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....
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For further details see:
Stifel Financial Vs. B. Riley Financial Preferreds: Perceived Risk Is Key