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  <B><FONT SIZE=5><P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">UNITED STATES<BR>
  SECURITIES AND EXCHANGE COMMISSION<BR>
  </FONT><FONT SIZE=4>Washington, DC 20549</P>
  </B></FONT><FONT SIZE=2><P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">&nbsp;</P>
  </FONT><B><FONT SIZE=5><P ALIGN="CENTER">FORM 8-K</P>
  </B></FONT><P ALIGN="CENTER"></P>
  <B><FONT SIZE=4><P ALIGN="CENTER">CURRENT REPORT<BR>
  </FONT>Pursuant To Section 13 OR 15(d) of the <BR>
  Securities Exchange Act of 1934</P>
  </B><P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">Date of Report (Date of earliest event reported):  <B>November 3, 2008</P>
  </B><P ALIGN="CENTER"></P>
  <B><U><FONT SIZE=5><P ALIGN="CENTER">STIFEL FINANCIAL CORP.<BR>
  </B></U></FONT><FONT SIZE=2>(Exact name of registrant as specified in its charter)</P>
  </FONT><P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">&nbsp;</P>
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
  <TR><TD WIDTH="33%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">Delaware<BR>
  </B></U><FONT SIZE=3>(State of incorporation)</P>
  </FONT><P ALIGN="CENTER"></TD>
  <TD WIDTH="33%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">1-9305<BR>
  </B></U><FONT SIZE=3>(Commission File Number)</P>
  </FONT><P ALIGN="CENTER"></TD>
  <TD WIDTH="33%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">43-1273600<BR>
  </B></U><FONT SIZE=3>(IRS Employer<BR>
  Identification No.)</P>
  </FONT><P ALIGN="CENTER"></TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <B><P ALIGN="CENTER">One Financial Plaza<BR>
  501 North Broadway</B><BR>
  <B><U>St. Louis, Missouri 63102-2102<BR>
  </B></U>(Address of principal executive offices, including zip code)</P>
  <P ALIGN="CENTER"></P>
  <FONT SIZE=2><P ALIGN="CENTER">Registrant's telephone number, including area code </FONT><B><U>(314) 342-2000</P>
  </B></U>
  <P>&nbsp;</P>
  <U><FONT SIZE=2><P ALIGN="CENTER">___________________________N/A___________________________</U><BR>
  (Former name or former address, if changed since last report)</P>
  
  <P>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>[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
  <P>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
  <P>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
  <P>[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
  <P ALIGN="CENTER"></P>
  <P> </P>
  <P ALIGN="CENTER" ><FONT SIZE=2 COLOR ="#708090"><I> Page 1 </I></FONT><BR>
  <HR NOSHADE></P>
  <p Style='page-break-before:always'>
  
  
  </FONT><B><U><P style="text-align: left">Item 8.01 Other Events</U>.</P>
  
  </B><P ALIGN="JUSTIFY">On November 3, 2008, Stifel Financial Corp. (the "Company") agreed to issue 142,196 shares of Stifel common stock in exchange for $12.5 million par value of 6.78% Cumulative Trust Preferred Securities. The Cumulative Trust Preferred Securities were originally offered and sold in a $35.0 million private placement by Stifel Financial Capital Trust IV, a non-consolidated wholly-owned Delaware business trust subsidiary of the Company, on June 28, 2007. As a result of this transaction, the Company intends to extinguish $12.5 million of its debenture to Stifel Financial Capital Trust IV in the fourth quarter and record an approximate $6.25 million gain before certain expenses and taxes.</P>
  <P ALIGN="JUSTIFY"></P>
  <P ALIGN="JUSTIFY">A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.</P>
  <P ALIGN="JUSTIFY"></P>
  <P ALIGN="JUSTIFY"><A NAME="OLE_LINK1">The exhibit attached hereto will not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section, nor will such information or exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.</A></P>
  
  <B><P>Cautionary Statement Concerning Forward-Looking Statements</P>
  </B>
  <P ALIGN="JUSTIFY">This Current Report on Form 8-K contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this report not dealing with historical results are forward-looking and are based on various assumptions. The forward-looking statements in this report are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among other things, the following possibilities: <FONT FACE="Garamond">our goals, intentions and expectations; our business plans and growth strategies; our ability to integrate and manage our acquired businesses; estimates of our risks and future costs and benefits; and forecasted demographic and economic trends relating to our industry</FONT>; and other risk factors referred to from time to time in filings made by Stifel with the Securities and Exchange Commission. Forward-looking statements speak only as to the date they are made. 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.</P>
  <B>
  <U><P style="text-align: left">Item 9.01 Financial Statements and Exhibits</U>.</P>
  
  </B><P style="text-align: left">(d)  &#9;Exhibits.</P>
  
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=588>
  <TR><TD WIDTH="24%" VALIGN="TOP">
  <B><U><P>Exhibit Number</B></U></TD>
  <TD WIDTH="76%" VALIGN="TOP">
  <B><U><P>Description of Exhibit</B></U></TD>
  </TR>
  <TR><TD WIDTH="24%" VALIGN="TOP">
  <P ALIGN="CENTER">99.1</TD>
  <TD WIDTH="76%" VALIGN="TOP">
  <P>Press Release, dated November 4, 2008</TD>
  </TR>
  </TABLE>
  </CENTER></P>
  <P ALIGN="CENTER" ><FONT SIZE=2 COLOR ="#708090"><I> Page 2 </I></FONT><BR>
  <HR NOSHADE></P>
  <p Style='page-break-before:always'>
  
  <B><P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">&nbsp;</P>
  <P ALIGN="CENTER">SIGNATURE</P>
  </B><P ALIGN="JUSTIFY"></P>
  <P ALIGN="JUSTIFY">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 ALIGN="JUSTIFY"></P>
  
  <TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
  <tr>
  	<TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="50%" VALIGN="TOP">
  STIFEL FINANCIAL CORP.<p>&nbsp;</TD>
  </tr>
  <TR><TD WIDTH="50%" VALIGN="TOP">
  <P>Date:  November 3, 2008</TD>
  <TD WIDTH="50%" VALIGN="TOP">
  <P>By:  &#9;<U> /s/  Ronald J. Kruszewski</U></TD>
  </TR>
  <TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="50%" VALIGN="TOP">
  <P>Name:&#9;Ronald J. Kruszewski<BR>Title:&#9;President and Chief Executive Officer</TD>
  </TR>
  </TABLE>
  
  <B><P>&nbsp;</P>
  <P>&nbsp;</P><DIR>
  <DIR>
  
  <P>&#9;&#9;&#9;&#9;&#9;&#9;&#9;</P>
  </B></DIR>
  </DIR>
  <P ALIGN="CENTER" ><FONT SIZE=2 COLOR ="#708090"><I> Page 3 </I></FONT><BR>
  <HR NOSHADE></P>
  <p Style='page-break-before:always'>
  
  <B><FONT SIZE=4><P ALIGN="CENTER">Exhibit Index</P>
  </B></FONT>
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=615>
  <TR><TD WIDTH="14%" VALIGN="MIDDLE">&nbsp;</TD>
  <TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
  <TD WIDTH="84%" VALIGN="MIDDLE">&nbsp;</TD>
  </TR>
  <TR><TD WIDTH="14%" VALIGN="BOTTOM">
  <B><P ALIGN="CENTER">Exhibit&nbsp;No.</P>
  </B><P ALIGN="CENTER"></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM">&nbsp;</TD>
  <TD WIDTH="84%" VALIGN="BOTTOM">
  <B><P ALIGN="CENTER">Description</P>
  </B><P ALIGN="CENTER"></TD>
  </TR>
  <TR><TD WIDTH="14%" VALIGN="TOP">
  <P ALIGN="CENTER">99.1</TD>
  <TD WIDTH="2%" VALIGN="BOTTOM">
  <P>&nbsp;</TD>
  <TD WIDTH="84%" VALIGN="BOTTOM">
  <P>Stifel Financial Corp.'s press release dated November 4, 2008. </TD>
  </TR>
  </TABLE>
  </CENTER></P>
  <p>&nbsp;</p>
  <p>&nbsp;</p>
  
  <P ALIGN="CENTER" ><FONT SIZE=2 COLOR ="#708090"><I> Page 4 </I></FONT><BR>
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metadata_filer: {"company-data": {"conformed-name": "STIFEL FINANCIAL CORP", "cik": "0000720672", "assigned-sic": "6211", "irs-number": "431273600", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09305", "film-number": "081161637"}, "business-address": {"street1": "ATTN: JAMES G. LASCHOBER", "street2": "501 N. BROADWAY", "city": "ST. LOUIS", "state": "MO", "zip": "63102-2102", "phone": "314-342-2000"}, "mail-address": {"street1": "ATTN: JAMES G. LASCHOBER", "street2": "501 N. BROADWAY", "city": "ST. LOUIS", "state": "MO", "zip": "63102-2102"}}
text: _
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, DC 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant To Section 13 OR 15(d) of the
  Securities Exchange Act of 1934
  Date of Report (Date of earliest event reported):
  November 3, 2008
  STIFEL FINANCIAL CORP.
  (Exact name of registrant as specified in its charter)
  Delaware
  (State of incorporation)
  1-9305
  (Commission File Number)
  43-1273600
  (IRS Employer
  Identification No.)
  One Financial Plaza
  501 North Broadway
  St. Louis, Missouri 63102-2102
  (Address of principal executive offices, including zip code)
  Registrant's telephone number, including area code
  (314) 342-2000
  ___________________________N/A___________________________
  (Former name or former address, if changed since last report)
  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):
  [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Page 1
  Item 8.01 Other Events
  .
  On November 3, 2008, Stifel Financial Corp. (the "Company") agreed to issue 142,196 shares of Stifel common stock in exchange for $12.5 million par value of 6.78% Cumulative Trust Preferred Securities. The Cumulative Trust Preferred Securities were originally offered and sold in a $35.0 million private placement by Stifel Financial Capital Trust IV, a non-consolidated wholly-owned Delaware business trust subsidiary of the Company, on June 28, 2007. As a result of this transaction, the Company intends to extinguish $12.5 million of its debenture to Stifel Financial Capital Trust IV in the fourth quarter and record an approximate $6.25 million gain before certain expenses and taxes.
  A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
  The exhibit attached hereto will not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section, nor will such information or exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
  Cautionary Statement Concerning Forward-Looking Statements
  This Current Report on Form 8-K contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this report not dealing with historical results are forward-looking and are based on various assumptions. The forward-looking statements in this report are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among other things, the following possibilities:
  our goals, intentions and expectations; our business plans and growth strategies; our ability to integrate and manage our acquired businesses; estimates of our risks and future costs and benefits; and forecasted demographic and economic trends relating to our industry
  ; and other risk factors referred to from time to time in filings made by Stifel with the Securities and Exchange Commission. Forward-looking statements speak only as to the date they are made. 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.
  Item 9.01 Financial Statements and Exhibits
  .
  (d)  	Exhibits.
  Exhibit Number
  Description of Exhibit
  99.1
  Press Release, dated November 4, 2008
  Page 2
  SIGNATURE
  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.
  STIFEL FINANCIAL CORP.
  Date:  November 3, 2008
  By:
  /s/  Ronald J. Kruszewski
  Name:	Ronald J. Kruszewski
  Title:	President and Chief Executive Officer
  Page 3
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Stifel Financial Corp.'s press release dated November 4, 2008.
  Page 4