Stifel Financial hires Ed Ribaudo as head of leveraged finance capital markets » 08:3209/2309/23/21
Stifel Financial announced the hiring of Ed Ribaudo as a Managing Director and Head of Leveraged Finance Capital Markets. In this new role, Mr. Ribaudo is responsible for leading the firm's Leveraged Finance Capital Markets and Syndicate functions and is based in Stifel's New York City office. Mr. Ribaudo joins Stifel from Houlihan Lokey, where he co-founded and built the firm's syndicated leveraged finance platform, enabling it to provide underwritten commitments on broadly syndicated leveraged loans.
Stifel Financial management to meet virtually with JMP Securities » 13:2809/2109/21/21
Virtual Meeting to be…
Virtual Meeting to be held on September 30 hosted by JMP Securities.
|Over a week ago|
Jefferies sued in the UK over poaching rival's staff, clients, Bloomberg says » 06:5809/0309/03/21
Jefferies Financial Group's international division was sued in the UK over claims it organized a move to poach six employees from Stifel Financial's European arm, Bloomberg's Ellen Milligan reports, citing documents for a court hearing. Stifel alleges the U.S. bank induced the people, who worked across banking and sales, to depart in October 2019 and the former employees took three clients, leading to "substantial loss and damage". Reference Link
|Over a month ago|
Stifel Financial reports Q2 adjusted EPS $1.70, consensus $1.35 » 07:0207/2807/28/21
Reports Q2 revenue $1.2B,…
Reports Q2 revenue $1.2B, consensus $1.06B. Ronald Kruszewski, Chairman and CEO, said "Our results in the first half of 2021 are impressive. We generated consecutive quarters of record net revenue and our improved operating scale drove record non-GAAP earnings for both the quarter and the first half of the year. With both of the firm's operating segments driving our performance, I am optimistic that these results can be sustained, as illustrated by our increased guidance for the remainder of the year."
|Over a quarter ago|
Stifel Financial upgraded to Outperform from Underperform at Wolfe Research » 06:3906/2306/23/21
Wolfe Research analyst…
Wolfe Research analyst Steven Chubak upgraded Stifel Financial to Outperform from Underperform citing valuation and better than anticipated fundamentals.
KBW appoints Matthew Kelley as director of research » 09:2006/0706/07/21
Keefe, Bruyette &…
Keefe, Bruyette & Woods named Matthew Kelley as Director of Research, based in New York. He succeeds Fred Cannon, who retired from the firm earlier this year. Prior to joining KBW, Mr. Kelley was a Principal and Director of Research at Sirios Capital Management, where he led many initiatives including strategic development and thought leadership, and also managed the firm's summer associate and associate analyst programs.
Stifel Financial reports Q1 EPS $1.50, consensus $1.39 » 07:0404/2704/27/21
Reports Q1 revenue $1.1B,…
Reports Q1 revenue $1.1B, consensus $1.07B. "I am pleased with our first quarter results as we generated record net revenue and the second highest earnings per share in Stifel's history," stated Ronald Kruszewski, chairman and CEO of Stifel. "The strength of our performance was driven by record revenue in both our operating segments, Global Wealth Management and Institutional Group. The operating environment in 2021 has been a tailwind to our business as the equity markets are up, client engagement is strong, credit remains solid, and investment banking activity surged. Our results in the quarter again illustrate the benefits of our diverse business as the investments we have made have enabled us to participate in these robust market conditions to a far greater magnitude than we could have in years past. Looking forward, Stifel is well positioned for another strong year."
Stifel Financial price target raised to $77 from $60 at JMP Securities » 06:5804/0904/09/21
JMP Securities analyst…
JMP Securities analyst Devin Ryan raised the firm's price target on Stifel Financial to $77 from $60 and keeps an Outperform rating on the shares as part of a broader research note on investment banks, brokers, and alternative asset managers. The analyst states that virtually all businesses performed well during Q1, with record capital markets activity, an active M&A backdrop, elevated transactional activity and engagement in both retail and institutional trading & investing.
Stifel to rebrand Century Security Associates unit » 14:5103/1603/16/21
Stifel Financial (SF)…
Stifel Financial (SF) announced plans to rebrand its Century Security Associates, subsidiary to Stifel Independent Advisors and has hired industry veteran Alex David to serve as President and CEO of the independent contractor broker-dealer. "While Stifel has proven to be a compelling and attractive option for traditional advisors, we have surveyed the competitive landscape, and it's clear we are just as compelling an option for independent advisors," said Ron Kruszewski, Chairman and CEO of Stifel. "Through our long established independent subsidiary, Stifel has served independent advisors for 30 years. We already offer the products, services, technology, and support to help independent advisors better serve their clients and grow their careers. Until now, we simply have not emphasized this channel. This is about to change. With the addition of Alex David and the plans to rebrand our independent channel as 'Stifel Independent Advisors,' we expect to see significant growth as we become the premier destination for advisors seeking to go independent." David joins Stifel after spending 13 years at Wells Fargo Advisors (WFC), where he was Head of Branch Development and Marketing for the firm's independent brokerage arm, Wells Fargo Advisors Financial Network, FiNet. In this role, he guided FiNet's business development and market strategy and led a team responsible for recruiting, consulting, coaching, and managing independent financial advisors. Prior to that, as Managing Director from 2008-2014, he helped bring in more than $55B in assets through recruiting and M&A activity.
Capital Link to hold a virtual forum » 04:5503/0303/03/21
AAVMY, ASC, ATCO, C, CIT, CPLP, DAC, GLOG, GLOP, GMLP, GNK, GOGL, GRIN, ESEA, TNP, SHIP, SF, SBLK, SB, PXS, NDAQ, JPM, JEF, INSW
15th Annual Capital Link…
15th Annual Capital Link International Shipping Virtual Forum will be held on March 2-3. Webcast Link