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  25,  1996  on our audits of the consolidated  financial
statements and financial statement schedules of Stifel  Financial
Corp.  and Subsidiaries as of December 31, 1995 and December  31,
1994, and for the years ended December 31, 1995 and December  31,
1994,  the five-month transition period ended December  31,  1993
and  the  fiscal  year  ended  July 30,  1993,  which  report  is
incorporated by reference in this Annual Report on Form 10-K.


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


St. Louis, Missouri
February 25, 1996