1. Stifel reported record highs in total client assets, up 8% year-over-year. 2. Fee-based client assets surged by 14%, signaling strong market performance. 3. November saw significant growth in Treasury deposits, increasing by 96% year-over-year. 4. Client activity in the Institutional Group remains elevated despite market challenges. 5. The firm anticipates a strong fourth quarter ending in 2025.
FAQ
Why Bullish?
The growth in client assets and fee-based revenues indicates strong investor confidence, similar to historical trends observed in booming financial markets, which typically lead to stock price increases for Stifel.
How important is it?
High revenue growth and increased client retention rates are critical catalysts that can substantially influence investor decisions, making this information particularly relevant for Stifel's stock.
Why Short Term?
The immediate results from November suggest that current performance can quickly affect stock prices, as evidenced by past quarterly earnings surges leading to stock value increases.
Stifel (NYSE: SF) Reports November 2025 Operating Data Highlights
ST. LOUIS, Dec. 18, 2025 (GLOBE NEWSWIRE) — Stifel Financial Corp. has released its selected operating results for November 30, 2025, showcasing significant growth in key performance metrics.
Record Client Asset Growth
Stifel Financial Corp. (NYSE: SF) reported a remarkable year-over-year increase in total client assets and fee-based client assets, reaching record highs of $553.6 billion and $224.7 billion respectively. According to Ronald J. Kruszewski, Chairman and Chief Executive Officer, the increases of 8% and 14% respectively were driven by strong recruiting efforts and favorable market conditions.
Kruszewski stated, “Client money market and insured product balances increased 1% from October, with growth in Sweep balances offsetting a decline in Smart Rate.”
Significant Increases Across Key Metrics
Stifel’s report details several important operational figures as of November 30, 2025:
- Total client assets: $553,606 million (up 8% year-over-year)
- Fee-based client assets: $224,662 million (up 14% year-over-year)
- Private Client Group fee-based client assets: $196,548 million (up 14% year-over-year)
- Bank loans, net: $21,963 million (up 6% year-over-year)
- Client money market and insured product balances: $25,738 million (down 10% year-over-year)
- Treasury deposits: $8,734 million (up 96% year-over-year)
The substantial growth in Treasury deposits reflects a 9% increase from the prior month and demonstrates a near doubled gain compared to the previous year.
Outlook Amid Economic Conditions
Despite facing challenges such as a government shutdown, Stifel remains optimistic. Kruszewski noted, “In our Institutional Group, client activity levels remain elevated, and we anticipate a strong fourth quarter.” This positive outlook reflects the company’s adaptive strategies in response to changing economic conditions.
About Stifel
Founded in 1890 and headquartered in St. Louis, Missouri, Stifel Financial Corp. (NYSE: SF) is a diversified financial services firm offering a wide range of services, including wealth management, commercial and investment banking, and research. With over 400 offices globally, Stifel focuses on transforming opportunities into achievements for both retail and institutional clients.
For more detailed information about Stifel’s offerings, visit www.stifel.com. For global disclosures, refer to www.stifel.com/investor-relations/press-releases.