Record Second Quarter Net Revenue
Stifel Financial achieved a record second quarter net revenue of $1.28 billion, representing a 6% year-over-year growth, with gains across most segments except for a modest decline in advisory.
Strong Global Wealth Management Performance
Global Wealth Management posted its strongest second quarter ever with record client asset levels and higher net interest income. It was ranked #1 overall in the J.D. Power Advisor Satisfaction Study for the third straight year.
Institutional Business Resilience
The Institutional business showed resilience with a 7% year-over-year revenue increase and record fixed income revenue.
Successful Acquisition of Bryan Garnier
Stifel completed the acquisition of Bryan Garnier, a European boutique investment bank, supporting its European operations by expanding advisory and investment banking focus.
Improved Market Conditions
Investor sentiment improved significantly due to greater clarity on tariff and tax policy, leading to a rebound in M&A and capital markets activity.