02:49 PM EDT, 09/20/2024 (MT Newswires) -- B. Riley Financial ( RILY ) is in discussions with Stifel Financial ( SF ) for the sale of its wealth management business for over $100 million, Reuters reported Friday, citing a source familiar with the matter.

There is no guarantee the talks will result in a sale, the source reportedly said.

Stifel declined comment to MT Newswires, while B. Riley did not immediately respond to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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