Stifel’s 4Q Profit Rises 48 Percent

Stifel Financial Corp. reported a $40 million profit in the quarter that ended Dec. 31, a 48-percent increase from its profit of $27 million in the same quarter the pior year.

In 2012, the St. Louis-based brokerage and investment firm reported a profit of $138.6 million, or $2.20 a share, compared with a profit of $84.1 million, or $1.33 per share, in 2011.

In a conference call, Stifel chairman, president and CEO Ronald Kruzewski said the company plans to increase its budget for branding and for advertisements aimed at recruiting new employees.

Read more at the St. Louis Post-Dispatch

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