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.