Stifel Financial Corp. Q4 Profit Increases, Beats Estimates

(RTTNews) - Stifel Financial Corp. (SF) revealed earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $234.69 million, or $2.09 per share. This compares with $153.16 million, or $1.38 per share, last year.

Excluding items, Stifel Financial Corp. reported adjusted earnings of $249.71 million or $2.23 per share for the period.

Analysts on average had expected the company to earn $1.98 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 19.0% to $1.364 billion from $1.146 billion last year.

Stifel Financial Corp. earnings at a glance (GAAP) :

-Earnings: $234.69 Mln. vs. $153.16 Mln. last year. -EPS: $2.09 vs. $1.38 last year. -Revenue: $1.364 Bln vs. $1.146 Bln last year.