Stifel Financial Corp. (SF) Monday said its fourth-quarter profit increased, helped mainly by higher revenues.
Net income for the quarter increased to $39.9 million or 63 cents per share from $27.0 million or 43 cents per share in the same period last year.
On average, eight analysts expected the company to earn $0.60 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, revenues rose 17 percent and totaled $426.43 million, from $363.29 million in the year-ago quarter, while analysts expected to see revenues of $418.40 million.
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