Given Industry Overhangs, Business Optimization Is A Sound Strategy for Stifel Financial
While Stifel Financial reported record net revenue in the quarter, the company’s metrics and commentary show some of the current and future overhangs in the industry. The company reported adjusted diluted earnings per share of $0.90, on record net revenue of $726 million. Revenue was up 11% from the previous year and 7% sequentially, primarily due to strong underwriting, advisory, asset management fees, and net interest income. The somewhat disappointing revenue line was fixed income trading, wh...Stifel Financial is a financial holding company. The company's principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. The company's principal activities are: private client services; institutional equity and fixed income sales, trading and research, and municipal finance; investment banking services; and retail and commercial banking. The company has the following segments: Global Wealth Management, which provides securities transaction, brokerage, and investment services; and Institutional Group, which includes research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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