The firm reported $1.42 non-GAAP EPS and $580.1 billion in record client assets for the quarter.
Stifel Financial posted second-quarter non-GAAP earnings per share of $1.42, exceeding estimates by $0.06, as revenue rose 11.5% year-over-year to $1.45 billion. The top line also surpassed expectations by $20 million.
Asset management revenues climbed 13% compared to the same period last year, while client assets reached a record $580.1 billion, up 12% from the prior-year quarter. The results reflect continued growth in the firm’s core business segments.
No immediate market reaction was disclosed in the release.