Stifel Financial hires Rob Wagman as senior advisor » 08:3606/2906/29/20
Stifel Financial (SF)…
Stifel Financial (SF) announced the hiring of Rob Wagman, former President and CEO of LKQ Corp. (LKQ), as a senior advisor. He will primarily work with Stifel's growing investment banking team, which includes a diverse group of senior investment bankers covering all facets of the global automotive, mobility, capital goods, auto aftermarket, and auto technology sectors. Mr. Wagman currently serves as a board member to a number of leading automotive aftermarket and industrial companies and brings to Stifel more than three decades of experience as a senior executive.
|Over a week ago|
Stifel Financial initiated with a Neutral at Credit Suisse » 16:1506/2206/22/20
Credit Suisse analyst…
Credit Suisse analyst Craig Siegenthaler initiated coverage of Stifel Financial with a Neutral rating and $52 price target. The stock trades at an attractive valuation and offers strong historical growth, the analyst tells investors in a research note, but also notes that he is concerned with the macro headwinds in wealth management and in the company's institutional business. Siegenthaler adds that new regulations could weigh on Stifel's future organic growth.
|Over a month ago|
Stifel fined over $3.6M by FINRA for investment trust violations » 09:3705/2805/28/20
FINRA announced that it…
FINRA announced that it has ordered Stifel Financial to pay approximately $1.9M in restitution, plus interest, to more than 1,700 customers in connection with early rollovers of Unit Investment Trusts. FINRA also fined the firm $1.75M for :providing inaccurate information to customers related to rollover costs incurred, and for related supervisory violations." Reference Link
Stifel Financial director Dubinsky sells almost $329K in company shares » 16:5905/2605/26/20
Stifel Financial director…
Stifel Financial director John Dubinsky disclosed in a filing that he had sold 7,000 shares of company stock at $46.98 per share between May 21 through May 26. The total transaction value of the sale was $328,880.
Stifel Financial, Nasdaq sign new market technology agreement » 09:1405/2005/20/20
Stifel Financial (SF) and…
Stifel Financial (SF) and Nasdaq (NDAQ) announced that Stifel will leverage Nasdaq technology for its new Alternative Trading System, developed and powered by Nasdaq's Market Technology. The Stifel Crossing Platform is targeted to go live next month and will offer unique liquidity to the firm's 3,500 institutional clients. The U.S.-based wealth management and investment banking firm will be the first regional broker to launch a platform of this kind. The system will enhance Stifel's trading capabilities by leveraging the firm's substantial retail order flow. The STFX also offers unparalleled flexibility and seamless integration of new technologies, while also meeting all regulatory requirements.
LPL Financial upgraded to Overweight on accelerating growth at Wells Fargo » 06:4405/1805/18/20
LPLA, RJF, SF
As previously reported,…
As previously reported, Wells Fargo analyst Christopher Harris upgraded LPL Financial (LPLA) to Overweight from Equal Weight with a $70 price target. The stock and fellow wealth managers Raymond James (RJF) and Stifel Financial (SF) are down by similar amounts this year, which he views as unfair given that the latter two should have credit quality issues to contend with that LPL does not. While acknowledging low interest rates are a significant headwind, he believes the market is underappreciating LPL's offsetting upside potential from organic growth, Harris tells investors.
Wells downgrades Stifel Financial to Underweight on underappreciated credit risk » 06:3905/1805/18/20
As previously reported,…
As previously reported, Wells Fargo analyst Christopher Harris downgraded Stifel Financial (SF) to Underweight from Equal Weight with a $40 price target. While he expects loss rates to be much lower compared to the banking industry, he also thinks consensus estimates "may reflect too much optimism" and underappreciate the company's credit quality risks, Harris tells investors. The same rationale supports his downgrade of Raymond James (RJF) to Underweight as well.
Stifel Financial downgraded to Underweight from Equal Weight at Wells Fargo » 05:3105/1805/18/20
Wells Fargo analyst…
Wells Fargo analyst Christopher Harris downgraded Stifel Financial to Underweight from Equal Weight with a $40 price target.
Wolfe Research airlines analyst to hold an analyst/industry webcast » 10:4105/1105/11/20
Airlines Analyst Keay and…
Airlines Analyst Keay and Stifel Airlines Analyst DeNardi, along with Airlines Analyst Davis from T. Rowe Price, provide an industry update and outlook, as well as discuss loyalty within the industry, in an Analyst/Industry webcast to be held on May 11 at 11 am.
Stifel Financial files automatic mixed securities shelf 16:1405/0805/08/20