Stifel Financial Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 27, 2021 at 07:01 am EDT
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Stifel Financial Corp. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 2,309.92 million compared to USD 1,794.24 million a year ago. Net income was USD 384.75 million compared to USD 241.05 million a year ago. Basic earnings per share from continuing operations was USD 1.7 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 1.54 compared to USD 0.97 a year ago.
For the nine months, revenue was USD 6,943.01 million compared to USD 5,486.83 million a year ago. Net income was USD 1,126.94 million compared to USD 630.01 million a year ago. Basic earnings per share from continuing operations was USD 4.99 compared to USD 2.78 a year ago. Diluted earnings per share from continuing operations was USD 4.54 compared to USD 2.6 a year ago.
Stifel Financial Corp. is a financial holding company. The Company's principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a full-service retail and institutional wealth management and investment banking company. Its segment includes Global Wealth Management, Institutional Group, and others. Its Global Wealth Management segment consists of two businesses, the Private Client Group and Stifel Bancorp. The Private Client Group provides securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance, as well as offering banking products to its private clients through its bank subsidiaries, which provide residential, consumer, commercial lending, and FDIC-insured deposit accounts to customers. The Institutional Group segment includes institutional sales and trading. The Other segment includes interest income from stock borrow activities, unallocated interest expense, interest income and gains and losses from investments.