News about Stifel

Stifel Financial reported third-quarter 2026 net revenues of $1.43 billion, flat from a year earlier, with net income available to common shareholders of $224.8 million, or $1.40 per diluted share, up from $202.1 million, or $1.22, a year ago. Non-GAAP net income was $234.1 million, or $1.46 per share, which the company described as its best third quarter in history. Asset management revenues rose 14% and net interest income rose 9%, while client assets reached $576.5 billion, up 6%. Global Wealth Management posted record net revenues of $980.3 million, while the Institutional Group's revenues fell to $430.3 million from $500.4 million, with investment banking revenues down 6%. The company also repurchased $124.0 million of common stock during the quarter.