Ben Bienvenu | Arkansas Money & Politics | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Our Businesses

Capital Management

We provide fiduciary investment strategies to public-and private-sector institutional clients through asset allocation, consulting, and retirement services.

Fixed Income Sales & Trading

Decades of proven performance and experience in providing tailored fixed income trading and underwriting services to major municipal and corporate issuers.

Institutional Equities and Research

Proven industry-leading research, global market insights, and client-focused execution.


Customized risk management, property & casualty, executive strategies and employee benefits solutions that protect our clients over the long term.

Investment Banking

We assist companies with accessing capital through innovative advisory and execution services that help firms achieve their strategic goals.

Private Capital

We have been a trusted and reliable source of capital for private companies for over 70 years.

Private Wealth Management

Our experienced Private Client Group professionals develop customized investment strategies to help clients achieve their financial goals.

Public Finance

We are a trusted municipal advisor with proven expertise in public financings. We also work with clients in negotiated and competitive municipal underwritings.

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Institutional Equities and Research

Walmart full year revenue beats estimates, net income down 14.6% | Talk Business & Politics

Feb 21, 2023

Walmart posted full fiscal year net income of $11.68 billion, down 14.6% compared with the previous fiscal year, but revenue and earnings per share beat expectations. The Bentonville-based global retailer posted the earnings report early Tuesday (Feb. 21).

Ben Bienvenu, a retail analyst with Little Rock-based Stephens Inc., said in a Feb. 17 investor note he remains bullish on Walmart’s future. He said the retailer is best positioned to hold and gain market share during an economic slowdown.

“We think the worst of the food price inflation is behind us, but we expect the lag effect of higher costs rolling through budgets for food producers to continue to keep prices elevated, and while there are pockets of steep pricing declines off of peak levels seen in the summer of last year in select fresh categories, center of the store food prices are stubbornly high,” he said in the investor note. “However, we think that as we move into the middle of calendar 2023, we are much more likely to see moderation in food inflation vs. the alternative.”

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Florida State and Wake Forest Headline 2024 Jackson T. Stephens Cup Teams

Institutional Equities and Research

Red Lobster Files For Bankruptcy: Blame Focuses On Shrimp Deal | Fox Business

Institutional Equities and Research

PACS To Expand Footprint with 53-Facility Portfolio, Adding Nursing Homes in 8 States, ‘Substantially Surpassing’ Forecast | Skilled Nursing News