Stifel Reports January 2024 Operating Data; Ronald J. Kruszewski, Chairman And CEO, Says, "Client Assets Under Administration And Fee-Based Assets Increased 1% From The Prior Month And Reached Record Levels Of $447B And $167B, Respectively
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Stifel Financial Corp. (NYSE:SF) reported January 2024 operating data, highlighting a 1% increase in client assets under administration and fee-based assets to record levels of $447B and $167B, respectively. Despite a seasonal decline in sweep deposits, overall client cash remained stable. Bank loans saw a slight decrease, while client money market and insured products dipped by 1%.
February 22, 2024 | 9:39 pm
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Stifel Financial Corp. (SF) reported a 1% increase in client assets under administration and fee-based assets, reaching new highs of $447 billion and $167 billion, respectively, in January 2024.
The increase in client assets under administration and fee-based assets to record levels indicates a positive performance and growth trajectory for Stifel Financial Corp. This growth, driven by strong equity markets and solid recruiting pipelines, is likely to be viewed positively by investors, potentially leading to a short-term increase in SF's stock price.
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