Stifel Financial Expects Q1 2026 Revenue To Increase 30%-40% Vs Q1 2025
Benzinga Newsdesk 7 months ago
NewsGuidance
Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, "On February 2, 2026, we completed the sale of Stifel Independent Advisors, LLC. Excluding assets related to this transaction, total client assets and
Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, "On February 2, 2026, we completed the sale of Stifel Independent Advisors, LLC. Excluding assets related to this transaction, total client assets and fee-based client assets increased 12% and 19% year-over-year, driven by equity market appreciation and strong advisor recruiting. Client money market and insured products rose 1% from January, while venture banking growth increased treasury deposits by more than $400 million. Despite recent market volatility, first-quarter 2026 investment banking activity remains well above prior-year levels, and we expect revenue to increase 30%–40% versus the first quarter of 2025."