We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.
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 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.
We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.
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.
We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.
We provide fiduciary investment strategies to public-and private-sector institutional clients through asset allocation, consulting, and retirement services.
Decades of proven performance and experience in providing tailored fixed income trading and underwriting services to major municipal and corporate issuers.
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.
We assist companies with accessing capital through innovative advisory and execution services that help firms achieve their strategic goals.
We have been a trusted and reliable source of capital for private companies for over 70 years.
Our experienced Private Client Group professionals develop customized investment strategies to help clients achieve their financial goals.
We are a trusted municipal advisor with proven expertise in public financings. We also work with clients in negotiated and competitive municipal underwritings.
The Labor Department reported that initial jobless claims edged higher last week, but significant revisions to past jobless claims reports suggest the claims data need to be taken with a grain of salt. Initial claims in the two weeks through May 13th were revised down by a combined 50,000 after Massachusetts detected a surge in fraud. The revision suggests the labor market isn’t softening as much as previously thought. Claims in regular state programs climbed 4,000 to 229,000 for the week ending May 20th. The four-week moving average remained unchanged at 231,750. Continuing claims, which include people who have received unemployment benefits for a week or more, fell 5,000 to 1.794 million for the week ending May 13th. |
Last week saw the second-largest bank failure in American history. In fact, the three banks that have failed so far this year had more assets under management than the 25 banks that went under at the onset of the Global Economic Crisis in 2008. Also last week we experienced a market sell-off, continued inflation, a Fed interest rate hike, and a government stand-off over the debt ceiling.
The Labor Department reported that initial jobless claims rose again last week, continuing their gradual climb since the beginning of the year. Continuing claims have reached their highest level since November of 2021. The pickup in claims adds to signs that the labor market is beginning to lose momentum. Claims in regular state programs climbed 5,000 to 245,000 for the week ending April 15th. The four-week moving average edged lower to 239,750 from 240,250 the prior week. Continuing claims, which include people who have received unemployment benefits for a week or more, rose 61,000 to 1.865 million for the week ending April 8th.
When Brazil’s president addressed the New Development Bank in Shanghai last week, he urged developing countries to do what his country recently did: conduct international trade in a currency other than the American dollar. “Every night I ask myself why all countries have to base their trade on the dollar,” the Brazilian president, Luiz Inácio Lula da Silva, said during his first state visit to China.
The Labor Department reported that initial jobless claims rose last week, continuing their gradual climb since the beginning of the year. The gains reflect cuts from tech and financial firms and come mostly from California. Claims in regular state programs climbed 11,000 to 239,000 for the week ending April 8th. The four-week moving average increased to 240,000 from 237,750 the prior week. Both initial and continuing claims are above their pre-pandemic averages, signaling that labor market conditions are cooling. Continuing claims, which include people who have received unemployment benefits for a week or more, fell by 13,000 to 1.810 million for the week ending April 1st.
The Labor Department reported that initial jobless claims fell last week, but the data reflects updated seasonal factors that raise the level of underlying claims. Claims numbers have been artificially low stemming from pandemic-related problems in seasonally adjusting the data. Claims in regular state programs fell 18,000 to 228,000 for the week ending April 1st, but that is after the prior week’s figure was revised up by 48,000 to 246,000. The four-week moving average declined to 237,750 from 242,000 the prior week. Both initial and continuing claims are above their pre-pandemic averages, signaling that labor market conditions are cooling. The total number of people continuing to receive regular ongoing state benefits, a report which is lagged one week, increased by 6,000 to 1.823 million for the week ending March 25th.
Sign up to have our latest thinking sent directly to your inbox .
Success
You're now subscribed.