Stifel Financial Corp. (SF-PB)
- GlobeNewswire
Stifel to Sponsor the Tewaaraton Award, Honoring the Nation’s Top College Lacrosse Players
ST. LOUIS, May 09, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that it has entered into a multiyear agreement to serve as presenting sponsor of The Tewaaraton Award, recognized as the preeminent lacrosse award and given annually to the nation’s top male and female college lacrosse players. The Tewaaraton Award is the latest in Stifel’s growing list of sports partnerships, which also includes the Haskins and Annika Awards honoring the top male and female college gol
- GlobeNewswire
Stifel Declares Quarterly Common Stock Cash Dividend and Declares Preferred Stock Cash Dividend
ST. LOUIS, May 08, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced that its Board of Directors has declared a cash dividend on shares of its common stock of $0.42 per share, payable June 17, 2024, to shareholders of record at the close of business on June 3, 2024. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), 6.125% Non-Cumulative
- Yahoo Finance Video
Don't worry, inflation is going to settle: Stifel CEO explains
The US economy is all about rates these days as the Federal Reserve opts to hold interest rates higher for longer, which has not eased mortgage rates for potential homebuyers still taxing around the housing market. Stifel Chairman and CEO Ron Kruszewski joins Yahoo Finance Executive Editor Brian Sozzi at the 2024 Milken Conference to have a conversation about the strength of the US economy and whether Wall Street is still sobering up from its rate cut hopes heading into 2024. "I said I would've been surprised in January with whether it would be two and now, I'd be surprised if there's even one today," Kruszewski says, referring back to his comments to Yahoo Finance in January at the World Economic Forum. "And the reason for that is the economy's very strong. The inflation is stickier, it is persistent right here. It's gonna settle..." Kruszewski recognizes the Fed's caution around avoiding risks: "The risk is either not having a soft lining, which is a risk, or reigniting inflation. The bigger risk is clearly letting the inflation genie back out of the bag as you started to corral." He considers the Fed's scaling back of its Quantitative Tightening (QT) policy as its own kind of rate cut. Kruszewski goes on to speak with Sozzi about the long-term rate environment Americans could expect over the next ten years and market (^DJI, ^IXIC, ^GSPC) behavior around domestic and global geopolitical events. Catch more of Yahoo Finance's coverage at the 2024 Milken Institute Global Conference. This post was written by Luke Carberry Mogan.
