Stifel Financial Corp. is a diversified financial services holding company that conducts its business through several wholly owned subsidiaries. Its primary broker-dealer subsidiary, Stifel, Nicolaus & Company, Incorporated, is a full-service brokerage and investment banking firm established in 1890.
Stifel Financial Corp. was formed as a holding company in July 1983 and is publicly traded on the New York Stock Exchange under the symbol "SF."
"We are pleased with our first quarter results, which represent our third best revenue quarter. That said, while investment banking was a good quarter, results can and will be lumpy. Furthermore, we have incurred additional operating expenses relating to the build-out of our infrastructure. Looking forward, we are optimistic about the continued growth in our business. In today's environment, we see ample opportunities to continue to build the premier investment banking and wealth management firm."
Stifel will release its first quarter 2015 financial results after the market close on Monday, May 11, 2015. The company will host a conference call to review the results at 5:00 p.m. Eastern time that same day. The conference call may include forward-looking statements.
All interested parties are invited to listen to Stifel Chairman and CEO, Ronald J. Kruszewski, by dialing (877) 876-9938 and referencing conference ID #43107466. A live audio webcast of the call, as well as a presentation highlighting the company’s results, will be available through Stifel's web site, www.stifel.com. For those who cannot listen to the live broadcast, a replay of the broadcast will be available through the above-referenced web site beginning approximately one hour following the completion of the call.
"When we announced our merger with Sterne Agee last month, an important goal of ours was to preserve Sterne Agee's Equities Business as an intact group. We, together with Sterne Agee's management, were committed to finding the right partner, and are very pleased that we have accomplished this goal of keeping approximately 170 professionals together so they can continue their careers as a team. At Stifel, our focus is on the individuals who collectively comprise an organization. We believe this philosophy will enable us to continue to build the preeminent wealth management and investment banking firm."
"We have identified a great firm in Sterne Agee to bolster our Global Wealth Management group with the addition of more than 700 financial advisors and independent representatives increasing advisor professionals by 35%. Sterne Agee's fixed income platform is highly complementary to our existing products and services, and together will catapult this business to a new level, continuing the momentum we established with the addition of Knight's fixed income sales and trading business. This acquisition furthers our goal of creating a balanced, well-diversified business mix with wealth management and institutional exposure."