RILYL - Stifel Financial Vs. B. Riley Financial Preferreds: Perceived Risk Is Key
2024-02-02 09:00:00 ET
Summary
- Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions.
- B. Riley Financial, Inc., through its subsidiaries, provides financial services to corporate, institutional, and high-net-worth clients in North America, Australia, and Europe. The company operates through six segments.
- RILYL is for those not in agreement for the recent news about B. Riley Financial. SF-C holders are much safer, but the Stifel's other preferred are better valued currently.
Introduction
Recently, I have been reevaluating my ratings on preferred stocks. I last reviewed when "higher for longer" was the accepted mantra for FOMC actions and the future for interest rates. By November, attitudes changed and both stocks and bonds started a strong rally that lasted into early 2024 when the "expert" forecasters seem to be having second thoughts about possible rate cuts this year, or when they would begin....
Stifel Financial Vs. B. Riley Financial Preferreds: Perceived Risk Is Key