Stifel Financial (NYSE: SF) reported Q2 EPS of $0.69, $0.11 better than the analyst estimate of $0.58. Revenue for the quarter came in at $652.1 million versus the consensus estimate of $615.82 million.

"We are pleased with the results from the second quarter as we posted a second consecutive quarter of record revenue and increased adjusted EPS by 21% sequentially, despite a less than ideal market environment. The diversity of our business model was again illustrated by a rebound in investment banking activity and growth in our bank, which more than offset the sequential decline in brokerage revenue from the first quarter's record levels. Although the market environment remains challenged, as macro level events in the first half of 2016 led to spikes in volatility that weighed on investor and corporate activity, we believe that Stifel remains well positioned to capitalize as the markets improve," stated Ronald J. Kruszewski, Chairman and CEO of Stifel.

"In the past month, we have sold off the lower margin legacy businesses from the Sterne Ageeacquisition, raised preferred equity, and refinanced higher cost debt. These actions have further strengthened our already strong balance sheet and will facilitate our continued efforts to optimize our capital base and increase shareholder returns."

For earnings history and earnings-related data on Stifel Financial (SF) click here.