EXHIBIT 23

                     			  STIFEL FINANCIAL CORP.
              	    CONSENT OF INDEPENDENT ACCOUNTANTS



We consent to the incorporation by reference in the registration statement of 
Stifel Financial Corp. and Subsidiaries on Form S-8 (file numbers 2-94326, 
33-10030, 33-16150, 33-20568 and 33-53097) and on Form S-3 (file number 
33-53699), of our report dated February 24, 1995 on our audits of the
consolidated financial statements and financial statement schedules of Stifel
Financial Corp. and Subsidiaries as of December 31, 1994 and December 31, 1993,
and for the year ended December 31, 1994, the five-month transition period
ended December 31, 1993 and the fiscal years ended July 30, 1993 and July 31,
1992, which report is incorporated by reference in this Annual Report on 
Form 10-K.


                                                /s/ Coopers & Lybrand, L.L.P.


St. Louis, Missouri
February 24, 1995