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.
The Bureau of Economics Analysis (BEA) released its initial reading of the Q4 Gross Domestic Product (GDP) and reported the economy expanded by 2.9% from the prior quarter. Q4 GDP was the second consecutive quarter of positive growth. As a reminder, Q3 GDP increased by 3.2%. The chart below shows GDP growth over the previous quarter going back to Q1 2019.
Details from the release point to increases in Private Inventories, Consumer Spending, Nonresidential Fixed Investment and Government Spending at the federal, state and local levels. Personal Consumption, which makes up more than two-thirds of the GDP, saw a year-over-year (y/y) rise of 2.1%. Services increased 2.6% while Goods increased 1.1%. Healthcare was one of the main drivers behind Services growth expanding 0.39% y/y.
This data is subject to revisions as more information becomes available. The second reading of Q4 GDP will be released February 23.