Stifel Financial Corp. (SF) announced that its fourth-quarter net income was $24.7 million or $0.71 per share, compared to $16.0 million or $0.53 per share in the year ago quarter. Net revenues were $319.5 million, compared to net revenues of $231.0 million in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.65 per share on revenues of $308.75 million. Analysts' estimates typically exclude special items.
For the year ended December 31, 2009, the company posted net income of $75.8 million or $2.35 per share, compared to $55.5 million or $1.98 per share in the prior year period. Net revenues were $1.1 billion, compared to net revenues of $870.3 million last year. Analysts expected the company to report earnings of $2.27 per share on revenues of $1.08 billion for fiscal 2009.
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