Stifel Financial (SF) Tops Q2 EPS by 50c, Revenues Beat

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Go back to Stifel Financial (SF) Tops Q2 EPS by 50c, Revenues Beat

Stifel Reports Second Quarter 2020 Results

July 29, 2020 6:00 AM EDT

Net revenues of $895.8 million, increased 11.9% with the year-ago quarter, were the Companys third highest quarterly net revenues.Record Institutional Group net revenues and fixed income brokerage revenues.Net income available to common shareholders of $103.0 million, or $1.39 per diluted common share.Non-GAAP net income available to common shareholders of $115.3 million, or $1.55 per diluted common share.Annualized return on average tangible common shareholders equity (1) was 20.7%.Non-GAAP annualized return on average tangible common shareholders equity (1) was 23.2%.

ST. LOUIS, July 29, 2020 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:... More