Stifel's Revenue Growth Is Materially Slowing, but Shares Are Starting to Look Attractive
Revenue growth has materially slowed at Stifel Financial, but the shares are starting to look attractive. For the first nine months of 2018, net revenue increased 5.1% to $2.23 billion. However, third-quarter net revenue of $738 million was only 2.4% higher than a year ago and about flat with the first two quarters of the year. The 9% growth in client assets to a record $289 billion and related increase in wealth management segment revenue have scarcely been enough to offset the fall in institut...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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