Stifel Financial Corp at Goldman Sachs Financial Services Conference (Virtual) Transcript

Dec 09, 2020 / 01:00PM GMT
Alexander Blostein - Goldman Sachs Group, Inc., Research Division - Lead Capital Markets Analyst

Welcome, everyone, again to the second day of Goldman Sachs' Financial Services Conference.

Before we begin, we are required to make certain disclosures in public appearances about Goldman Sachs' relationship with companies we discuss. These disclosures can be found on the webcast page for your reference.

Now with that, I'd like to welcome Stifel's CEO, Ron Kruszewski. As an integrated wealth management and institutional services business, 2020 has really underscored Stifel's growth and resiliency as the firm is on track to deliver record revenues despite challenging markets in the beginning of the year, and obviously very low interest rates. This was further underscored with an upside revenue guidance for the fourth quarter that Stifel announced just earlier this morning, which I'm sure we'll get to talk about as well.

So with that, we look forward to getting an update from Ron on the current operating environment as well as Stifel's key growth initiatives as we look out into '21.

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