Stifel Financial Up 8.8% On Record High Earnings And Revenue (SF)

Shares of St. Louis, Missouri-based Stifel Financial Corp. SF are currently up 8.8% at $71.93 per share during Tuesday afternoon trading. Today's trading range for shares of Stifel Financial Corp. has been between $71.00 and a 52-week high of $73.20 per share. The consensus price target of analysts covering the company's stock is $66.86 per share. Volume of 1.1 million shares is already more than four times the daily average volume of 253,000 shares. Stifel Financial Corp. (SF) released financial results early Tuesday morning that easily beat Wall Street estimates. Stifel Financial Corp. reported 4th quarter adjusted earnings of $1.11 per share, on revenue of $401.6 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 86 cents per share, on revenue of $364.34 million. Chairman, President and Chief Executive Officer Ronald J. Kruszewski said, "We are very pleased to report our 15th consecutive year of record net revenues and equally pleased with the success of our merger with Thomas Weisel Partners (TWPG). Our record quarterly revenues and record quarterly investment banking revenues demonstrate the power of the franchise and underscore the success of the merger with TWPG." Stifel Financial Corp. is a financial services holding company that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Read more from Benzinga's Company news.