Exhibit 99.2

Stifel Financial Corp. 4th Quarter 2009 Earnings Conference Call February 9, 2010

Forward-Looking Statements

Chairman's Comments

4th Quarter 2009 Highlights

YTD 2009 Highlights

Growth

Stock Performance Graph

Stifel Financial Stock Performance Graph

Stifel Financial Corp. Income Statements

Source of Revenues

Principal Transactions

Stifel Income Statements Non-Interest Expenses

Key Items with Negative Impact to Margins

Segment Comparision

YTD Segment Comparision (Excludes Acquisitions)

Global Wealth Management Income Statements

Stifel Bank & Trust Income Statements

Stifel Bank & Trust

Capital Markets Income Statement

Capital Markets Revenues

Stifel Financial Balance Sheet Graphs

Capital Structure

Level 3 Assets

Other Financial Data

Stifel Outlook

Q&A - Questions and Answers