Stifel Financial Earnings: Weak Trading, Banking Results Drive Valuation Haircut; Shares Still Cheap
Stifel Financial reported middling third-quarter results with revenue of $1.43 billion coming in approximately flat with the year-ago period, while adjusted EPS of $1.46 was up 12% year over year and narrowly edged consensus estimates of $1.44. Shares traded basically flat Oct. 21 after the release.