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 its initial reading of the Q3 2023 gross domestic product (GDP) this morning and reported the economy expanded by 4.9% from the prior quarter, up 2.9% year-over-year (y/y). Today’s reading was positive for the fifth consecutive quarter and was the highest growth since Q4 of 2021.
Source: U.S. Bureau of Economic Analysis
The strength in Q3 GDP was a result of increases in Consumer Spending, Private Inventory Investment, Exports and Residential Fixed Investment Spending. Personal Consumption, which makes up more than two-thirds of the GDP, saw an increase of 4.0% from the prior quarter and a y/y increase of 2.4%. Consumers have remained resilient and continue to spend money on Nondurable Goods, Recreational Goods and Vehicles. As 2023 draws to a close, the holiday season will be the next gauge on the overall health of the consumer.
This reading is subject to revisions as more data becomes available. The next release of Q4 GDP numbers will be January 25.