2023-04-10 00:33:06 ET
Summary
- In 1Y growth, Stifel (-13.15%) lags the general market (-8.36%), while leading the Invesco Global Listed Private Equity ETF, PSP (-20.40%).
- This largely mirrors broad investor sentiment surrounding private equity coming off of higher interest rates and bank crises while recognizing Stifel's superior strategic initiatives.
- The firm identifies three pillars to operational growth to present itself as a premier financial firm; Global Wealth Management, their Institutional Group, and streamlined Capital Deployment.
- As such, Stifel has been able to record Global Wealth Management revenue, net interest income, and deployed this excess capital towards 1.3mn in common share repurchases.
- Due to the accelerating success of the company and its long-term strategy, as well as material growth through Torreya Partners, I rate Stifel a 'strong buy'.
For further details see:
Stifel Financial: Leveraging The Persistent Wealth Effect