Keefe, Bruyette & Woods

Keefe, Bruyette & Woods (KBW) is an investment bank with a specific focus and expertise in the financial services sector. KBW and its bankers publish research on financial services companies, and they provide mergers and acquisitions (M&A) and capital markets advisory services. KBW has developed a strong reputation for its coverage of the housing market and advisory services to companies in the mortgage and real estate spaces.

KBW’s research team, which includes Bose George, Ryan Tomasello, Jade Rahmani and Tommy McJoynt, extensively covers the mortgage finance and real estate sector, including mortgage banks, mortgage insurers, mortgage REITs, title insurers, the government-sponsored enterprises (GSEs), homebuilders, real estate brokerages and technology companies.

KBW is a subsidiary of Stifel Financial Corp. HousingWire frequently turns to KBW for its analysis and predictions due to the firm’s nuanced understanding of the sector. KBW’s “Commission Impossible” series focused on the real estate commission lawsuits, settlements and impact on industry practices, including predictions on winners and losers in the lawsuits and analysis of the impact on commissions and agent counts.

KBW also provides research coverage and advisory services for M&A transactions. The company extensively covered the 2023 Black Knight and Intercontinental Exchange (ICE) merger along with consolidation in the mortgage origination space.

Founded in 1962, KBW is based in New York City.