Total client assets rose 16% YOY to $579.7 billion and fee-based assets climbed 20% YOY to $238.7 billion as of May 31, 2026. Bank loans increased 2% month-over-month to $23.9 billion, treasury deposits slipped 3%, and Q2 investment banking revenue is forecast to jump 25–30%.
Stifel’s May operating data shows total client assets reached $579.7 billion, up 16% year-over-year from $501.4 billion, while fee-based assets rose 20% to $238.7 billion. Excluding the sale of Stifel Independent Advisors, asset growth rates were 18% and 23%, driven by market appreciation and strong advisor recruiting.
Net bank loans edged up 2% month-over-month to $23.9 billion, supported by robust demand in fund banking services. Simultaneously, treasury deposits dipped 3% to $10.8 billion due to timing of corporate inflows and outflows, though management expects quarter-end growth to rebound.
Stifel forecasts second-quarter investment banking revenue to rise 25–30% year-over-year, reflecting increased capital raising activity. The firm’s momentum in M&A advisory and equity underwriting positions it to benefit from sustained client demand.
