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Stifel Financial (SF) Closes B&F Capital Markets Acquisition
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Recently, Stifel Financial Corporation (SF - Free Report) completed the acquisition of B&F Capital Markets, Inc., headquartered in Cleveland, OH. Financial terms of the deal remain undisclosed.
B&F enters into strategic partnerships with banks (asset size varying between $500 million and $30 billion) to hedge interest-rate risk for the bank’s commercial borrowers. Thus, being a provider of extensive interest-rate swap, B&F develops related derivative programs to meet its objective.
Ronald J. Kruszewski, chairman and CEO of Stifel said, “The combination of B&F Capital Markets’ expertise in interest rate risk management for banks’ commercial borrowers and Stifel’s broad network of banking clients will further enhance our industry leading financial services practice.”
Stifel’s acquisitions are part of its vision to become a premier wealth management and investment banking firm. Also, it announced the acquisition of certain assets of George K. Baum & Company, this year. However, the deal does not include George K. Baum Capital Advisors or Baum Capital Partners.
Previously, this July, Stifel completed the buyout of Mooreland Partners, an independent M&A and private capital advisory firm that provides services to the global technology industry.
Stifel’s inorganic growth activities reflect its solid balance-sheet position. Also, these efforts will help boost its operating efficiency. The bank’s diversified revenue sources will likely support its financials. Furthermore, it will benefit from improving conditions in the domestic economy.
Shares of Stifel have gained 26% compared with the industry’s rise of 3.7%, year to date. The stock currently carries a Zacks Rank #4 (Sell).
Virtus Investment Partners, Inc. (VRTS - Free Report) has been witnessing upward earnings estimate revisions for 2019, for the past 30 days. Moreover, this Zacks #1 Ranked company has appreciated 31.2%, year to date.
First Horizon National Corporation’s (FHN - Free Report) 2019 earnings estimate has been revised marginally upward, over the past 30 days. Further, the company’s shares have gained 17% in the year-to-date period. At present, it flaunts a Zacks Rank of 1.
T. Rowe Price Group, Inc.’s (TROW - Free Report) ongoing-year earnings estimate has moved north in a month’s time. Additionally, the stock has appreciated 18.9%, so far this year. It currently sports a Zacks Rank of 1.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
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Stifel Financial (SF) Closes B&F Capital Markets Acquisition
Recently, Stifel Financial Corporation (SF - Free Report) completed the acquisition of B&F Capital Markets, Inc., headquartered in Cleveland, OH. Financial terms of the deal remain undisclosed.
B&F enters into strategic partnerships with banks (asset size varying between $500 million and $30 billion) to hedge interest-rate risk for the bank’s commercial borrowers. Thus, being a provider of extensive interest-rate swap, B&F develops related derivative programs to meet its objective.
Ronald J. Kruszewski, chairman and CEO of Stifel said, “The combination of B&F Capital Markets’ expertise in interest rate risk management for banks’ commercial borrowers and Stifel’s broad network of banking clients will further enhance our industry leading financial services practice.”
Stifel’s acquisitions are part of its vision to become a premier wealth management and investment banking firm. Also, it announced the acquisition of certain assets of George K. Baum & Company, this year. However, the deal does not include George K. Baum Capital Advisors or Baum Capital Partners.
Previously, this July, Stifel completed the buyout of Mooreland Partners, an independent M&A and private capital advisory firm that provides services to the global technology industry.
Stifel’s inorganic growth activities reflect its solid balance-sheet position. Also, these efforts will help boost its operating efficiency. The bank’s diversified revenue sources will likely support its financials. Furthermore, it will benefit from improving conditions in the domestic economy.
Shares of Stifel have gained 26% compared with the industry’s rise of 3.7%, year to date. The stock currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Picks
Virtus Investment Partners, Inc. (VRTS - Free Report) has been witnessing upward earnings estimate revisions for 2019, for the past 30 days. Moreover, this Zacks #1 Ranked company has appreciated 31.2%, year to date.
First Horizon National Corporation’s (FHN - Free Report) 2019 earnings estimate has been revised marginally upward, over the past 30 days. Further, the company’s shares have gained 17% in the year-to-date period. At present, it flaunts a Zacks Rank of 1.
T. Rowe Price Group, Inc.’s (TROW - Free Report) ongoing-year earnings estimate has moved north in a month’s time. Additionally, the stock has appreciated 18.9%, so far this year. It currently sports a Zacks Rank of 1.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>