Stifel’s Adjusted Results Show Progress and Next Quarter’s GAAP Results Will Be Significantly Better
Improvement in Stifel Financial's adjusted results shows that progress is being made with integrations and that the franchise remains solid. Excluding revenue related to the Sterne Agee independent advisor business that Stifel sold at the beginning of the third quarter, revenue increased 2% sequentially to $642 million. Revenue increased 9% from the previous year including revenue related to acquisitions. Most of the trends reflected in other investment banks’ results can be seen in Stifel’s, wi...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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