Friday, April 5, 10:21 AM
Remember the supposed pickup in the M&A cycle, asks PAA Research, noting continued damage in the boutique investment bank sector which mostly rolled over several weeks ago. EVR -5%, GHL -2.8%, SF -3.2%, OPY -1.6%, PJC -1.7%.
1 Comment[Financials, On the Move]
Monday, February 25, 4:25 PMStifel Financial (SF): Q4 EPS of $0.63 beats by $0.05. Revenue of $426.4M (+17.1% Y/Y) beats by $8.M. (PR)
Comment![Earnings, Breaking News, Financials]
Monday, November 5, 2012, 7:45 AMKBW, Inc. agrees to be acquired by Stifel Financial (SF) for $17.50/share ($10 cash and $7.50 in SF stock). The total transaction value is more than $575M and about $250M in excess capital on KBW's balance sheet will be available to Stifel upon closing. KBW +17.5% premarket. (PR)
Comment![Financials, M&A, On the Move]
Monday, November 5, 2012, 7:35 AMStifel Financial (SF): Q3 EPS of $0.60 beats by $0.13. Revenue of $420.1M (+25.7% Y/Y) beats by $54M. (PR)
Comment![Earnings, Financials]
Wednesday, August 8, 2012, 5:34 PMStifel Financial (SF): Q2 EPS of $0.42 misses by $0.12. Revenue of $374M (+4.3% Y/Y) misses by $6M. (PR)
Comment![Earnings, Financials]
Monday, August 6, 2012, 3:03 AM
Knight Capital (KCG) will reportedly receive a $400M financing lifeline from a group of investors that includes Blackstone (BX), TD Ameritrade (AMTD), Stifel Nicolas (SF) and Jefferies Group (JEF). The consortium is expected to receive convertible preferred stock with a conversion price of $1.50/share and carry a coupon of 2%, giving it 70-75% of Knight Capital.
1 Comment[Financials, Top Stories]
Wednesday, May 9, 2012, 5:21 PMStifel Financial (SF): Q1 EPS of $0.55 beats by $0.03. Revenue of $400.3M (+9.2% Y/Y) beats by $20M. (PR)
Comment![Earnings, Consumer]
Wednesday, February 15, 2012, 7:46 PM
More on Stifel Financial (SF): Q4 beats estimates across the board. Net earnings fell 35% Y/Y, largely as expected, on lower revenue from commissions and investment banking activity, but overall revenue still came in stronger than forecast.
Comment![Financials, Earnings]
Wednesday, February 15, 2012, 5:05 PMStifel Financial (SF): Q4 EPS of $0.43 beats by $0.01. Revenue of $356.9M (-11.1% Y/Y) beats by $9.3M. (PR)
Comment![Earnings, Financials]
Monday, January 9, 2012, 8:21 AM
Regions Financial (RF) +1.8% premarket after WSJ reported over the weekend that the bank is close to a deal to sell its Morgan Keegan investment banking and brokerage unit for ~$1B. The price would be much less than the bank had once expected, and it isn't clear which of the reported bidders, Raymond James (RJF) or Stifel Financial (SF), is the favorite.
Comment![Financials, On the Move]
Tuesday, January 3, 2012, 12:20 PM
Regions Financial (RF +0.6%) reportedly terminates talks to sell its Morgan Keegan brokerage to Stifel Financial (SF +4.1%), failing to reach agreement over the terms of a contract. Regions also has been in talks with Raymond James (RJF +3.5%).
Comment![Financials, M&A]
Wednesday, December 21, 2011, 5:16 PM
Raymond James (RJF) drops slightly AH following a Bloomberg report stating the company has resumed talks to acquire Regions Financial's (RF) Morgan Keegan division. Stifel Financial (SF) is also interested in the business.
Comment![Financials, M&A]
Thursday, November 17, 2011, 3:57 PM
Stifel Financial (SF +2.6%), which may be closing in on buying Morgan Keegan, is initiated at Raymond James at Outperform with a $38 price target, espousing the stability of Stifel's retail advisory foundation and limited risk-taking, which "isn't nearly as sensitive to the threat of a European financial system collapse or a double-dip recession in the U.S."
Comment![Financials, On the Move]
Ocean Man: Lived across the street from the ballpark and 5 players lived in my building. They'd leave their extras with the concierge who I tipped well
10/24/12
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David White Congrats to the SF Giants. Down 0-2, they came back to win their NL playoff series 3-2. First NL team to accomplish this.
Ocean Man: Lived across the street from the ballpark and 5 players lived in my building. They'd leave their extras with the concierge who I tipped well
10/24/12
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David White AMZN: CA sales taxes: Santa Clara County = 8.375%, SF = 8.5%, LA = 8.75%. Won't be good for AMZN's business in CA.
John Gordon $SBUX: lots of new product new news coming; odd that seems not to have tested La Boulange line in SF DMA prior to acquisition.
6/12/12
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realornot: it will come around in fall. The new french stuff is hurting them at the moment.
6/12/12
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Hank Rearden Jr CRM has halted their planned 2mil sq ft campus in SF claiming they can't build fast enough... I wonder if it's actually a lack of cash.
2/28/12
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CKnutsen: yeah... i thought it was bizarre when they announced the building, now I think its even more bizarre that they've stopped the building
2/29/12
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Ocean Man Sometimes I think the SF Bay is in the Southern hemisphere. Winter coats to baseball games, and 70 and sunny in January.
1/27/12
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Ocean Man: Aw, man, I was thinking about HUN when I saw nat gas going down and forgot. 9.50 to 12.70 in 4 weeks...... good dividend too.