Stifel Financial Corp – Client Assets Surge 8%

By Tamara Parker • Friday, June 27 06:04 • Permanent Link

Stifel Financial Corp. has released its operating data for May 31, 2025, providing insight into key performance metrics. The data reveals significant changes compared to the same period in 2024 and the previous month.

Total client assets have seen a notable increase, reaching $501,357 million as of May 31, 2025, marking an 8% rise from May 31, 2024, and a 3% increase from April 30, 2025. Fee-based client assets have also experienced a substantial surge, amounting to $199,078 million, reflecting a 13% surge from May 31, 2024, and a 4% increase from April 30, 2025. Within the Private Client Group, fee-based client assets have shown a similar trend, escalating by 12% from May 31, 2024, and 5% from April 30, 2025, reaching $173,557 million.

In terms of bank loans, the net value, including loans held for sale, has risen to $21,204 million, indicating a 7% increase from May 31, 2024, despite a 2% decline from April 30, 2025. Conversely, client money market and insured product levels have decreased slightly, standing at $25,827 million as of May 31, 2025, down 2% from May 31, 2024, and 1% from April 30, 2025.

The company's Chairman and CEO, Ronald J. Kruszewski, highlighted that the increase in total client assets and fee-based assets in May was primarily driven by recruiting and market appreciation. He also noted a decline in client money market and insured product levels, primarily attributed to lower Smart Rate balances and a slight decrease in Sweep balances. Furthermore, Kruszewski mentioned that investment banking activity was negatively impacted by increased market volatility in April, resulting in an anticipated 10% decrease in investment banking revenue for the quarter compared to the second quarter of 2024.

Despite the challenges faced, Kruszewski expressed cautious optimism for the full year 2025, citing increased momentum and improving pipelines as markets stabilize.

Stifel Financial Corp., headquartered in St. Louis, Missouri, operates its banking, securities, and financial services business through various wholly owned subsidiaries, providing a range of financial solutions to clients globally.

As a result of these announcements, the company's shares have moved 1.11% on the market, and are now trading at a price of $103.54. For the full picture, make sure to review STIFEL FINANCIAL CORP's 8-K report.

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