KBW Lowers EPS Estimates And Maintains Market Perform Rating On Stifel Financial (SF)

In a recent report, Keefe, Bruyette & Woods has lowered the EPS estimates on Stifel Financial SF but maintains a Market Perform rating on the company. A $49.00 price target remains on SF. In the report, KBW said, "Large miss to expectations for 1Q11 despite 2nd best quarterly results in terms of revenue and earnings as investment banking failed to keep pace with very strong 4Q10 results. Difference between R & O was $2.7 mil. in non-comp/non-int. expense." Stifel Financial closed yesterday at $43.01.