Stifel Financial Corp. has reported its selected operating results for May 31, 2025, showing significant changes in various key performance metrics compared to the same period last year and the previous month.
Total client assets increased to $501,357 million, marking an 8% rise from May 31, 2024, and a 3% increase from April 30, 2025. Fee-based client assets also saw a notable surge, reaching $199,078 million, reflecting a 13% jump from the previous year and a 4% increase from the previous month.
Within the Private Client Group, fee-based client assets amounted to $173,557 million, representing a 12% increase from May 31, 2024, and a 5% rise from April 30, 2025.
The company's bank loans, net, including loans held for sale, experienced a 7% increase from May 31, 2024, but a 2% decrease from April 30, 2025, amounting to $21,204 million.
On the other hand, client money market and insured products declined slightly, reaching $25,827 million, down 2% from May 31, 2024, and down 1% from April 30, 2025.
Despite the challenges posed by increased market volatility in April, Stifel's investment banking activity is showing signs of improvement as market conditions stabilize. The company anticipates investment banking revenue for the quarter to be down approximately 10% from the second quarter of 2024, but remains cautiously optimistic for the full year 2025.
These figures indicate a mixed performance for Stifel Financial Corp., with notable increases in total client assets and fee-based client assets, alongside a decrease in client money market and insured products. The company's cautious optimism for the full year 2025 suggests a strategic approach to navigating market challenges and leveraging growth opportunities. The market has reacted to these announcements by moving the company's shares 0.73% to a price of $103.15. For the full picture, make sure to review STIFEL FINANCIAL CORP's 8-K report.
