Stifel Financial Corp. reported a jump in second-quarter profit and another record quarter for revenue.
Net revenue rose 11.3 percent to $725.6 million, marking the third consecutive quarter of record net revenue for the St. Louis-based financial services firm.
Net income available to common shareholders rose to $50.47 million, or 63 cents per diluted share, in the period ended June 30. That compared favorably to year-earlier net income of $9.77 million, or 13 cents.
On a non-GAAP basis, net income available to common shareholders in the most recent quarter was $71.6 million, or 90 cents per diluted common share, the company said.
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