Stifel Financial Corp said on Wednesday its third-quarter earnings and revenue fell as sluggish markets sapped investment banking and trading, offsetting growth in its retail brokerage.The St. Louis company's net income for the third quarter swung to $22.3 million, or 35 cents a share, from a loss of $84.3 million, or $1.65, in the year-earlier period. Net revenue fell 1.8 percent to $334.2 million.The most recent results fell short of the average analyst estimate of 41 cents compiled by Thomson Reuters I/B/E/S estimates.Excluding items in the year-ago period, third-quarter earnings fell 25 percent.
Stifel Financial Corp is a financial holding company. Shares of SF fell by 5.05% or $-1.62/share to $30.45. In the past year, the shares have traded as low as $23.09 and as high as $49.94. On average, 603334 shares of SF exchange hands on a given day and today's volume is recorded at 614637.
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