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 Bureau of Economic Analysis (BEA) released their initial reading of Q4 2023 gross domestic product (GDP) and reported that the economy expanded by 3.3% from the previous quarter and registered an advance of 3.1% for 2023. This was the sixth consecutive quarter of positive GDP growth and the third consecutive year of positive growth.
Q4 GDP saw strength in consumer spending, exports, state and local government spending, non-residential fixed investment, federal government spending and residential fixed investment. Personal consumption, which makes up more than 2/3 of GDP, saw an increase of 2.8% from the prior quarter and a y/y increase of 2.6%. Consumer spending accounted for 1.91%, or more than half of the 3.3% increase for the quarter. Consumer spending saw increases in both goods and services. Within the goods category, the big contributors were nondurable goods and sales of recreational goods and vehicles. Exports
increased 6.3% from the prior quarter with goods advancing 4.7% and services increasing 9.5%
This reading is subject to revisions as more data becomes available. The next release of Q4 GDP numbers will be February 28, 2024.