{"id":518779,"date":"2021-07-28T07:04:01","date_gmt":"2021-07-28T11:04:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/stifel-reports-second-quarter-2021-results\/"},"modified":"2021-07-28T07:04:01","modified_gmt":"2021-07-28T11:04:01","slug":"stifel-reports-second-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stifel-reports-second-quarter-2021-results\/","title":{"rendered":"Stifel Reports Second Quarter 2021 Results"},"content":{"rendered":"
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ST. LOUIS, July 28, 2021 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today reported net income available to common shareholders of $189.8 million, or $1.60 per diluted common share on net revenues of $1.2 billion for the three months ended June 30, 2021, compared with net income available to common shareholders of $103.0 million, or $0.92 per diluted common share (<\/sup>1<\/sup>)<\/sup> on net revenues of $895.8 million for the second quarter of 2020. For the three months ended June 30, 2021, the Company reported non-GAAP net income available to common shareholders of $202.1 million, or $1.70 per diluted common share. The Company\u2019s reported GAAP net income for the three months ended June 30, 2021 was primarily impacted by merger-related expenses.<\/p>\n

\n Ronald J. Kruszewski<\/strong>, Chairman and Chief Executive Officer, said \u201cOur results in the first half of 2021 are impressive. We generated consecutive quarters of record net revenue and our improved operating scale drove record non-GAAP earnings for both the quarter and the first half of the year. With both of the firm\u2019s operating segments driving our performance, I am optimistic that these results can be sustained, as illustrated by our increased guidance for the remainder of the year.\u201d<\/em><\/p>\n

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