Stifel Financial Corp. (NYSE: SF) reported selected operating results for August 31, 2026, in a press release dated September 24, 2026. The company disclosed that total client assets reached a record high of $587.6 billion, representing a 10% increase from August 31, 2025, and a 2% increase from the prior month. Fee-based client assets also hit a record level of $244.4 billion, up 14% year over year and 2% month over month.
Within the Private Client Group, fee-based client assets stood at $214.2 billion as of August 31, 2026, marking a 15% increase from the same period last year. The company noted that these figures exclude assets from the Stifel Independent Advisors business, which was sold on February 2, 2026.
Stifel also reported changes in its balance sheet components. Bank loans, net, increased by 18% year over year to $25.6 billion. Treasury deposits grew by 61% month over month to $12.3 billion, while client money market and insured product balances decreased by 8% month over month to $23.4 billion.
Regarding future guidance, the company anticipates that firm-wide net revenue for the third quarter of 2026 will be essentially flat with the third quarter of 2025. This outlook is driven by strong growth in the Global Wealth Management segment, which is expected to offset a roughly 15% decline in the Institutional Group. The decline in the Institutional Group is attributed to lower transactional revenue and a modest decrease in investment banking revenue.
