQ
常见问题
What were Stifel Financial's total client assets as of October 31, 2024?
到2024年10月31日，stifel financial的总客户资产是多少？
Stifel Financial reported total client assets of $493,469 million as of October 31, 2024, a 22% increase year-over-year.
到2024年10月31日，stifel financial报告的总客户资产为49346900万，同比增加22%。
How much did fee-based client assets grow from last year?
基于费用的客户资产从去年增长了多少？
Fee-based client assets increased by 28% year-over-year, totaling $189,326 million as of October 31, 2024.
到2024年10月31日，基于费用的客户资产同比增长了28%，总计为18932600万。
Did Stifel Financial see any month-over-month changes in client assets?
Stifel financial在客户资产方面是否出现了环比变化？
Yes, total client assets and fee-based assets both declined by 1% compared to September 2024 levels.
是的，总客户资产和基于费用的资产与2024年9月相比均下降了1%。
What changes occurred in client money market and insured product balances?
客户货币市场和保险产品余额发生了哪些变化？
Client money market and insured product balances increased by 2% in October, amounting to $27,613 million.
客户货币市场和保险产品余额在10月增加了2%，达到了2761300万。
What factors contributed to Stifel's growth in client assets?
哪些因素促成了Stifel客户资产的增长？
Stifel benefited from strong market appreciation and effective recruiting efforts, leading to significant growth in client assets.
Stifel受益于强劲的市场升值和有效的招聘工作，导致客户资产显著增长。
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.
免责声明：这是由GlobeNewswire分发的新闻稿的人工智能生成摘要。用于总结这份稿件的模型可能会出错。请在这里查看完整发布。
$SF Congressional Stock Trading
$SF国会股票交易
Members of Congress have traded $SF stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
国会议员在过去6个月中交易了$SF股票2次。在这些交易中，0次是购买，2次是出售。
Here's a breakdown of recent trading of $SF stock by members of Congress over the last 6 months:
以下是过去6个月国会议员最近交易$SF股票的细分情况：
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 10/31, 06/21.
- 代表乔什·戈特海默（REPRESENTATIVE JOSH GOTTHEIMER）交易了2次。他们在10/31和06/21进行了2次销售，价值最高为$30,000，未进行购买。
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
要追踪国会股票交易，请查看Quiver Quantitative的国会交易仪表板。
$SF Insider Trading Activity
$SF 内幕交易活动
$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.
$SF内部人士在过去6个月中在公开市场上交易了$SF股票2次。在这些交易中，0次是购买，2次是出售。
Here's a breakdown of recent trading of $SF stock by insiders over the last 6 months:
以下是过去 6 个月内部人士对 $SF 股票的最近交易情况：
- VICTOR NESI (Co-President) sold 10,500 shares.
- DAVID D SLINEY (Chief Operating Officer) sold 25,000 shares.
- 维克托·尼西（共同总裁）出售了 10,500 股。
- 大卫·D·斯莱尼（首席运营官）出售了 25,000 股。
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
要跟踪内部交易，请查看Quiver Quantitative的内部交易特斯拉-仪表。
$SF Hedge Fund Activity
$SF对冲基金活动
We have seen 198 institutional investors add shares of $SF stock to their portfolio, and 243 decrease their positions in their most recent quarter.
我们看到198个机构投资者在最近一个季度增加了对$SF股票的持有，243个减少了他们的持仓。
Here are some of the largest recent moves:
以下是一些最近最大的交易动态：
- FMR LLC added 1,256,595 shares (+18.8%) to their portfolio in Q3 2024
- SILVERCREST ASSET MANAGEMENT GROUP LLC removed 1,228,359 shares (-51.0%) from their portfolio in Q3 2024
- WELLINGTON MANAGEMENT GROUP LLP added 860,465 shares (+78.3%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC added 625,853 shares (+113.7%) to their portfolio in Q3 2024
- BALYASNY ASSET MANAGEMENT L.P. removed 379,268 shares (-54.4%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC added 367,670 shares (+58.5%) to their portfolio in Q3 2024
- LSV ASSET MANAGEMENT removed 244,900 shares (-14.0%) from their portfolio in Q3 2024
- FMR LLC在2024年第三季度增加了1,256,595股（+18.8%）的持有。
- silvercrest asset management group LLC在2024年第三季度减少了1,228,359股（-51.0%）的持有。
- WELLINGTON ASSET MANAGEMENT GROUP LLP在2024年第三季度增加了860,465股（+78.3%）的持有。
- MILLENNIUM ASSET MANAGEMENT LLC在2024年第三季度增加了625,853股（+113.7%）的持有。
- BALYASNY ASSET MANAGEMENT L.P.在2024年第三季度减少了379,268股（-54.4%）的持有。
- 高盛集团在2024年第三季度增加了367,670股(+58.5%)到他们的投资组合中
- LSV 资产管理在2024年第三季度从他们的投资组合中移除244,900股(-14.0%)
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要追踪对冲基金的股票组合，请查看Quiver Quantitative的机构持股仪表板。
Full Release
全面发布
ST. LOUIS, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for October 31, 2024 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.
圣路易斯，2024年11月21日（环球新闻）- 斯特菲尔金融公司（纽交所：SF）今天公布了截至2024年10月31日的选定运营结果，以便向投资者提供关于某些关键业绩指标的及时信息。由于该数据的有限性，不能假定与收益之间存在一致的关联。
Ronald J. Kruszewski
,
Chairman and Chief Executive Officer, said, "Total client assets and fee-based assets increased 22% and 28%, respectively, from the same period a year ago, as we benefitted from strong market appreciation and our recruiting efforts. However, both metrics declined 1%, versus September 2024 levels, due to market declines. We continue to see positive trends in client cash levels, as client money market and insured product balances increased 2% in October, driven by growth in both Smart Rate and Sweep balances."
罗纳德·J·克鲁泽夫斯基
,
董事长兼首席执行官表示：“客户总资产和基于费用的资产与去年同期相比分别增长了22%和28%，这得益于强劲的市场升值和我们的招聘工作。然而，由于市场下跌，这两个指标较2024年9月水平下降了1%。我们继续观察到客户现金水平的积极趋势，因为客户货币市场和保险产品的余额在十月增长了2%，这是由于智能利率和清扫余额的增长所推动的。”
|
Selected Operating Data (Unaudited) | |||||||||
|
As of |
% Change |
||||||||
|
(millions) |
10/31/2024 |
10/31/2023 |
9/30/2024 |
10/31/2023 |
9/30/2024 |
||||
|
Total client assets |
$493,469 |
$404,057 |
$496,298 |
22% |
(1)% |
||||
|
Fee-based client assets |
$189,326 |
$147,667 |
$190,771 |
28% |
(1)% |
||||
|
Private Client Group fee-based client assets |
$165,530 |
$129,687 |
$166,768 |
28% |
(1)% |
||||
|
Bank loans, net (includes loans held for sale) |
$20,722 |
$20,654 |
$20,633 |
0% |
0% |
||||
|
Client money market and insured product (1) |
$27,613 |
$25,184 |
$26,970 |
10% |
2% |
||||
|
精选营运数据（未经审计） | |||||||||
|
截至 |
变更百分比 |
||||||||
|
（百万） |
10/31/2024 |
10/31/2023 |
9/30/2024 |
10/31/2023 |
9/30/2024 |
||||
|
客户资产总额 |
$493,469 |
$404,057 |
$496,298 |
22% |
(1)% |
||||
|
基于费用的客户资产 |
$189,326 |
$147,667 |
$190,771 |
28% |
(1)% |
||||
|
私人客户群的基于费用的客户资产 |
$165,530 |
$129,687 |
$166,768 |
28% |
(1)% |
||||
|
银行贷款，净额（包括待售贷款） |
$20,722 |
$20,654 |
$20,633 |
0% |
0% |
||||
|
客户货币市场和投保产品 (1) |
$27,613 |
$25,184 |
$26,970 |
10% |
2% |
||||
(1) Includes Smart Rate deposits, Sweep deposits, Third-party Bank Sweep Program, and Other Sweep cash.
(1) 包括智能利率存款、自动转存款、第三方银行自动转存计划和其他自动转存现金。
Company Information
公司信息
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel's broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company's broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company's website at
. For global disclosures, please visit
.
Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel's broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company's broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company's website at
. For global disclosures, please visit
.
Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271-3610 |
Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271-3610 |
