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  <TITLE>Form 8-K</TITLE>
  
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  <DIV
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  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT
  size=2></FONT>&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B>
  <FONT
  size=5>UNITED STATES</FONT></B></P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B>
  <FONT
  size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B><FONT
  size=3>Washington, DC 20549</FONT></B></P>
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B>
  <FONT
  size=6>FORM 8-K</FONT></B></P>
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B>
  <FONT
  size=4>CURRENT REPORT</FONT></B></P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B>Pursuant To Section 13 OR 15(d) of the </B></P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B>Securities Exchange Act of 1934</B></P>
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">Date of Report (Date of earliest event reported):
  <b>December 5, 2012</b></P>
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><U><B>
  <FONT
  size=6>STIFEL FINANCIAL CORP.</FONT></B></U></P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">(Exact name of registrant as specified in its charter)</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT
  size=2></FONT>&nbsp;</P>
  <DIV align=center>
  <TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0
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    <TR>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width="33%">
        <P
        style="MARGIN: 5pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><U><B>Delaware</B></U><BR>(State of
        incorporation)</P>
        </TD>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width="33%">
        <P
        style="MARGIN: 5pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><U><B>001-09305</B></U><BR>(Commission File
        Number)</P>
        </TD>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width="33%">
        <P
        style="MARGIN: 5pt 0in 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><U><B>43-1273600</B></U><BR>(IRS
        Employer<BR>Identification No.)</P>
        </TD></TR></TABLE></DIV>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><FONT
  size=2></FONT>&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b>One Financial Plaza</b></P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B>501 North Broadway</B></P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><U><B>St. Louis, Missouri 63102-2102</B></U></P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">(Address of principal executive offices, including zip code)</P>
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">Registrant's telephone number, including area code:
  <U><B>(314) 342-2000</B></U></P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  
  
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    <TR>
      <TD
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        </TD>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1.5pt solid"
      vAlign=top width="60%">
        <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B>N/A</B></P></TD>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width="20%">
        </TD></TR>
    <TR>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width="20%">
        </TD>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width="60%">
        <P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>(Former name or former address, if changed since last
        report)</P></TD>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width="20%">
        </TD></TR></TABLE></DIV>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
  size=2></FONT>&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><FONT
  size=2></FONT>&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">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 (<I>see</I> General
  Instruction A.2. below):</font></P>
  
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">
  	<FONT face="Wingdings" size="3">&#254;</FONT><font size="2">&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)</font></P>
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><B>
  <font size="2" face="Wingdings">o</font></B><font size="2">&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the
  Exchange Act (17 CFR 240.14a-12)</font></P>
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><B>
  <font size="2" face="Wingdings">o</font></B><font size="2">&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule
  14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></P>
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><B>
  <font size="2" face="Wingdings">o</font></B><font size="2">&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule
  13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></P>
  
  <P
  style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; LINE-HEIGHT: 8.33%; TEXT-ALIGN: center"><FONT
  size=2></FONT>&nbsp;</P>
  <DIV
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  <DIV
  style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: 0.05em solid">&nbsp;</DIV></DIV>
  
  <DIV title="EE+ Page Break" style="PAGE-BREAK-AFTER: always">
  </DIV>
  
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><B>Item
  7.01&nbsp;&nbsp;Regulation FD Disclosure.</B></P>
  
  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt">On
  December 5, 2012, Stifel Financial Corp. (the &quot;Company&quot;) will present to
  institutional investors at the Goldman Sachs Financial Services Conference 2012.
  A copy of the investor presentation was filed as Exhibit 99.1 to the Company's
  Current Report on Form 8-K, which was filed on November 13, 2012, and is
  incorporated herein by reference. A copy of the investor presentation is
  available on the Investor Relations section of the Company's web site at
  www.stifel.com. </p>
  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt">The
  investor presentation, which is incorporated by reference, is being furnished
  pursuant to Item 7.01, and the information contained therein shall not be deemed
  &quot;filed&quot; for the purposes of Section 18 of the Securities Exchange Act of 1934,
  as amended (the &quot;Exchange Act&quot;), or otherwise subject to the liabilities of that
  section, nor shall it be deemed incorporated by reference in any filing under
  the Securities Act of 1933, as amended, or the Exchange Act, except as shall be
  expressly set forth by specific reference in such filing. </p>
  
  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt">To
  supplement its financial statements presented in accordance with GAAP, the
  Company used, in its investor presentation, certain non-GAAP measures of
  financial performance. The Company believes that these non-GAAP measures will
  allow for a better evaluation of the operating performance of the business and
  facilitate a meaningful comparison of the Company's results in the current
  period to those in prior periods and future periods. Reference to these non-GAAP
  measures should not be considered as a substitute for results that are presented
  in a manner consistent with GAAP. These non-GAAP measures are provided to
  enhance investors' overall understanding of the Company's financial performance.</p>
  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt"><b>
  Cautionary Statement Concerning Forward-Looking Statements </b></p>
  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt">
  Statements in this Current Report on Form 8-K that relate to the Company's or
  KBW, Inc.'s (&quot;KBW&quot;) future plans, objectives, expectations, performance, events
  and the like may constitute &quot;forward-looking statements&quot; within the meaning of
  the Private Securities Litigation Reform Act of 1995, Section 27A of the
  Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
  Act of 1934, as amended. Future events, risks and uncertainties, individually or
  in the aggregate, could cause our actual results to differ materially from those
  expressed or implied in these forward-looking statements. The material factors
  and assumptions that could cause actual results to differ materially from
  current expectations include, without limitation, the following: (1) the
  inability to close the merger in a timely manner; (2) the inability to complete
  the merger due to the failure to obtain KBW stockholder adoption of the merger
  agreement or the failure to satisfy other conditions to completion of the
  merger, including required regulatory and court approvals; (3) the failure of
  the transaction to close for any other reason; (4) the possibility that the
  integration of KBW's business and operations with those of the Company may be
  more difficult and/or take longer than anticipated, may be more costly than
  anticipated and may have unanticipated adverse results relating to KBW's or the
  Company's existing businesses; (5) the challenges of integrating and retaining
  key employees; (6) the effect of the announcement of the transaction on the
  Company's, KBW's or the combined company's respective business relationships,
  operating results and business generally; (7) the possibility that the
  anticipated synergies and cost savings of the merger will not be realized, or
  will not be realized within the expected time period; (8) the possibility that
  the merger may be more expensive to complete than anticipated, including as a
  result of unexpected factors or events; (9) the challenges of maintaining and
  increasing revenues on a combined company basis following the close of the
  merger; (10) diversion of management's attention from ongoing business concerns;
  (11) general competitive, economic, political and market conditions and
  fluctuations; (12) actions taken or conditions imposed by the United States and
  foreign governments; (13) adverse outcomes of pending or threatened litigation
  or government investigations; (14) the impact of competition in the industries
  and in the specific markets in which the Company and KBW, respectively, operate;
  and (15) other factors that may affect future results of the combined company
  described in the section entitled &quot;Risk Factors&quot; in the proxy
  statement/prospectus to be mailed to KBW's shareholders and in the Company's and
  KBW's respective filings with the U.S. Securities and Exchange Commission
  (&quot;SEC&quot;) that are available on the SEC's web site located at www.sec.gov,
  including the sections entitled &quot;Risk Factors&quot; in the Company's Annual Report on
  Form 10-K for the fiscal year ended December 31, 2011, and &quot;Risk Factors&quot; in
  KBW's Annual Report on Form 10-K for the fiscal year ended December 31, 2011.
  Readers are strongly urged to read the full cautionary statements contained in
  those materials. We assume no obligation to update any forward-looking
  statements to reflect events that occur or circumstances that exist after the
  date on which they were made. <i>&nbsp;</i></p>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <DIV title="EE+ Page Break" style="PAGE-BREAK-AFTER: always">
  <HR align=center width="100%" noShade SIZE=2>
  </DIV>
  
  
  <p class="MsoNormal" style="text-autospace: none; margin: 5.0pt 0in">&nbsp;</p>
  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt"><b>
  Additional Information </b></p>
  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt">In
  connection with the proposed Merger, the Company filed a registration statement
  on Form S-4 that also constitutes a prospectus of the Company and other relevant
  documents relating to the acquisition of KBW with the SEC. The registration
  statement on Form S-4 includes a proxy statement of KBW, and the final proxy
  statement/prospectus will be mailed to shareholders of KBW. The Company and KBW
  shareholders are urged to read the registration statement and any other relevant
  documents filed with the SEC, including the proxy statement/prospectus that is
  part of the registration statement, because they contain important information
  about the Company, KBW and the proposed transaction. Investors and
  securityholders can obtain free copies of the registration statement and proxy
  statement/prospectus as well as other filed documents containing information
  about the Company and KBW, without charge, at the SEC's website (www.sec.gov).
  Free copies of the Company's filings also may be obtained by directing a request
  to the Company's Investor Relations by phone to (314) 342-2000, in writing to
  Stifel Financial Corp., Attention: Investor Relations, 501 North Broadway, St.
  Louis, Missouri 63102, by email to investorrelations@stifel.com or at the
  Company's website (www.Stifel.com). Free copies of KBW's filings also may
  be obtained by directing a request to KBW's Investor Relations by phone to (866)
  529-2339, in writing to KBW, Inc., Attn: Alan Oshiki, c/o King Worldwide
  Investor Relations, 48 Wall Street, 32nd Floor, New York, New York 10005, or by
  email to kbw.inv.relations@kbw.com. </p>
  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt"><b>Proxy
  Solicitation </b></p>
  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt">The
  Company, KBW and their respective directors and executive officers may be
  deemed, under SEC rules, to be participants in the solicitation of proxies from
  the shareholders of KBW with respect to the proposed transaction. More detailed
  information regarding the identity of the potential participants, and their
  direct or indirect interests, by securities holdings or otherwise, is set forth
  in the registration statement and proxy statement/prospectus and other materials
  filed with the SEC in connection with the proposed transaction. Information
  regarding the Company's directors and executive officers is also available in
  the Company's definitive proxy statement for its 2012 Annual Meeting of
  Shareholders filed with the SEC on April 20, 2012. Information regarding KBW's
  directors and executive officers is also available in KBW's definitive proxy
  statement for its 2012 Annual Meeting of Shareholders filed with the SEC on
  April 27, 2012. These documents are available free of charge at the SEC's web
  site at www.sec.gov and from Investor Relations section of the Company's and
  KBW's websites. </p>
  
  <P style="MARGIN-TOP: 6.0pt; MARGIN-BOTTOM: -10px; " class="MsoNormal">&nbsp;</P>
  <P style="MARGIN-TOP: 6.0pt; MARGIN-BOTTOM: -10px; " class="MsoNormal"><B>
  Item 9.01&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</B></P>
  <P style="MARGIN-TOP: 6.0pt; MARGIN-BOTTOM: -10px; " class="MsoNormal">&nbsp;</P>
  
  <DIV align=left>
  <TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=125
  border=0>
  
    <TR>
      <TD vAlign=top noWrap width=48>
        <P
        style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
  		<i>(d) </i></P></TD>
      <TD vAlign=top noWrap width=77>
        <P
        style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
  		<i>Exhibits.</i></P></TD></TR></TABLE>
  <p style="text-indent: 0pt; text-align: left; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</DIV>
  
  
  <DIV align=left>
  <TABLE style="MARGIN-LEFT: 5.4pt; BORDER-COLLAPSE: collapse" cellSpacing=0
  cellPadding=0 width=902 border=0>
  
    <TR>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width=144>
        <P
        style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
  		<b><U>Exhibit No.</U></b></P></TD>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width=731>
        <P
        style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">
  		<b><U>Description of Exhibit</U></b></P></TD></TR>
    <TR>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width=144>
        </TD>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width=731>
        </TD></TR>
    <TR>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width=144>
        99.1</TD>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width=731>
  
  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt">
  Investor
  presentation incorporated herein by reference to Exhibit 99.1 to the Company's
  Current Report on Form 8-K filed November 13, 2012.</p>
  
  	</TD></TR>
    </TABLE></DIV>
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <DIV title="EE+ Page Break" style="PAGE-BREAK-AFTER: always">
  <HR align=center width="100%" noShade SIZE=2>
  </DIV>
  
  
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B>SIGNATURE</B></P>
  
  <P
  style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: ; TEXT-ALIGN: justify">&nbsp;</P>
  <P
  style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: ; TEXT-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
  style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: ; TEXT-ALIGN: justify">&nbsp;</P>
  <P
  style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: ; TEXT-ALIGN: justify">&nbsp;</P>
  
  
  <DIV align=left>
  <TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="65%"
  border=0>
  
    <TR>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top width=359>
        </TD>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
      vAlign=top colSpan=2>
        <P
        style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">STIFEL FINANCIAL CORP.</P></TD></TR>
    <TR>
      <TD
      style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in"
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        <P
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  		Date: December 5, 2012</P></TD>
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        <P
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  		By:</P></TD>
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        <P
        style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">/s/ James M. Zemlyak</P></TD></TR>
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        <P
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  		James M. Zemlyak</P></TD></TR>
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        <P
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  		<i>Senior Vice President and Chief Financial
    Officer</i></P></TD></TR></TABLE></DIV>
  <P
  style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.5in; TEXT-ALIGN: left"><FONT
  size=2></FONT>&nbsp;</P>
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  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><B>EXHIBIT INDEX</B></P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  <P style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</P>
  
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        <P
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  		<b><U>Exhibit No.</U></b></P></TD>
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  		<b><U>Description of Exhibit</U></b></P></TD></TR>
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        99.1</TD>
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  <p class="MsoNormal" style="text-align: justify; margin-bottom: 12.0pt">
  Investor
  presentation incorporated herein by reference to Exhibit 99.1 to the Company's
  Current Report on Form 8-K filed November 13, 2012.</p>
  
  	</TD></TR>
    </TABLE>
  <p>&nbsp;</p>
  <p>&nbsp;</p>
  <p>&nbsp;</DIV>
  
  
  
  
  
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "formv8vk.htm", "description": "FORM 8-K", "secsgml_size_bytes": 27992}]
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": "121241753"}, "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: Form 8-K
  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):
  December 5, 2012
  STIFEL FINANCIAL CORP.
  (Exact name of registrant as specified in its charter)
  Delaware
  (State of
        incorporation)
  001-09305
  (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):
  þ
  Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)
  o
  Soliciting material pursuant to Rule 14a-12 under the
  Exchange Act (17 CFR 240.14a-12)
  o
  Pre-commencement communications pursuant to Rule
  14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  o
  Pre-commencement communications pursuant to Rule
  13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Item
  7.01  Regulation FD Disclosure.
  On
  December 5, 2012, Stifel Financial Corp. (the "Company") will present to
  institutional investors at the Goldman Sachs Financial Services Conference 2012.
  A copy of the investor presentation was filed as Exhibit 99.1 to the Company's
  Current Report on Form 8-K, which was filed on November 13, 2012, and is
  incorporated herein by reference. A copy of the investor presentation is
  available on the Investor Relations section of the Company's web site at
  www.stifel.com.
  The
  investor presentation, which is incorporated by reference, is being furnished
  pursuant to Item 7.01, and the information contained therein shall not be deemed
  "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 that
  section, nor shall it be deemed incorporated by reference in any filing under
  the Securities Act of 1933, as amended, or the Exchange Act, except as shall be
  expressly set forth by specific reference in such filing.
  To
  supplement its financial statements presented in accordance with GAAP, the
  Company used, in its investor presentation, certain non-GAAP measures of
  financial performance. The Company believes that these non-GAAP measures will
  allow for a better evaluation of the operating performance of the business and
  facilitate a meaningful comparison of the Company's results in the current
  period to those in prior periods and future periods. Reference to these non-GAAP
  measures should not be considered as a substitute for results that are presented
  in a manner consistent with GAAP. These non-GAAP measures are provided to
  enhance investors' overall understanding of the Company's financial performance.
  Cautionary Statement Concerning Forward-Looking Statements
  Statements in this Current Report on Form 8-K that relate to the Company's or
  KBW, Inc.'s ("KBW") future plans, objectives, expectations, performance, events
  and the like may constitute "forward-looking statements" within the meaning of
  the Private Securities Litigation Reform Act of 1995, Section 27A of the
  Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
  Act of 1934, as amended. Future events, risks and uncertainties, individually or
  in the aggregate, could cause our actual results to differ materially from those
  expressed or implied in these forward-looking statements. The material factors
  and assumptions that could cause actual results to differ materially from
  current expectations include, without limitation, the following: (1) the
  inability to close the merger in a timely manner; (2) the inability to complete
  the merger due to the failure to obtain KBW stockholder adoption of the merger
  agreement or the failure to satisfy other conditions to completion of the
  merger, including required regulatory and court approvals; (3) the failure of
  the transaction to close for any other reason; (4) the possibility that the
  integration of KBW's business and operations with those of the Company may be
  more difficult and/or take longer than anticipated, may be more costly than
  anticipated and may have unanticipated adverse results relating to KBW's or the
  Company's existing businesses; (5) the challenges of integrating and retaining
  key employees; (6) the effect of the announcement of the transaction on the
  Company's, KBW's or the combined company's respective business relationships,
  operating results and business generally; (7) the possibility that the
  anticipated synergies and cost savings of the merger will not be realized, or
  will not be realized within the expected time period; (8) the possibility that
  the merger may be more expensive to complete than anticipated, including as a
  result of unexpected factors or events; (9) the challenges of maintaining and
  increasing revenues on a combined company basis following the close of the
  merger; (10) diversion of management's attention from ongoing business concerns;
  (11) general competitive, economic, political and market conditions and
  fluctuations; (12) actions taken or conditions imposed by the United States and
  foreign governments; (13) adverse outcomes of pending or threatened litigation
  or government investigations; (14) the impact of competition in the industries
  and in the specific markets in which the Company and KBW, respectively, operate;
  and (15) other factors that may affect future results of the combined company
  described in the section entitled "Risk Factors" in the proxy
  statement/prospectus to be mailed to KBW's shareholders and in the Company's and
  KBW's respective filings with the U.S. Securities and Exchange Commission
  ("SEC") that are available on the SEC's web site located at www.sec.gov,
  including the sections entitled "Risk Factors" in the Company's Annual Report on
  Form 10-K for the fiscal year ended December 31, 2011, and "Risk Factors" in
  KBW's Annual Report on Form 10-K for the fiscal year ended December 31, 2011.
  Readers are strongly urged to read the full cautionary statements contained in
  those materials. We assume no obligation to update any forward-looking
  statements to reflect events that occur or circumstances that exist after the
  date on which they were made.
  Additional Information
  In
  connection with the proposed Merger, the Company filed a registration statement
  on Form S-4 that also constitutes a prospectus of the Company and other relevant
  documents relating to the acquisition of KBW with the SEC. The registration
  statement on Form S-4 includes a proxy statement of KBW, and the final proxy
  statement/prospectus will be mailed to shareholders of KBW. The Company and KBW
  shareholders are urged to read the registration statement and any other relevant
  documents filed with the SEC, including the proxy statement/prospectus that is
  part of the registration statement, because they contain important information
  about the Company, KBW and the proposed transaction. Investors and
  securityholders can obtain free copies of the registration statement and proxy
  statement/prospectus as well as other filed documents containing information
  about the Company and KBW, without charge, at the SEC's website (www.sec.gov).
  Free copies of the Company's filings also may be obtained by directing a request
  to the Company's Investor Relations by phone to (314) 342-2000, in writing to
  Stifel Financial Corp., Attention: Investor Relations, 501 North Broadway, St.
  Louis, Missouri 63102, by email to investorrelations@stifel.com or at the
  Company's website (www.Stifel.com). Free copies of KBW's filings also may
  be obtained by directing a request to KBW's Investor Relations by phone to (866)
  529-2339, in writing to KBW, Inc., Attn: Alan Oshiki, c/o King Worldwide
  Investor Relations, 48 Wall Street, 32nd Floor, New York, New York 10005, or by
  email to kbw.inv.relations@kbw.com.
  Proxy
  Solicitation
  The
  Company, KBW and their respective directors and executive officers may be
  deemed, under SEC rules, to be participants in the solicitation of proxies from
  the shareholders of KBW with respect to the proposed transaction. More detailed
  information regarding the identity of the potential participants, and their
  direct or indirect interests, by securities holdings or otherwise, is set forth
  in the registration statement and proxy statement/prospectus and other materials
  filed with the SEC in connection with the proposed transaction. Information
  regarding the Company's directors and executive officers is also available in
  the Company's definitive proxy statement for its 2012 Annual Meeting of
  Shareholders filed with the SEC on April 20, 2012. Information regarding KBW's
  directors and executive officers is also available in KBW's definitive proxy
  statement for its 2012 Annual Meeting of Shareholders filed with the SEC on
  April 27, 2012. These documents are available free of charge at the SEC's web
  site at www.sec.gov and from Investor Relations section of the Company's and
  KBW's websites.
  Item 9.01   Financial Statements and Exhibits.
  (d)
  Exhibits.
  Exhibit No.
  Description of Exhibit
  99.1
  Investor
  presentation incorporated herein by reference to Exhibit 99.1 to the Company's
  Current Report on Form 8-K filed November 13, 2012.
  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: December 5, 2012
  By:
  /s/ James M. Zemlyak
  James M. Zemlyak
  Senior Vice President and Chief Financial
    Officer
  EXHIBIT INDEX
  Exhibit No.
  Description of Exhibit
  99.1
  Investor
  presentation incorporated herein by reference to Exhibit 99.1 to the Company's
  Current Report on Form 8-K filed November 13, 2012.