release Good Thank posted on deck website. quarter Joel. and time results. by a to I’m you to our the as call Zemlyak Jim Jim joined morning locations you, Victor earnings Marischen. for as various XXXX taking Nesi; we the today well and and thank CFO, Co-Presidents, morning, from Earlier slide first our this on listen an our issued
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new nature on the transparency the our slides. we’ve our particularly we’ve increase securities earnings given are revised illustrate Most strong noticed, and of liquidity. current formatting. As of our and that conservative We our number believe and book new included balance the market, the probably sheet in the holdings. of But disclosures you loan just a uncertainty disclosures, changes
express healthcare to to First and wishes best everyone. like gratitude workers to extend I would of all,
and protecting and Stifel that our at committed to us of hope to and COVID-XX, are supporting well Stifel our communities as clients. clients has healthy. and and ones businesses, Responding your as you institutional associates, commercial loved serving All safe small
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worked associates of the have than month, Stifel Over more XX% last remotely.
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slide additional some following Wealth The on Management. color gives
of added We as average production continue to see advisors trailing first the recruiting XX-month we XX $XX positive with quarter, momentum million. nearly in
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integrated acquisitions operating environment. in operated have and all these of smoothly this are fully All remote
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volatility was high yield. during revenue a both driven also revenues. the $XXX share volatility in benefited brokerage and annualizing losses note would income in our municipals. Both and our effectively grade increase gains trading the that I Fixed market and we risk managed by and The decline given we quarter in more increased upheaval brokerage offsetting caution investment from up would activity XX%. with fixed in first increased spike was portfolio market investment-grade against and than record April, in income million, equity
On our following look slide, banking the revenue. we investment firm-wide at
Magazine. let effort of building Bank by off In the on & investment Year our terms investment banking Investment helps our start franchise. by award named congratulating the banking Market my into being me validate This Middle of colleagues Mergers that’s business, Acquisitions gone
still the our track banking slowed business were in came $XXX likely in for was just results significantly we revenue in quarter which on under and February, at The investment investment through banking. XX%. Looking total March record million, up
over we where last We showed particularly but in quarter, capital performance good a were year, So significant improvement below raising. tracking. well
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a debt issuance but of the business, year-on-year also weeks had a the we generate capital business, substantial finance We public strong our last raising year growth. two first negligible. was months three municipal in in March of On
in George benefit and markets the managed of that managed. integration to remained XXX year-on-year Stifel business negotiated by we number We continue also capital contribution acquisition and issues, taxable we quarter. as municipal to a number want from our I lead Baum, solid mention XX% generated K. from of up debt the issues one
raising, its first across distributed was very I most business quarter The of was prior strong would to work March a of Moving the had Cofina Miller XX% transaction. declined Buckfire’s in significant to first the due and slowdown the capital similar activity from our our the our was restructuring that way of advisory of a to the business the performance to as business fee revenue March. fact on advisory, well XXXX quarter that advisory levels on Similar note verticals.
As against possibly markets forward M&A I backdrop, remain in strong, of announcements this the second the traditional We and market. but pipelines for M&A into market closings a remain relatively timing in look and third would challenging the quarter. obviously our subdued uncertain expect
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Although market comprises various during majority revenue, traditional built of revenue our advisory our business M&A the conditions. is to produce
Specifically, client we’re with at engagement Miller significant Buckfire. restructuring our increased team seeing
private environment, Stifel Our our of raising. options that public just more industry the is example This how to are and finance, current to capital the restructuring, has understand relevant their them leveraged clients. become including helping are all clients bankers another in available equity
now turn let with Jim over our Marischen. And me call CFO, the to that,
