Stifel’s Profit Jumps In Fourth Quarter

The Stifel Building in downtown St. Louis | Photo courtesy of Stifel
St. Louis-based Stifel saw improved profits in the fourth quarter. | Photo courtesy of Stifel

Stifel Financial Corp.’s fourth-quarter income rose by 20.8 percent to $48.3 million compared with the prior-year period, as revenue grew in both its global wealth management business and institutional group. The St. Louis-based company reported that net revenue in the quarter ended Dec. 31 was $562.5 million, up 36.8 percent from $411.3 million in the fourth quarter of 2012.

The financial services holding company attributes its revenue growth to multiple acquisitions that date back to late 2012.

Read more from the St. Louis Business Journal


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