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Stifel's wealth management unit thrives, even as overall profits tumble

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Stifel's wealth management business finished strong in 2023, even as the firm's overall profits declined. In a call with analysts on Wednesday, the St. Louis-based firm announced its earnings for both the quarter and the year. In the fourth quarter of 2023, Stifel's overall net income was $153.2 million, down…

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