<SUBMISSION>
<ACCESSION-NUMBER>0000720672-09-000029
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20090227
<ITEMS>2.02
<ITEMS>9.01
<FILING-DATE>20090227
<DATE-OF-FILING-DATE-CHANGE>20090227
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>STIFEL FINANCIAL CORP
<CIK>0000720672
<ASSIGNED-SIC>6211
<IRS-NUMBER>431273600
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-09305
<FILM-NUMBER>09643779
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>ATTN: JAMES G. LASCHOBER
<STREET2>501 N. BROADWAY
<CITY>ST. LOUIS
<STATE>MO
<ZIP>63102-2102
<PHONE>314-342-2000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>ATTN: JAMES G. LASCHOBER
<STREET2>501 N. BROADWAY
<CITY>ST. LOUIS
<STATE>MO
<ZIP>63102-2102
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>r8k_2008q4erv21.htm
<TEXT>
<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->



<title>SECURITIES AND EXCHANGE COMMISSION</title>



</head>

<body lang=EN-US link=blue vlink=purple>









<div style='border:none;border-top:solid windowtext 3.0pt;padding:1.0pt 0pt 0pt 0pt'>

&nbsp;</div>

<p class=MsoNormal align=center style='text-align:center'><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
</b><b>Washington</b><b>, DC 20549</b></p>





<p class=MsoNormal align=center style='text-align:center'><b>FORM 8-K</b></p>



<p class=MsoBodyText3 align="center">CURRENT REPORT<br>
Pursuant To Section 13 OR 15(d) of The Securities Exchange Act of 1934</p>



<p class=MsoPlainText align=center style='text-align:center'>Date of Report (Date
of earliest event reported):&nbsp; <b>February 27, 2009</b></p>

<p class=MsoPlainText align=center style='text-align:center'></p>



<p class=MsoNormal align=center style='text-align:center'><b><u>STIFEL FINANCIAL CORP.<br>
</u></b>(Exact name of
registrant as specified in its charter)</p>





<div align="center">
	<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
		<tr>
			<td width=213 valign=top style='width:159.6pt;padding:0pt 5.4pt 0pt 5.4pt'>
			<p class=xl48 style='margin:0pt;margin-bottom:.0001pt' align="center">Delaware<br>(State
  of incorporation)</p></td>
			<td width=213 valign=top style='width:159.6pt;padding:0pt 5.4pt 0pt 5.4pt'>
			<p class=xl48 style='margin:0pt;margin-bottom:.0001pt' align="center">1-9305<br>(Commission
  File Number)</p></td>
			<td width=213 valign=top style='width:159.6pt;padding:0pt 5.4pt 0pt 5.4pt'>
			<p class=xl48 style='margin:0pt;margin-bottom:.0001pt' align="center">43-1273600<br>(IRS
  Employer<br>Identification No.)</p></td>
		</tr>
	</table></div>



<h3 align="center">One Financial Plaza<br>
501 North Broadway<br>
<u>St. Louis, Missouri 63102-2102</u><br>
(Address of principal executive offices,
including zip code)</h3>



<p class=MsoNormal align=center style='text-align:center'>Registrant's telephone number,
including area code <b><u>(314) 342-2000</u></b></p>





<p class=MsoNormal align=center style='text-align:center'><u>___________________________N/A___________________________</u><br>
(Former name or former address, if changed since last report)</p>



<p class=MsoNormal style='margin-bottom:6.0pt;text-autospace:none'>Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2.
below):</p>

<p class=MsoNormal style='text-autospace:none'>[
] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</p>

<p class=MsoNormal style='text-autospace:none'>[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</p>

<p class=MsoNormal style='text-autospace:none'>[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))</p>

<p class=MsoNormal>[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</p>

<div style='border:none;border-bottom:solid windowtext 3.0pt;padding:0pt 0pt 1.0pt 0pt'>



</div>

<p class=MsoFooter align=center style='text-align:center'>&nbsp;1</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>












<p class=MsoNormal><b>Item 2.02 Results of
Operations and Financial Condition.</b></p>



<p style='margin-left:36.0pt;text-align:justify'>On
February 27, 2009 Stifel Financial Corp. announced adjusted results for the
three months and year ended December 31, 2008. A copy of the related press
release is attached hereto as Exhibit 99.1.</p>

<p style='margin-left:36.0pt;text-align:justify'>The
exhibit is &quot;furnished&quot; pursuant to Item 2.02 &quot;Results of
Operations and Financial Condition,&quot; is not to be considered
&quot;filed&quot; under the Securities Exchange Act of 1934, as amended,
(&quot;Exchange Act&quot;) and shall not be incorporated by reference into any
filing by Stifel Financial Corp. under the Securities Act of 1933, as amended,
(&quot;Securities Act&quot;) or the Exchange Act.</p>



<p class=MsoBodyTextIndent2><b>&nbsp;</b></p>

<p class=MsoBodyTextIndent2><b>Items 9.01 Financial Statements and Exhibits.</b></p>



<p class=MsoBodyText2 style='margin-left:36.0pt;text-align:justify;text-indent:
-18.0pt'>(c) Exhibits:</p>

<blockquote>
	<p class=MsoBodyTextIndent style='text-align:justify'>The following exhibit is
&quot;furnished&quot; pursuant to Item 12 &quot;Disclosure of Results of
Operations and Financial Condition,&quot; is not to be considered
&quot;filed&quot; under the Securities Exchange Act of 1934, as amended,
(&quot;Exchange Act&quot;) and shall not be incorporated by reference into any
filing by Stifel Financial Corp. under the Securities Act of 1933, as amended,
(&quot;Securities Act&quot;) or the Exchange Act.</p>
</blockquote>



<p class=MsoBodyText2 style='margin-left:72.0pt;text-align:justify;text-indent:
-27.0pt'><b>Exhibit 99.1:</b>&nbsp;&nbsp;Stifel Financial Corp.'s press release
dated February 27, 2009. </p>

<p class=MsoNormal><b>&nbsp;</b></p>

<p class=MsoNormal><b>&nbsp;</b></p>

<p class=MsoFooter align=center style='text-align:center'>2</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>














<p class=MsoPlainText align=center style='text-align:center'><b>SIGNATURE</b></p>

<p class=MsoPlainText align=center style='text-align:center'></p>



<p class=MsoPlainText style='text-align:justify;text-indent:36.0pt'>Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.</p>



<p class=MsoPlainText style='margin-left:216.0pt;text-indent:22.5pt' align="center">STIFEL FINANCIAL CORP.</p>



<div align="center">



<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0pt 5.4pt 0pt 5.4pt'>
  <p class=MsoPlainText>Date:
  February 27, 2009</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0pt 5.4pt 0pt 5.4pt'>
  <p class=MsoPlainText>By:&nbsp;
  &nbsp;&nbsp;&nbsp;&nbsp; <u>&nbsp;&nbsp;/s/&nbsp; James M. Zemlyak&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0pt 5.4pt 0pt 5.4pt'>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0pt 5.4pt 0pt 5.4pt'>
  <p class=MsoPlainText>Name:&nbsp; James
  M. Zemlyak</p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0pt 5.4pt 0pt 5.4pt'>

  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0pt 5.4pt 0pt 5.4pt'>
  <p class=MsoPlainText>Title:&nbsp;&nbsp;&nbsp;&nbsp; Chief
  Financial Officer</p>
  </td>
 </tr>
</table>







</div>







<p class=MsoFooter align=center style='text-align:center'>3</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<br clear=all
style='page-break-before:always'>














<p class=MsoPlainText align=center style='text-align:center'><b>Exhibit Index</b></p>



<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='width:49%;margin-left:-6.45pt'>
 <tr>
  <td width="14%" style='width:14.12%;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td width="1%" valign=bottom style='width:1.76%;padding:0pt 0pt 0pt 0pt'>

  </td>
  <td style='width:52%;padding:0pt; '>

  </td>
 </tr>
 <tr>
  <td width="14%" valign=bottom style='width:14.12%;padding:0pt 0pt 0pt 0pt'>
  <p class=MsoNormal align=center style='text-align:center'><b>Exhibit&nbsp;No.</b></p>
  <div class=MsoNormal align=center style='text-align:center'>
  <hr size=1 width=63 style='width:47.25pt' noshade color=black align=center>
  </div>
  <p class=MsoNormal align=center style='text-align:center'></p>
  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='width:52%;padding:0pt; '>
  <p align=center style='margin:0pt;margin-bottom:.0001pt;text-align:center'><b>Description</b></p>
  <div class=MsoHeader align=center style='text-align:center'>
  <hr size=1 width=330 style='width:247.7pt' noshade color=black align=center>
  </div>
  <p class=MsoHeader align=center style='text-align:center'></p>
  </td>
 </tr>
 <tr>
  <td width="14%" valign=top style='width:14.12%;padding:0pt 0pt 0pt 0pt'>
  <p class=MsoNormal align=center style='margin-top:12.0pt;text-align:center'>99.1</p>
  </td>
  <td valign=bottom style='padding:0pt 0pt 0pt 0pt'>

  </td>
  <td valign=bottom style='width:52%;padding:0pt; '>
  <p class=MsoNormal style='margin-top:12.0pt' align="center">Stifel
  Financial Corp.'s press release dated February 27, 2009. </p>
  </td>
 </tr>
</table>

</div>





<p class=MsoFooter align=center style='text-align:center'>&nbsp;</p>
<p class=MsoFooter align=center style='text-align:center'>&nbsp;</p>
<p class=MsoFooter align=center style='text-align:center'>4</p>

<div class=MsoNormal align=center style='text-align:center'>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>r8k_20090227exh991.htm
<TEXT>
<html>

<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2006 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->



<title>STIFEL NICOLAUS LEASES </title>


</head>

<body lang=EN-US link=blue vlink=purple>











<p align=center style='text-align:center'><b>STIFEL
FINANCIAL CORP.<br>
</b>Form 8-K Dated February 27, 2009<br>
Exhibit 99: Press Release </p>

<p>[Stifel Financial Corp. logo]<b> Stifel
Financial News<br>
&nbsp;</b></p>
<div align=right>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=198
 style='width:148.5pt' id="table1">
 <tr>
  <td valign=top style='padding:5.25pt 5.25pt 5.25pt 5.25pt'>
  One Financial Plaza<br>
  501 North Broadway <br>
    St. Louis, MO 63102<br>
  (314) 342-2000</td>
 </tr>
</table>

</div>





<p class=MsoNormal><b>For further information contact:<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; James M.
Zemlyak,</b> Chief Financial Officer <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (314) 342-2228 zemlyakj@stifel.com</p>



<p class=MsoNormal><b><u>For Immediate Release</u></b></p>

<p class=MsoNormal style='text-align:justify;text-indent:36.0pt'><b>ST. LOUIS,
February 27, 2009</b> - Stifel Financial Corp. (NYSE: SF) announced today that
its subsidiary, Stifel, Nicolaus and Company, Incorporated (Stifel) may
increase its voluntary offer to repurchase a portion of its retail clients'
auction rate securities (ARS). &nbsp;Based on further review of the voluntary
repurchase plan previously announced on February 11, 2009, the Company has
determined that it may increase the amount of ARS it will voluntarily repurchase
for certain of its retail clients who purchased and continue to hold ARS at
Stifel, depending upon future circumstances. The plan excludes employee
accounts. Further details of the plan will be forthcoming.</p>

<p class=MsoNormal style='text-align:justify;text-indent:36.0pt'>As a result of
this announcement, Stifel Financial will take an additional contingency charge
for the 2008 fourth quarter of approximately $0.06 per diluted share.</p>

<p class=MsoNormal style='text-align:justify;text-indent:36.0pt'>Previously
announced fourth quarter net income has been adjusted to $16.0 million or $0.53
per diluted share compared to $13.8 million or $0.51 per diluted share for the
prior year comparable quarter.&nbsp; Yearly results have been adjusted to net income
of $55.5 million or $1.98 compared with $32.3 million or $1.25 per diluted
share for the prior year.</p>

<p class=MsoNormal style='text-align:justify;text-indent:36.0pt'>The Company's
previously announced non-GAAP net income &quot;Core earnings&quot; and non-GAAP earnings
per diluted share have been adjusted to $30.2 million and $0.66, respectively,
compared to 2007 fourth quarter of $20.5 million and $0.76, respectively.&nbsp; For
the year, the Company recorded non-GAAP earnings and non-GAAP earnings per
diluted share of $71.4 million and $2.54, respectively, compared to 2007 prior year
of $66.8 million and $2.60, respectively.</p>

<h3><u>Company
Information </u></h3>

<p class=MsoNormal style='margin-bottom:6.0pt;text-align:justify;text-indent:
18.0pt'>Stifel Financial Corp.
operates 212 offices in 35 states and the District of Columbia through its
principal subsidiary, Stifel Nicolaus and Company, Inc., and 3 European offices
through Stifel Nicolaus Limited. Stifel Nicolaus provides securities brokerage,
investment banking, trading, investment advisory, commercial and retail banking
and related financial services to individual investors, professional money
managers, businesses, and municipalities. Stifel Bank &amp; Trust offers a full
range of consumer and commercial lending solutions. To learn more about Stifel,
please visit the Company's web site at www.stifel.com. </p>

<h3><u>Forward-Looking
Statements</u></h3>

<p class=MsoNormal style='text-align:justify;text-indent:36.0pt'>This press release contains certain statements that
may be deemed to be &quot;forward-looking statements&quot; within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934.&nbsp; All statements in this press release not dealing with
historical results are forward-looking and are based on various
assumptions.&nbsp; The forward-looking statements in this press release are
subject to risks and uncertainties that could cause actual results to differ
materially from those expressed in or implied by the statements.&nbsp; Factors
that may cause actual results to differ materially from those contemplated by
such forward-looking statements include, among other things, the following
possibilities:&nbsp; the ability to successfully integrate the acquired
companies; a material adverse change in the financial condition; the risk of
borrower, depositor and other customer attrition; a change in general business
and economic conditions; changes in the interest rate environment, deposit
flows, loan demand, real estate values, and competition; changes in accounting
principles, policies or guidelines; changes in legislation and regulation;
other economic, competitive, governmental, regulatory, geopolitical, and
technological factors affecting the companies' operations, pricing, and
services; and other risk factors referred to from time to time in filings made
by Stifel with the Securities and Exchange Commission.&nbsp; Forward-looking
statements speak only as to the date they are made.&nbsp; Stifel does not
undertake to update forward-looking statements to reflect circumstances or
events that occur after the date the forward-looking statements are made.
Stifel disclaims any intent or obligation to update these forward-looking
statements.&nbsp;</p>

<p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='text-align:center'><b># # # # # #</b></p>



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