Company: SFB
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027702
Chunk: 245

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 3
Chunk 245
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    152

    $
    183

    $
    286

    Peer Group
     
    $
    111

    $
    157

    $
    133

    $
    148

    $
    192

    S&P 500 Index
     
    $
    118

    $
    152

    $
    125

    $
    158

    $
    197

    NYSE ARCA Securities Broker-Dealer Index
     
    $
    130

    $
    168

    $
    155

    $
    192

    $
    277

*Compound Annual Growth Rate

28

The Peer Group Index consists of the following companies that serve the same markets as us and which compete with us in one or more markets:

    Affiliated Managers Group Inc.
     
    Invesco Ltd.
     
    Northern Trust Corp.

    Ameriprise Financial, Inc.
     
    Jefferies Financial Group Inc.
     
    Piper Sandler Companies

    Evercore Inc.
     
    Lazard Ltd.
     
    Raymond James Financial, Inc.

    Franklin Resources, Inc.
     
    LPL Financial Holdings Inc.
     
    T. Rowe Price Group, Inc.

    Houlihan Lokey, Inc.
     
    Moelis & Company

ITEM 6. Reserved

29

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion of the financial condition and results of operations of our company should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in this Annual Report on Form 10-K for the year ended December 31, 2024.

Unless otherwise indicated, the terms “we,” “us,” “our,” or “our company” in this report refer to Stifel Financial Corp. and its wholly owned subsidiaries.

Executive Summary

We operate as a financial services and bank holding company. We have built a diversified business serving private clients, institutional investors, and investment banking clients located across the U.S., Europe, and Canada. Our principal activities are: (i) private client services, including securities transaction and financial planning services; (ii) institutional equity and fixed income sales, trading, and research, and municipal finance; (iii) investment banking services, including mergers and acquisitions, public offerings, and private placements; and (iv) retail and commercial banking, including