Stifel Financial has reported a record net revenue of $212.2 million, a 63% increase over the fourth quarter of 2006.
For the year ended December 31, 2007, Stifel Financial’s net income almost doubled to $32.2 million, or $1.88 per diluted share, on revenue of $793.1 million, from $15.4 million, or $1.11 per diluted share, on revenue of $471.4 million, for the same period one year earlier.
The company has reported that a record net revenue for the period increased by 69% to $763.1 million, as compared to 2006.
Ronald Kruszewski, chairman and CEO of Stifel Financial, said: Despite the well chronicled difficult environment for financial services companies, we recorded record quarterly and annual results. 2007 marked our 12th consecutive year of record net revenue and all of our business segments achieved record revenue for the year.
