Stifel Financial Corp (SF) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.69 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.58. The company posted revenue of $652.10 million in the period, compared to analysts expectations of $615.82 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.
Stifel Financial Corp opened for trading at $34.86 and hit $35.5 on the upside on Friday, eventually ending the session at $35.35, with a gain of 0.88% or 0.31 points. The heightened volatility saw the trading volume jump to 8,50,908 shares. Company has a market cap of $2,350 M.
In a different news, on Jun 9, 2016, Kelvin R Westbrook (director) sold 4,500 shares at $37.50 per share price. According to the SEC, on May 25, 2016, Ben A Plotkin (Vice Chairman) sold 15,270 shares at $36.69 per share price. On Dec 14, 2015, John P Dubinsky (director) sold 268 shares at $42.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Stifel Financial Corp. is a financial holding company. The Company operates in three segments: Global Wealth Management Institutional Group and Other. Global Wealth Management segment is engaged in the provision of Customer Financing and Asset Management and operates Consolidated Stifel Branch System and Stifel Bank. Institutional Group segment includes research equity and fixed income institutional sales and trading investment banking public finance and syndicate. Other segment includes interest income from stock borrow activities unallocated interest expense interest income and gains and losses from investments held. The Company through its subsidiary Stifel Nicolaus & Company Incorporated (Stifel) offers retail and institutional brokerage and investment banking firm. The Company through other subsidiaries is engaged in independent contractor broker-dealing; broker-dealing; retail and commercial banking; trust business and asset management.