Stifel Financial reports Q2 EPS $1.71, consensus $1.61

Reports Q2 revenue $1.28B, consensus $1.23B. Ronald Kruszewski, Chairman and Chief Executive Officer, said “We achieved the best second quarter in our history, generating over $1.28 billion in net revenue and $1.71 in core EPS despite a challenging April. These results reflect the strength of our diversified, advice-driven model and the consistency of our performance across market cycles. With our strongest financial advisor recruiting quarter in 10 years, growing momentum in our Institutional business, and continued progress in key growth areas, we are confident about the second half of the year and beyond.”