Stifel Financial Reports Earnings (SF)

Before Stifel Financial SF reported earnings, its stock saw a pretty wild swing at the end of the day. After trading higher throughout most of the session, the stock plunged a full point in the final 30 minutes of trading. The stock was as high as 44.11 per share, but closed with at 43.01, a loss of $0.21 per share. Call options sank in after-hours trading to a 40 base. The company reported revenue of $366M, well below the $395M consensus estimate and $0.50 in EPS, also well below the consensus estimate of $0.62. Principal Transactions again proved to be a weak spot for the company falling nearly 20% from year ago levels. A spike in commissions revenue to $155M was not enough to reach the Wall Street estimates on revenue, which were also hurt but only 21% growth in Investment Banking revenue. Wall Street had been calling for 26% growth for the top line. The company hosted a conference call at 5:00 p.m. EST on Monday.