Financials

Evercore (NYSE:EVR) Q2 Adjusted Earnings, Revenue Fall

Evercore (NYSE:EVR) reported Q2 adjusted earnings  of $0.96 per diluted share, down from $2.46 per share a year earlier. Analysts polled by Capital IQ expected adjusted EPS of $1.26. Total revenue for the quarter ended June 30 was $503.6 million, compared with $635.2 million a year earlier. Four analysts surveyed by Capital IQ estimated $513.9 million, if comparable. The company said assets under management stood at $11.49 billion at the end of the quarter, compared with $10.46 billion a year earlier. Evercore also said its board declared a quarterly dividend of $0.76 per share, payable Sept. 8 to shareholders of record on Aug. 25.

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Stifel Financial (NYSE:SF) Q2 Adjusted Earnings, Revenue Decline

Stifel Financial (NYSE:SF) reported Q2 adjusted earnings  of $1.20 per diluted share, down from $1.40 a year earlier. Three analysts polled by Capital IQ expected $1.57 per share. Revenue for the quarter ended June 30 was $1.05 billion, down from $1.11 billion a year earlier. Two analysts surveyed by Capital IQ expected $1.12 billion.

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Franklin Resources (NYSE:BEN) Fiscal Q3 Adjusted Earnings, Operating Revenue Fall

Franklin Resources (NYSE:BEN) reported fiscal Q3 adjusted earnings  of $0.63 per diluted share, down from $0.82 a year earlier. Analysts polled by Capital IQ expected $0.60. Operating revenue for the quarter ended June 30 was $1.97 billion, compared with $2.03 billion a year earlier. Three analysts surveyed by Capital IQ expected $1.91 billion.

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